Guideline Value for DAYALAMMAL STREET

Dayalammal Street guideline value

The current guideline value of Dayalammal Street in Puliyur village, under the Kodambakkam SRO, is Rs 4,400 per sq.ft, effective from 1 July 2024. The land classification for this street is Residential Class IV Type - II.

How the guideline value of Dayalammal Street has changed

The guideline value for Dayalammal Street has seen several revisions over the years. In the 2007 revision, the value was Rs 1,050 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in 2012, marking an increase of 281%. However, in the 2017 revision, the value dropped to Rs 2,680 per sq.ft, a decrease of 33%. The value then rose to Rs 4,000 per sq.ft in 2023, and subsequently increased to Rs 4,400 per sq.ft in the 2024 revision, reflecting a 10% rise.

There are no figures available for the revisions in 2002 and 2003 for Dayalammal Street. Overall, from 2007 to 2024, the guideline value has increased by 319%.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO, with a 2024 guideline value range from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, indicating that Dayalammal Street's 2024 guideline value is below this median.

• Dass Street: Rs 4,400 per sq.ft (2024)
• Dass Puram: Rs 4,400 per sq.ft (2024)
• Deivasigamani 1st Street: Rs 3,800 per sq.ft (2024)
• Deivasigamani 2nd Street: Rs 3,800 per sq.ft (2024)
• Corporation Colony 2nd Street: Rs 7,100 per sq.ft (2024)
• Corporation Colony 1st Street: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Dayalammal Street

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dayalammal Street?

The Sub Registrar Office covering Dayalammal Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Puliyur

The guideline value is a critical factor when registering property in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is bought or sold, the guideline value helps in assessing the legal obligations related to registration. It is essential for both parties to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Dayalammal Street?

The current guideline value of Dayalammal Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,050 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting a significant increase over the years.

What is the land classification for Dayalammal Street?

Dayalammal Street is classified as Residential Class IV Type - II.

Where can I find the Sub Registrar Office for Dayalammal Street?

The Sub Registrar Office for Dayalammal Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is stamp duty calculated for properties in Puliyur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 at a rate of 7%.