Guideline Value for Dasarathapuram 3rd Street

Dasarathapuram 3rd Street guideline value

The current guideline value of Dasarathapuram 3rd Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street 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 - II.

How the guideline value of Dasarathapuram 3rd Street has changed

The guideline value for Dasarathapuram 3rd Street has seen several revisions over the years. In 2002, the value was Rs 272 per sq.ft, which increased to Rs 700 per sq.ft in 2003, marking a significant rise of 157%. The value further increased to Rs 1,250 per sq.ft in 2007, reflecting a growth of 79%. In 2012, the value was Rs 3,500 per sq.ft, which was a notable increase of 180% from the previous revision. However, this value decreased by 33% to Rs 2,345 per sq.ft in 2017. The value then rose sharply to Rs 3,500 per sq.ft in 2023, followed by a 10% increase to the current value of Rs 3,850 per sq.ft in 2024.

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

Guideline values in Saligramam

In Saligramam, there are 333 streets under the Virugambakkam SRO, with 2024 guideline values 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, indicating that the guideline value of Dasarathapuram 3rd Street is below this median.

• Dasarathapuram 2nd Street: Rs 3,850 per sq.ft (2024)
• Dasarathapuram 4th Street: Rs 3,850 per sq.ft (2024)
• Dasarathapuram 1st 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 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, making the total cost for these fees Rs 3,46,500. It is important to note that the 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 details.

Which Sub Registrar Office covers Dasarathapuram 3rd Street?

The Dasarathapuram 3rd Street falls under the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Saligramam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction reflects the prevailing market conditions.

When registering a property, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Dasarathapuram 3rd Street?

The current guideline value of Dasarathapuram 3rd 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 increased from Rs 272 per sq.ft in 2002 to Rs 3,850 per sq.ft in 2024, reflecting an overall increase of 1315% over this period.

What is the land classification for Dasarathapuram 3rd Street?

The land classification for Dasarathapuram 3rd Street is Residential Class II Type - II.

How much would the stamp duty and registration fee be for a property in Dasarathapuram 3rd Street?

For a property valued at Rs 38,50,000, the stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, totaling Rs 3,46,500.

Which office handles registrations for Dasarathapuram 3rd Street?

The Virugambakkam Sub Registrar Office handles registrations for Dasarathapuram 3rd Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.