Guideline Value for Darma Thottam 1st Street

Darma Thottam 1st Street guideline value

The current guideline value of Darma Thottam 1st Street is Rs 2,530 per sq.ft, effective from 1 July 2024. This street is located in Irumpuliyur village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Darma Thottam 1st Street has changed

The guideline value for Darma Thottam 1st Street has seen several revisions over the years. In 2007, the guideline value was Rs 650 per sq.ft, which rose significantly to Rs 2,300 per sq.ft in 2012. However, it decreased to Rs 1,541 per sq.ft in 2017. The 2023 revision set the value at Rs 2,300 per sq.ft, and the latest revision in 2024 increased it to Rs 2,530 per sq.ft.

Between the revisions, the changes were notable. From 2007 to 2012, the value increased by 254%, but it then fell by 33% from 2012 to 2017. After a substantial increase of 49% from 2017 to 2023, the value rose by 10% from 2023 to 2024. Overall, from 2007 to 2024, there has been an increase of 289%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Irumpuliyur

In Irumpuliyur village, there are 218 streets under the Tambaram Joint 1 SRO that have a 2024 guideline value ranging from Rs 880 to Rs 6,600 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for Darma Thottam 1st Street is above this median.

• Darma Thottam: 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)
• Daniel St: Rs 1,650 per sq.ft (2024)
• Devaki Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Darma Thottam 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value would be Rs 25,30,000. The stamp duty at 7% would amount to Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, bringing the total to Rs 2,27,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Darma Thottam 1st Street?

The Sub Registrar Office that covers Darma Thottam 1st Street 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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Irumpuliyur. It helps determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value serves as a benchmark for calculating the applicable fees. Buyers and sellers should be aware of these values to ensure compliance with local regulations and to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Darma Thottam 1st Street?

The current guideline value of Darma Thottam 1st Street is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 650 per sq.ft in 2007 to Rs 2,530 per sq.ft in 2024. The value saw fluctuations, including a drop between 2012 and 2017, but overall increased by 289% from 2007 to 2024.

What is the land classification for Darma Thottam 1st Street?

The land classification for Darma Thottam 1st Street is Residential Special Type - I, indicating its designated use for residential purposes.

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

The Sub Registrar Office covering Darma Thottam 1st Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 25,30,000 would incur a stamp duty of Rs 1,77,100 at 7%.