Guideline Value for DEMELLOWS ROAD (ANJANEYAR KOIL STREET MAIN ROAD TO GANTZ ROAD)

Demellows Road (Anjaneyar Koil Street Main Road To Gantz Road) guideline value

The current guideline value of Demellows Road (Anjaneyar Koil Street Main Road To Gantz Road) is Rs 7,700 per sq.ft, effective from 1 July 2024. This road is located in Purasaivakkam village and falls under the Purasaivakkam SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Demellows Road (Anjaneyar Koil Street Main Road To Gantz Road) has changed

The guideline value for Demellows Road has seen several revisions over the years. In 2007, the guideline value was Rs 1,800 per sq.ft, which increased significantly to Rs 7,000 per sq.ft in 2012. However, it then decreased to Rs 4,690 per sq.ft in 2017. Following this, the value rose sharply to Rs 7,000 per sq.ft in 2023, and most recently, it has increased to Rs 7,700 per sq.ft in the 2024 revision. The changes from 2012 to 2017 reflect a decrease of 33%, while the jump from 2017 to 2023 indicates an increase of 49%. The latest increase from 2023 to 2024 is 10%.

From 2007 to 2024, the overall increase in the guideline value is 328%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 18,100 per sq.ft. The median guideline value for these streets is Rs 5,500 per sq.ft, placing Demellows Road's 2024 figure above that median.

• Davidpuram: Rs 4,400 per sq.ft (2024)
• Devarajulu Mudali Street: Rs 5,500 per sq.ft (2024)
• Devi Bhavani Ellaiamman Koil Street: Rs 4,900 per sq.ft (2024)
• Darga Road: Rs 3,300 per sq.ft (2024)
• Damodaran Lane: Rs 6,500 per sq.ft (2024)
• Damodara Mudali Street: Rs 6,500 per sq.ft (2024)

Stamp duty and registration fee for property in Demellows Road (Anjaneyar Koil Street Main Road To Gantz Road)

For a 1,000 sq.ft plot at the current rate of Rs 7,700 per sq.ft, the guideline value amounts to Rs 77,00,000. The stamp duty at 7% would be Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, totaling Rs 6,93,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Demellows Road (Anjaneyar Koil Street Main Road To Gantz Road)?

The Sub Registrar Office that covers Demellows Road is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Purasaivakkam. It serves as a benchmark for determining the minimum value of the property for registration purposes. This value is used to calculate the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value ensures that the transaction is documented at a fair value, preventing undervaluation. Buyers and sellers should be aware of the guideline value to understand their financial obligations during the property transaction process.

Frequently asked questions

What is the current guideline value of Demellows Road?

The current guideline value of Demellows Road (Anjaneyar Koil Street Main Road To Gantz Road) is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2007 to Rs 7,700 per sq.ft in 2024, reflecting an overall increase of 328% over the years.

What is the stamp duty for a property on Demellows Road?

The stamp duty for a property on Demellows Road is calculated at 7% of the guideline value. For a 1,000 sq.ft plot, the stamp duty would be Rs 5,39,000.

Where can I find the Sub Registrar Office for Demellows Road?

The Sub Registrar Office for Demellows Road is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the median guideline value in Purasaivakkam?

The median guideline value in Purasaivakkam is Rs 5,500 per sq.ft, which is below the current guideline value of Demellows Road.