Guideline Value for Dasarathapuram Main Road

Dasarathapuram Main Road guideline value

The current guideline value of Dasarathapuram Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This road is located in Saligramam village and falls under the jurisdiction of the Virugambakkam SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Dasarathapuram Main Road has changed

Over the years, the guideline value of Dasarathapuram Main Road has seen significant changes. In 2002, the value was Rs 550 per sq.ft, which increased to Rs 900 per sq.ft in 2003, marking a 64% rise. The value further increased to Rs 1,250 per sq.ft in 2007, a change of 39%. The 2012 revision saw the value rise to Rs 4,000 per sq.ft, reflecting a substantial increase of 220% from the previous revision. However, from 2017 to 2023, the value jumped to Rs 4,000 per sq.ft, a decrease of 33% from Rs 2,680 per sq.ft in 2017. The latest revision in 2024 has set the value at Rs 4,400 per sq.ft, which is a 10% increase from the previous year.

It is important to note that the register has no figures for revisions in the years not listed. The overall increase from 2002 to 2024 stands at 700%.

Guideline values in Saligramam

In Saligramam, there are 333 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, which is the same as the current guideline value for Dasarathapuram Main Road.

• Dasarathapuram 8th Street: Rs 3,850 per sq.ft (2024)
• Dasarathapuram 7th Street: Rs 3,850 per sq.ft (2024)
• Dasarathapuram 6th Street: Rs 3,850 per sq.ft (2024)
• Dasarathapuram 5th Street: Rs 3,850 per sq.ft (2024)
• Dasarathapuram 4th Street: Rs 3,850 per sq.ft (2024)
• Dasarathapuram 3rd Street: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Dasarathapuram Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Dasarathapuram Main Road?

The Sub Registrar Office that covers Dasarathapuram Main Road is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Saligramam. It is used to determine the stamp duty and registration fees during the registration of property transactions. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements and to accurately assess their financial obligations.

When buying or selling property, it is essential to refer to the latest guideline value to avoid discrepancies during registration. The guideline value is set by the government and is subject to periodic revisions, reflecting changes in the real estate landscape.

Frequently asked questions

What is the current guideline value of Dasarathapuram Main Road?

The current guideline value of Dasarathapuram Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 550 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, marking a significant overall increase of 700% over this period.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles registrations for Dasarathapuram Main Road?

The Virugambakkam Sub Registrar Office handles registrations for Dasarathapuram Main Road, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for Dasarathapuram Main Road?

The land classification for Dasarathapuram Main Road is Residential Class II Type - I, indicating its suitability for residential purposes.