Guideline Value for DOSS NAGAR PALLAM ALL STREETS

Doss Nagar Pallam All Streets guideline value

The current guideline value of Doss Nagar Pallam All Streets is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Doss Nagar Pallam All Streets has changed

The guideline value for Doss Nagar Pallam All Streets has seen several revisions over the years. In 2007, the value was Rs 550 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, it then decreased to Rs 1,340 per sq.ft in 2017. The value rose again to Rs 2,000 per sq.ft in 2023, and currently stands at Rs 2,200 per sq.ft as of the 2024 revision. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2012 to 2017 saw a decrease of 33%, while the increase from 2007 to 2012 was a substantial 264%. Overall, from 2007 to 2024, the guideline value has increased by 300%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. Doss Nagar Pallam All Streets' 2024 guideline value of Rs 2,200 per sq.ft is below this median.

• Dr. Ambedkar Nagar: Rs 1,600 per sq.ft (2024)
• Dr. Ambedkar Nagar 1st Cross Street: Rs 1,600 per sq.ft (2024)
• Dr. Ambedkar Nagar 1st Street: Rs 1,600 per sq.ft (2024)
• Dr. Ambedkar Nagar 2nd Cross Street: Rs 1,600 per sq.ft (2024)
• Dr. Ambedkar Nagar 2nd Street: Rs 1,600 per sq.ft (2024)
• Dr. Ambedkar Nagar 3rd Cross Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Doss Nagar Pallam All Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value comes to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total cost for these fees Rs 1,98,000. It is important to note that the 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 details.

Which Sub Registrar Office covers Doss Nagar Pallam All Streets?

The Sub Registrar Office that covers Doss Nagar Pallam All Streets 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 Perambur

The guideline value is a crucial factor in property transactions in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers should be aware that the guideline value can affect the stamp duty and registration fees payable during the transaction.

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Doss Nagar Pallam All Streets?

The current guideline value of Doss Nagar Pallam All Streets is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 550 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 300% over this period.

What is the land classification for Doss Nagar Pallam All Streets?

Doss Nagar Pallam All Streets is classified as Residential Class IV Type - I.

Where can I find the Sub Registrar Office for Doss Nagar Pallam All Streets?

The Sub Registrar Office for Doss Nagar Pallam All Streets is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is the stamp duty calculated for properties in Doss Nagar Pallam All Streets?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 at 7%.