Guideline Value for DSR Avenue

DSR Avenue guideline value

The current guideline value of DSR Avenue in Malliyankaranai village is Rs 450 per sq.ft, effective from 1 July 2024. This property falls under the Uthiramerur SRO and is classified as Residential Class III Type - III.

How the guideline value of DSR Avenue has changed

According to the guideline value register, there have been no figures recorded for DSR Avenue in the revisions from 2002, 2003, 2007, 2012, and 2017. The 2023 revision also maintained the guideline value at Rs 450 per sq.ft.

In the 2024 revision, the guideline value remains unchanged at Rs 450 per sq.ft, reflecting a 0% change from the previous year. This consistency indicates stability in the valuation of DSR Avenue over the recent revisions.

Guideline values in Malliyankaranai

Within Malliyankaranai, there are 42 streets under the Uthiramerur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 603 per sq.ft. The median guideline value for these streets is Rs 401 per sq.ft, positioning DSR Avenue above this median.

• DSS Avenue: Rs 450 per sq.ft (2024)
• Durai Raj Nagar: Rs 603 per sq.ft (2024)
• Gandhi Nagar: Rs 250 per sq.ft (2024)
• Chettipettai: Rs 200 per sq.ft (2024)
• Chellammal Nagar: Rs 401 per sq.ft (2024)
• Balaji Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in DSR Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 450 per sq.ft, the total guideline value would be Rs 4,50,000. The stamp duty at 7% would amount to Rs 31,500, and the registration fee at 2% would be Rs 9,000, totaling Rs 40,500. 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 detailed calculations.

Which Sub Registrar Office covers DSR Avenue?

The DSR Avenue is covered by the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.

To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Malliyankaranai. It is used as a basis for calculating stamp duty and registration fees during the sale or purchase of property, ensuring that the government receives the appropriate revenue from property transactions.

When registering a property, buyers and sellers must refer to the guideline value to determine the applicable fees. This value helps establish a fair and standardized approach to property valuations within the region.

Frequently asked questions

What is the current guideline value of DSR Avenue?

The current guideline value of DSR Avenue is Rs 450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for DSR Avenue has remained consistent at Rs 450 per sq.ft since the 2023 revision, with no recorded figures in the revisions from 2002 to 2017.

What is the land classification of DSR Avenue?

DSR Avenue is classified as Residential Class III Type - III, indicating its designation for residential use within the area.

What are the stamp duty and registration fees for DSR Avenue?

For a property valued at Rs 4,50,000, the stamp duty would be Rs 31,500, and the registration fee would be Rs 9,000, totaling Rs 40,500.

Where is the Uthiramerur Sub Registrar Office located?

The Uthiramerur Sub Registrar Office is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.