Guideline Value for Dasarathapuram 4th Street

Dasarathapuram 4th Street guideline value

The current guideline value of Dasarathapuram 4th Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Saligramam village and falls under the Virugambakkam SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Dasarathapuram 4th Street has changed

Over the years, the guideline value of Dasarathapuram 4th Street has seen significant changes. In 2002, the guideline value was Rs 272 per sq.ft. This increased to Rs 700 per sq.ft in 2003, marking a rise of 157%. The value continued to rise, reaching Rs 1,250 per sq.ft in 2007, which was an increase of 79%. The 2012 revision saw the value remain at Rs 3,500 per sq.ft, but it dropped to Rs 2,345 per sq.ft in 2017, a decrease of 33%. The guideline value then increased to Rs 3,500 per sq.ft in 2023, followed by a further increase to the current Rs 3,850 per sq.ft in 2024, reflecting a 10% rise.

Overall, from 2002 to 2024, the guideline value has increased by 1315%. Notably, there are no figures available for the revisions in years other than those listed.

Guideline values in Saligramam

In Saligramam, there are 333 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median guideline value in this area is Rs 4,400 per sq.ft, making the current value of Dasarathapuram 4th Street below that median.

• Dasarathapuram 3rd Street: Rs 3,850 per sq.ft (2024)
• Dasarathapuram 5th Street: Rs 3,850 per sq.ft (2024)
• Dasarathapuram 2nd Street: Rs 3,850 per sq.ft (2024)
• Dasarathapuram 6th Street: Rs 3,850 per sq.ft (2024)
• Dasarathapuram 1st 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 4th 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, bringing the total cost to 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 4th Street?

The Dasarathapuram 4th Street is covered by 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 during property registration in Saligramam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the transaction.

When a property is sold, the registration office uses the guideline value to calculate applicable fees, including stamp duty and registration charges. This ensures that the transaction reflects the official valuation set by the government.

Frequently asked questions

What is the current guideline value of Dasarathapuram 4th Street?

The current guideline value of Dasarathapuram 4th 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% over the years.

What is the land classification for Dasarathapuram 4th Street?

Dasarathapuram 4th Street is classified as Residential Class II Type - II.

Which Sub Registrar Office covers this area?

The Virugambakkam Sub Registrar Office covers Dasarathapuram 4th Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 2,69,500 at a rate of 7%.