Guideline Value for DOOMING LANE

Dooming Lane guideline value

The current guideline value of Dooming Lane is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village and falls under the Mylapore SRO with a land classification of Residential Class V Type - II.

How the guideline value of Dooming Lane has changed

The guideline value for Dooming Lane has undergone several revisions over the years. In 2002, the guideline value was Rs 791 per sq.ft. This increased to Rs 879 per sq.ft in 2003, reflecting a change of +11%. By 2007, the value saw a significant rise to Rs 900 per sq.ft, an increase of +2%. The 2012 revision set the value at Rs 4,500 per sq.ft, marking a substantial +400% change from the previous revision.

In 2017, the guideline value was revised to Rs 3,015 per sq.ft, which was a decrease of -33% from the 2012 figure. The value then increased to Rs 4,500 per sq.ft in 2023, followed by the current value of Rs 4,900 per sq.ft in 2024, representing a +9% change. Overall, from 2002 to 2024, the guideline value has increased by +519%. There are no years in the register with no figures for this street.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO carrying a 2024 guideline value ranging from Rs 3,300 to Rs 25,800 per sq.ft, with a median value of Rs 8,800 per sq.ft. The guideline value of Dooming Lane is below this median.

• Dooming Kuppam: Rs 3,300 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 Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total to Rs 4,41,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Dooming Lane?

Dooming Lane falls under the jurisdiction of the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process for property transactions in Mylapore. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the public domain.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transfer of property ownership. Buyers should be aware of the guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Dooming Lane?

The current guideline value of Dooming Lane is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 791 per sq.ft in 2002 to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of +519% over the years.

What are the stamp duty and registration fees for properties in Dooming Lane?

For a property of 1,000 sq.ft at the current guideline value, the total stamp duty is Rs 3,43,000 and the registration fee is Rs 98,000, totaling Rs 4,41,000.

Which Sub Registrar Office covers Dooming Lane?

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

Where can I find more information about guideline values in Mylapore?

More information about guideline values in Mylapore can be found through the official Registration Department's guideline value register (TNReginet) or by visiting the Mylapore SRO.