Guideline Value for Dams Road

Dams Road guideline value

The current guideline value of Dams Road in Egmore village, under the Periamet SRO, is Rs 11,000 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - II land classification.

How the guideline value of Dams Road has changed

The guideline value for Dams Road has seen significant changes over the years. In 2003, the value was Rs 603 per sq.ft, which increased dramatically to Rs 4,200 per sq.ft in 2007, marking a rise of 597%. The value then rose to Rs 10,000 per sq.ft in 2012, reflecting an increase of 138%. However, between 2012 and 2017, the value decreased by 33% to Rs 6,700 per sq.ft. The value then surged to Rs 10,000 per sq.ft in 2023, a rise of 49%, and reached the current value of Rs 11,000 per sq.ft in 2024, an increase of 10%.

The register has no figure for the year 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by 1724%.

Guideline values in Egmore

In Egmore village, there are 465 streets under the Periamet SRO that carry 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. Dams Road's guideline value is above this median.

• Damodara Murthy lane / road: Rs 11,000 per sq.ft (2024)
• Damodara MudaliStreet: Rs 11,000 per sq.ft (2024)
• Corporation Model Line: Rs 3,400 per sq.ft (2024)
• Desingh Street: Rs 7,100 per sq.ft (2024)
• Coovam River road: Rs 4,900 per sq.ft (2024)
• Coovam riverLane: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Dams Road

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the total 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, bringing the total fees together to Rs 9,90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dams Road?

The Sub Registrar Office that covers Dams Road is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more details.

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

The guideline value is a critical factor when registering property transactions in Egmore. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is sold, the guideline value is used to calculate the taxes owed, ensuring that the government receives appropriate revenue from property transactions. Buyers and sellers must be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Dams Road?

The current guideline value of Dams 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 603 per sq.ft in 2003 to Rs 11,000 per sq.ft in 2024, reflecting an overall increase of 1724% over the years.

What is the land classification for Dams Road?

Dams Road falls under the Residential Class I Type - II land classification.

What are the stamp duty rates for properties in Dams Road?

The stamp duty for properties in Dams Road is calculated at 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Dams Road located?

The Sub Registrar Office for Dams Road is located at 1103, Poonamallee High Road, Chennai-600 003, under the Periamet registration zone.