Guideline Value for Damodarapurumal Colony 1 to 5th Street and Cross Street

Damodarapurumal Colony 1 to 5th Street and Cross Street guideline value

The current guideline value for Damodarapurumal Colony 1 to 5th Street and Cross Street is Rs 3,800 per sq.ft, effective from 1 July 2024. This area is located in Konnur village, under the Konnur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Damodarapurumal Colony 1 to 5th Street and Cross Street has changed

The guideline value for this street has undergone several revisions over the years. In 2007, the value was Rs 800 per sq.ft, which increased significantly to Rs 3,500 per sq.ft in 2012. However, it saw a decline to Rs 2,345 per sq.ft in 2017. The value then rose sharply to Rs 3,500 per sq.ft in 2023, and further increased by 9% to the current value of Rs 3,800 per sq.ft in 2024. The register has no figures for the years 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by 375%. The changes from each revision are notable, with a remarkable increase of 338% from 2007 to 2012, followed by a decrease of 33% from 2012 to 2017, and a substantial increase of 49% from 2017 to 2023.

Guideline values in Konnur

Konnur village has 249 streets under the Konnur SRO, with guideline values ranging from Rs 2,750 to Rs 7,100 per sq.ft. The median guideline value is Rs 3,800 per sq.ft, which aligns with the current value for Damodarapurumal Colony 1 to 5th Street and Cross Street.

• Damodaran Lane & Street: Rs 5,500 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 Damodarapurumal Colony 1 to 5th Street and Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total fees to Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for precise calculations based on your property details.

Which Sub Registrar Office covers Damodarapurumal Colony 1 to 5th Street and Cross Street?

The Sub Registrar Office that covers Damodarapurumal Colony 1 to 5th Street and Cross Street is the Konnur Sub Registrar Office. The address is Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process of property transactions in Konnur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid by the buyer. This value is set by the government and is updated periodically based on various factors.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value for Damodarapurumal Colony 1 to 5th Street and Cross Street?

The current guideline value for Damodarapurumal Colony 1 to 5th Street and Cross Street is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, from Rs 800 per sq.ft in 2007 to Rs 3,800 per sq.ft in 2024, marking an overall increase of 375% over the years.

What is the stamp duty for a property in Damodarapurumal Colony?

The stamp duty for a property in Damodarapurumal Colony is 7% of the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office covering Damodarapurumal Colony is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the land classification for Damodarapurumal Colony?

The land classification for Damodarapurumal Colony is Residential Class II Type - I, indicating its designation for residential purposes.