Guideline Value for Damodaran Lane & Street

Damodaran Lane & Street guideline value

The current guideline value of Damodaran Lane & Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Konnur village, under the Konnur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Damodaran Lane & Street has changed

Over the years, the guideline value of Damodaran Lane & Street has seen significant fluctuations. The 2012 revision recorded a value of Rs 5,000 per sq.ft, which then decreased to Rs 3,350 per sq.ft in 2017. Following this, the value rose to Rs 5,000 per sq.ft in the 2023 revision, and the most recent revision in 2024 has set the value at Rs 5,500 per sq.ft. The changes from 2012 to 2017 reflect a decrease of 33%, while the increase from 2017 to 2023 was 49%. The guideline value has increased by 10% from 2023 to 2024.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Konnur

Konnur village has a total of 249 streets under the Konnur SRO, with guideline values ranging from Rs 2,750 to Rs 7,100 per sq.ft as of 2024. The median guideline value in this village is Rs 3,800 per sq.ft, placing Damodaran Lane & Street's 2024 figure significantly above this median.

• Damodarapurumal Colony 1 to 5th Street and Cross Street: Rs 3,800 per sq.ft (2024)
• Devar Street and Extension: Rs 5,500 per sq.ft (2024)
• Cilanthi Kuttai: Rs 5,500 per sq.ft (2024)
• Dhadhan Kuppam Puducherry: Rs 3,800 per sq.ft (2024)
• Dhamodhara Perumal Colony: Rs 3,800 per sq.ft (2024)
• Dhasan Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Damodaran Lane & Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total fees to Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Damodaran Lane & Street?

The Sub Registrar Office that covers Damodaran Lane & Street is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Konnur. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these fees are proportionate to the property's value.

When buying or selling property, the guideline value helps in determining the official value of the property, which is essential for legal documentation and taxation purposes. It ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Damodaran Lane & Street?

The current guideline value of Damodaran Lane & Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 5,000 per sq.ft in 2012 to Rs 3,350 per sq.ft in 2017, then to Rs 5,000 per sq.ft in 2023, and finally to Rs 5,500 per sq.ft in 2024.

What is the land classification of Damodaran Lane & Street?

Damodaran Lane & Street is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for Damodaran Lane & Street?

The Konnur Sub Registrar Office covers Damodaran Lane & Street, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What are the stamp duty and registration fees based on the guideline value?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For example, for a plot of 1,000 sq.ft at Rs 5,500 per sq.ft, the total fees would amount to Rs 4,95,000.