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Guideline Value

Corporate

Guideline Value for Damodara Murthy lane / road

₹11000/sq.ft.

The guideline value for Damodara Murthy Lane / Road in Egmore village (Periamet SRO, Chennai zone) is Rs 11000 per sq.ft, effective 1 July 2024. It was Rs 10000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Egmore

Village

Periamet

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹11000 /sq.ft.
From 1-4-2023 ₹10000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹6700 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹10000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹825 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹748 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

1103, Poonamallee High Road, Chennai-600 003.
044-25612486
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Damodara Murthy Lane / Road

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Damodara Murthy lane / road guideline value

The current guideline value of Damodara Murthy lane / road is Rs 11,000 per sq.ft. This street is located in Egmore village and falls under the Periamet SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Damodara Murthy lane / road has changed

The guideline value for Damodara Murthy lane / road has undergone several revisions over the years. In 2002, the guideline value was Rs 748 per sq.ft, which increased to Rs 825 per sq.ft in 2003. Following this, there was a significant rise to Rs 1,500 per sq.ft in 2007, and then it jumped to Rs 10,000 per sq.ft in 2012. However, the value decreased to Rs 6,700 per sq.ft in 2017. The most recent revisions show an increase to Rs 10,000 per sq.ft in 2023 and a further rise to Rs 11,000 per sq.ft effective from 1 July 2024.

Overall, the changes from the 2002 revision to the 2024 revision reflect a substantial increase of 1,371%. Notably, the increase from 2023 to 2024 is 10%, while the jump from 2017 to 2023 was 49%. The register has no figures for the years not mentioned in this summary.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO that have a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft, with a median value of Rs 7,100 per sq.ft. The guideline value of Damodara Murthy lane / road is above this median.

Stamp duty and registration fee for property in Damodara Murthy lane / road

For a 1,000 sq.ft plot at the current rate of Rs 11,000 per sq.ft, the guideline value would be Rs 1,10,00,000. The stamp duty at 7% would amount to Rs 7,70,000, and the registration fee at 2% would be Rs 2,20,000, totaling Rs 9,90,000. It is important to note that the 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 Damodara Murthy lane / road?

The Sub Registrar Office that covers Damodara Murthy lane / road is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Egmore. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must consider this value to ensure compliance with the regulations set by the registration authorities.

When a property is registered, the guideline value is used to calculate the applicable fees. This ensures that the transaction is documented accurately and that the correct amount of duty is paid based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Damodara Murthy lane / road?

The current guideline value of Damodara Murthy lane / road is Rs 11,000 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 748 per sq.ft in 2002 to Rs 11,000 per sq.ft in 2024, reflecting an overall increase of 1,371%.

What is the land classification for Damodara Murthy lane / road?

The land classification for Damodara Murthy lane / road is Residential Class I Type - II.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Damodara Murthy lane / road is located at 1103, Poonamallee High Road, Chennai-600 003.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 11,000 per sq.ft, the total guideline value would be Rs 1,10,00,000.