Guideline Value for Daniel St

Daniel St guideline value

The current guideline value of Daniel St in Irumpuliyur village is Rs 1,650 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - I.

How the guideline value of Daniel St has changed

The guideline value for Daniel St has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 600 per sq.ft. This increased to Rs 1,500 per sq.ft in 2012, before decreasing to Rs 1,005 per sq.ft in 2017. The 2023 revision saw a significant increase to Rs 1,500 per sq.ft, and the most recent 2024 revision raised it further to Rs 1,650 per sq.ft.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 175%. The changes between revisions include a 150% increase from 2007 to 2012, a decrease of 33% from 2012 to 2017, and a 49% increase from 2017 to 2023, followed by a 10% increase from 2023 to 2024. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Irumpuliyur

In Irumpuliyur, there are 218 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 880 to Rs 6,600 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Daniel St's 2024 figure below that median.

• Darma Thottam: Rs 2,530 per sq.ft (2024)
• Darma Thottam 1st Street: Rs 2,530 per sq.ft (2024)
• Darma Thottam 2nd Street (Bharathidasan Street): Rs 2,530 per sq.ft (2024)
• Darma Thottam 3rd Street: Rs 2,200 per sq.ft (2024)
• Darma Thottam Erikarai Street: Rs 1,650 per sq.ft (2024)
• Devaki Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Daniel St

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, while the registration fee at 2% would be Rs 33,000. The total cost for these fees together would be Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Daniel St?

The Sub Registrar Office that covers Daniel St is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Irumpuliyur. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps in assessing the transaction price. If the sale price is lower than the guideline value, the higher guideline value will be used to calculate the applicable fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Daniel St?

The current guideline value of Daniel St is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 175% over the years.

What are the other streets in Irumpuliyur with their guideline values?

Other streets in Irumpuliyur include Darma Thottam at Rs 2,530 per sq.ft, Darma Thottam 1st Street at Rs 2,530 per sq.ft, and several others, with values ranging from Rs 880 to Rs 6,600 per sq.ft.

How is stamp duty calculated for property in Daniel St?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 16,50,000 would incur a stamp duty of Rs 1,15,500.

Where can I find the Sub Registrar Office for Daniel St?

The Sub Registrar Office for Daniel St is located at No.26, Mes Road, East Tambaram, Chennai-600059. You can find more details by visiting the relevant links.