Guideline Value for DURGA BAI DESHMUK ROAD

Durga Bai Deshmuk Road guideline value

The current guideline value of Durga Bai Deshmuk Road is Rs 17,600 per sq.ft, effective from 1 July 2024. This road is located in Mylapore village and falls under the Mylapore SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Durga Bai Deshmuk Road has changed

The guideline value for Durga Bai Deshmuk Road has undergone several revisions over the years. The 2012 revision recorded a guideline value of Rs 16,000 per sq.ft, which remained unchanged in the 2023 revision. However, the 2024 revision saw an increase of 10%, bringing the guideline value to Rs 17,600 per sq.ft.

There are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median guideline value for these streets is Rs 8,800 per sq.ft, placing Durga Bai Deshmuk Road's 2024 figure above this median.

• Dwaraka Colony: Rs 13,200 per sq.ft (2024)
• East Circular Road: Rs 15,900 per sq.ft (2024)
• D-Silva Road: Rs 16,500 per sq.ft (2024)
• D'silva Lane: Rs 9,900 per sq.ft (2024)
• Dr. Sivasamy Salai (Cit Colony 1st Cross St To North End Of The Street): Rs 15,900 per sq.ft (2024)
• Dr.Ranga Salai: Rs 16,500 per sq.ft (2024)

Stamp duty and registration fee for property in Durga Bai Deshmuk Road

For a 1,000 sq.ft plot at the current guideline value of Rs 17,600 per sq.ft, the total guideline value amounts to Rs 1,76,00,000. The stamp duty at 7% would be Rs 12,32,000, and the registration fee at 2% would be Rs 3,52,000, totaling Rs 15,84,000. 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 Durga Bai Deshmuk Road?

The Sub Registrar Office that covers Durga Bai Deshmuk Road 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 calculating the stamp duty and registration fees, ensuring that these costs are based on a standardized value recognized by the authorities.

When buying or selling property, the guideline value helps in determining the minimum value at which the property can be registered. This ensures transparency and consistency in property transactions within the Mylapore SRO jurisdiction.

Frequently asked questions

What is the current guideline value of Durga Bai Deshmuk Road?

The current guideline value of Durga Bai Deshmuk Road is Rs 17,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 16,000 per sq.ft in 2012 to Rs 17,600 per sq.ft in 2024, marking a 10% increase. There were no changes recorded for the years 2002, 2003, 2007, and 2017.

What is the land classification for Durga Bai Deshmuk Road?

Durga Bai Deshmuk Road is classified as Residential Special Type - III, indicating its zoning for residential purposes.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2%. For example, for a 1,000 sq.ft plot, the total fees would be Rs 15,84,000.

Where is the Sub Registrar Office located for this area?

The Mylapore Sub Registrar Office is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018. This office handles registrations for properties in the area.