Guideline Value for Dasarathapuram 1st Street

Dasarathapuram 1st Street guideline value

The current guideline value of Dasarathapuram 1st Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Saligramam village under the Virugambakkam SRO and is classified as Residential Class II Type - II.

How the guideline value of Dasarathapuram 1st Street has changed

The guideline value of Dasarathapuram 1st Street has undergone several revisions over the years. In 2002, the guideline value was Rs 272 per sq.ft. This figure increased significantly to Rs 700 per sq.ft in 2003, marking a change of +157%. The value continued to rise, reaching Rs 1,250 per sq.ft in 2007, which was an increase of +79%. The next revision in 2012 saw the value drop to Rs 3,500 per sq.ft, a decrease of -33%. However, it rebounded to Rs 2,345 per sq.ft in 2017, showing a substantial increase of +49% from the previous revision. In 2023, the guideline value was Rs 3,500 per sq.ft, and it increased to Rs 3,850 per sq.ft in the 2024 revision, reflecting a +10% change.

There are no figures available for the years not mentioned in the revisions for this street. Overall, from 2002 to 2024, the guideline value has increased by +1315%.

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, placing Dasarathapuram 1st Street's 2024 figure below that median.

• Dasarathapuram 2nd Street: Rs 3,850 per sq.ft (2024)
• Dasarathapuram 3rd Street: Rs 3,850 per sq.ft (2024)
• Dasarathapuram 4th Street: Rs 3,850 per sq.ft (2024)
• Dasarathapuram 5th Street: Rs 3,850 per sq.ft (2024)
• Dasarathapuram 6th Street: Rs 3,850 per sq.ft (2024)
• Dasarathapuram 7th Street: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Dasarathapuram 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, leading to a total cost of Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dasarathapuram 1st Street?

The Sub Registrar Office that covers Dasarathapuram 1st Street 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 is a crucial factor in the registration process when buying or selling property in Saligramam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When a property is sold, the buyer and seller must consider the guideline value to ensure compliance with local regulations. The stamp duty is calculated based on the higher of the guideline value or the sale price, ensuring that the appropriate fees are collected during the transaction.

Frequently asked questions

What is the current guideline value of Dasarathapuram 1st Street?

The current guideline value of Dasarathapuram 1st Street is Rs 3,850 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 272 per sq.ft in 2002 to Rs 3,850 per sq.ft in 2024, reflecting an overall increase of +1315%.

What is the land classification for Dasarathapuram 1st Street?

Dasarathapuram 1st Street is classified as Residential Class II Type - II.

Where is the Virugambakkam Sub Registrar Office located?

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties in Saligramam?

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 38,50,000 would incur a stamp duty of Rs 2,69,500 at a rate of 7%.