Guideline Value for Dakshinamurthy Cross Street

Dakshinamurthy Cross Street guideline value

The current guideline value of Dakshinamurthy Cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Peravallur village under the Sembiam SRO, classified as Residential Class I Type - I.

How the guideline value of Dakshinamurthy Cross Street has changed

The guideline value for Dakshinamurthy Cross Street has undergone several revisions over the years. The 2007 revision set the value at Rs 800 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, it then dropped to Rs 1,675 per sq.ft in the 2017 revision, marking a decrease of 33%. From 2017 to 2023, the value rose sharply by 49% to reach Rs 2,500 per sq.ft. The latest revision in 2024 has further increased the guideline value to Rs 2,700 per sq.ft, reflecting an 8% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 238%.

Guideline values in Peravallur

In Peravallur village, there are 423 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 7,100 per sq.ft, with a median value of Rs 3,301 per sq.ft. The guideline value for Dakshinamurthy Cross Street is below this median.

• Dakshinamurthy Street: Rs 2,700 per sq.ft (2024)
• Devagiammal Cross Street (Bashyam Reddy Colony): Rs 2,700 per sq.ft (2024)
• Devagiammal Street (Bashyam Reddy Colony): Rs 2,700 per sq.ft (2024)
• Devagiyammal Street (Vetri Nagar): Rs 3,301 per sq.ft (2024)
• Chinnaswamy Raja Street: Rs 2,700 per sq.ft (2024)
• Chelliamman Koil 2nd Street (Bashyam Reddy Colony): Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Dakshinamurthy Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000. Together, the total cost for stamp duty and registration would be Rs 2,43,000. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dakshinamurthy Cross Street?

The Sub Registrar Office covering Dakshinamurthy Cross Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value is a crucial factor in determining the stamp duty and registration fees when buying or selling property in Peravallur. It serves as a benchmark for the minimum value on which these fees are calculated, ensuring that the government receives appropriate revenue from property transactions.

When engaging in a property transaction, it is essential to be aware of the current guideline value, as it influences the overall cost of registration. Buyers and sellers should consider this value to avoid any surprises in the financial aspects of the transaction.

Frequently asked questions

What is the current guideline value of Dakshinamurthy Cross Street?

The current guideline value of Dakshinamurthy Cross Street is Rs 2,700 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 800 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 238% over this period.

What are the stamp duty and registration fees for properties on Dakshinamurthy Cross Street?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which office handles registrations for Dakshinamurthy Cross Street?

The Sembiam Sub Registrar Office handles registrations for Dakshinamurthy Cross Street, located at 5, Papermills Road, Sembiam, Chennai - 600011.

What is the significance of the guideline value in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions, ensuring that the government receives appropriate revenue. It acts as a benchmark for the minimum value of the property being registered.