Guideline Value for Dasarathan Street

Dasarathan Street guideline value

The current guideline value of Dasarathan Street in Neelankarai village is Rs 1,700 per sq.ft, effective from 1 July 2024. This street falls under the Neelankarai SRO and is classified as Residential Class III Type - I.

How the guideline value of Dasarathan Street has changed

The guideline value for Dasarathan Street has seen significant changes over the years. In 2002, the value was Rs 93 per sq.ft, which increased to Rs 102 per sq.ft in 2003. The value then rose to Rs 250 per sq.ft in 2007, marking a substantial increase of 145%. Following this, the value surged to Rs 1,500 per sq.ft in 2012, representing a remarkable 500% increase from the previous revision. However, it decreased to Rs 1,005 per sq.ft in 2017, a drop of 33%. The guideline value then climbed to Rs 1,500 per sq.ft in 2023, before reaching the current value of Rs 1,700 per sq.ft in 2024, which is an increase of 13% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1,728%. There are no figures available for the revisions in years other than those specified.

Guideline values in Neelankarai

In Neelankarai, there are 377 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 10,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Dasarathan Street's 2024 value below this median.

• Community Hall Street: Rs 1,700 per sq.ft (2024)
• Clri Ngaar Saraswathi Nagar West Extension: Rs 2,800 per sq.ft (2024)
• CLRI Nagar 9th Street: Rs 2,800 per sq.ft (2024)
• CLRI Nagar 8th Street: Rs 2,800 per sq.ft (2024)
• CLRI Nagar 7th Street: Rs 2,800 per sq.ft (2024)
• CLRI Nagar 6th Street: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Dasarathan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total cost for these fees to Rs 1,53,000. It is important to note that 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 Dasarathan Street?

The Dasarathan Street falls under the jurisdiction of the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Neelankarai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value of Dasarathan Street?

The current guideline value of Dasarathan Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 93 per sq.ft in 2002 to Rs 1,700 per sq.ft in 2024, which is an overall increase of 1,728%.

What is the classification of land on Dasarathan Street?

Dasarathan Street is classified as Residential Class III Type - I.

What are the stamp duty and registration fees for property on Dasarathan Street?

For a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000 and the registration fee would be Rs 34,000, totaling Rs 1,53,000.

Where is the Sub Registrar Office for Dasarathan Street located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.