Guideline Value for Damodaran street

Damodaran street guideline value

The current guideline value of Damodaran street is Rs 3,600 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village, under the Ambattur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Damodaran street has changed

The guideline value for Damodaran street has undergone several revisions over the years. The 2012 revision set the value at Rs 3,300 per sq.ft, which was a decrease of 33% from Rs 2,211 per sq.ft in the 2017 revision. The value remained at Rs 3,300 per sq.ft in 2023, before increasing to Rs 3,600 per sq.ft in the 2024 revision, marking a 9% rise.

Overall, from 2012 to 2024, the guideline value has increased by 9%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO, with guideline values ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median guideline value is Rs 3,600 per sq.ft, which is the same as the current value for Damodaran street.

• D.10.Road (Poompughar Nagar): Rs 3,600 per sq.ft (2024)
• Compounder Ramasamy Street: Rs 4,000 per sq.ft (2024)
• Cholapuram 7th Street: Rs 2,500 per sq.ft (2024)
• Cholapuram 6th Street: Rs 2,500 per sq.ft (2024)
• Cholapuram 5th Street: Rs 2,500 per sq.ft (2024)
• Cholapuram 4th Street: Rs 2,500 per sq.ft (2024)

Stamp duty and registration fee for property in Damodaran street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,600 per sq.ft, the total guideline value would be Rs 36,00,000. The stamp duty at 7% would amount to Rs 2,52,000, and the registration fee at 2% would be Rs 72,000, totaling Rs 3,24,000. 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 Damodaran street?

The Sub Registrar Office that covers Damodaran street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Ambattur. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value ensures transparency and standardization in property transactions. Buyers and sellers must consider this value to understand the financial implications of their transactions, including taxes and fees.

Frequently asked questions

What is the current guideline value of Damodaran street?

The current guideline value of Damodaran street is Rs 3,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,300 per sq.ft in 2023 to Rs 3,600 per sq.ft in 2024, an increase of 9%. It was Rs 2,211 per sq.ft in 2017 and Rs 3,300 per sq.ft in 2012, showing a significant increase over the years.

What is the land classification of Damodaran street?

Damodaran street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Damodaran street?

The Sub Registrar Office for Damodaran street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in Ambattur?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 36,00,000, the stamp duty at 7% would be Rs 2,52,000.