Guideline Value for DOOMING KUPPAM

Dooming Kuppam guideline value

The current guideline value of Dooming Kuppam is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is located in Mylapore village, under the Mylapore SRO, and is classified as Residential Class V Type - III.

How the guideline value of Dooming Kuppam has changed

The guideline value for Dooming Kuppam has seen several revisions over the years. The earliest recorded figure is from 2012, where it was Rs 3,000 per sq.ft. In 2017, this value decreased to Rs 2,010 per sq.ft, marking a decline of 33%. The 2023 revision brought it back up to Rs 3,000 per sq.ft, and the latest revision in 2024 increased it to Rs 3,300 per sq.ft, reflecting a 10% rise from the previous year.

Notably, there are no recorded figures for Dooming Kuppam in the years 2002, 2003, and 2007. Over the entire period from 2012 to 2024, the overall change in the guideline value is an increase of 10%.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO, with guideline values ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median guideline value in this area is Rs 8,800 per sq.ft, which means that Dooming Kuppam's 2024 figure is below the median.

• Dooming Lane: Rs 4,900 per sq.ft (2024)
• Dhasthagiri Ground: Rs 3,300 per sq.ft (2024)
• Dharmaraja Thottam: Rs 3,300 per sq.ft (2024)
• Dr. Besant Road: Rs 13,200 per sq.ft (2024)
• Dr.D.G.S.Dinakaran Salai: Rs 17,600 per sq.ft (2024)
• Dr. Natesan Road: Rs 13,200 per sq.ft (2024)

Stamp duty and registration fee for property in Dooming Kuppam

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees to Rs 2,97,000. It's important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Dooming Kuppam?

The Sub Registrar Office that covers Dooming Kuppam is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Mylapore. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property sale.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Dooming Kuppam?

The current guideline value of Dooming Kuppam is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, marking a 10% increase. It was Rs 2,010 per sq.ft in 2017 and Rs 3,000 per sq.ft in 2012.

What is the median guideline value in Mylapore?

The median guideline value in Mylapore is Rs 8,800 per sq.ft, which indicates that Dooming Kuppam's 2024 figure is below this median.

What are the stamp duty and registration fees for property in Dooming Kuppam?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000, and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Where is the Sub Registrar Office for Dooming Kuppam located?

The Mylapore Sub Registrar Office is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.