Guideline Value for Dakshinamurthy Street

Dakshinamurthy Street guideline value

The current guideline value of Dakshinamurthy Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Peravallur village and falls under the Sembiam SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Dakshinamurthy Street has changed

The guideline value for Dakshinamurthy Street has seen several revisions over the years. In 2007, the guideline value was Rs 800 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, it then decreased to Rs 1,675 per sq.ft in 2017. The 2023 revision saw an increase to Rs 2,500 per sq.ft, followed by a further increase to Rs 2,700 per sq.ft in 2024. The changes between these revisions include a 213% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and an 8% increase from 2023 to 2024.

It is important to note that the register has no figures for Dakshinamurthy Street for the years 2002 and 2003.

Guideline values in Peravallur

In Peravallur, there are 423 streets under the Sembiam SRO carrying 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. Dakshinamurthy Street's 2024 figure is below this median.

• Dakshinamurthy Cross 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 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. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dakshinamurthy Street?

The Sub Registrar Office that covers Dakshinamurthy 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 an important factor in the registration process when buying or selling property in Peravallur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When registering a property, 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 Dakshinamurthy Street?

The current guideline value of Dakshinamurthy 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, reflecting an overall increase of 238% over this period.

What are the stamp duty rates for properties in Dakshinamurthy Street?

The stamp duty for properties in Dakshinamurthy Street is charged at a rate of 7% on the guideline value or sale price, whichever is higher.

Which office handles registrations for Dakshinamurthy Street?

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

What is the median guideline value in Peravallur?

The median guideline value in Peravallur is Rs 3,301 per sq.ft for the year 2024, and Dakshinamurthy Street's value is below this median.