Guideline Value for Darma Thottam

Darma Thottam guideline value

The current guideline value for Darma Thottam in Irumpuliyur village is Rs 2,530 per sq.ft, effective from 1 July 2024. This area falls under the Tambaram Joint 1 SRO and is classified as Residential Special Type - I.

How the guideline value of Darma Thottam has changed

The guideline value for Darma Thottam has seen significant changes over the years. In 2007, the value was Rs 650 per sq.ft, which increased to Rs 2,300 per sq.ft in 2012, marking a substantial rise of 254%. However, it then decreased to Rs 1,541 per sq.ft in 2017, reflecting a drop of 33%. The value rose again to Rs 2,300 per sq.ft in 2023, before reaching the current value of Rs 2,530 per sq.ft in 2024, a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 289%. 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 guideline values for 2024 ranging from Rs 880 to Rs 6,600 per sq.ft. The median value is Rs 2,200 per sq.ft, placing Darma Thottam's 2024 figure above this median.

• 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)
• 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

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, while the registration fee at 2% would be Rs 50,600. Together, the total cost for these fees would be Rs 2,27,700. It is important to note that 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 more detailed calculations.

Which Sub Registrar Office covers Darma Thottam?

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

To find your SRO, you can visit find your SRO.

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 serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded fairly and transparently. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Darma Thottam?

The current guideline value of Darma Thottam 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, from Rs 650 per sq.ft in 2007 to Rs 2,530 per sq.ft in 2024, representing an overall increase of 289%.

What are the other streets with guideline values in Irumpuliyur?

Other streets in Irumpuliyur include Darma Thottam 1st Street and Darma Thottam 2nd Street (Bharathidasan Street), both valued at Rs 2,530 per sq.ft in 2024.

What is the stamp duty rate for properties in Darma Thottam?

The stamp duty rate for properties in Darma Thottam is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Darma Thottam?

The Sub Registrar Office for Darma Thottam is located at No.26, Mes Road, East Tambaram, Chennai-600059, under the Chengalpattu registration zone.