Guideline Value for Dasarathapuram 5th Street

Dasarathapuram 5th Street guideline value

The current guideline value of Dasarathapuram 5th 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 it falls under the Residential Class II Type - II land classification.

How the guideline value of Dasarathapuram 5th Street has changed

The guideline value for Dasarathapuram 5th Street has seen several revisions over the years. In 2002, the guideline value was Rs 305 per sq.ft, which increased to Rs 700 per sq.ft in 2003, marking a 130% increase. The value further climbed to Rs 1,250 per sq.ft in 2007, reflecting a 79% rise. By 2012, the guideline value was Rs 3,500 per sq.ft, showing a significant increase of 180% from the previous revision. However, in 2017, it decreased to Rs 2,345 per sq.ft, which was a 33% drop. The value then rose to Rs 3,500 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 3,850 per sq.ft, a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1162%. The register has no figure for the years not mentioned above.

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 for these streets is Rs 4,400 per sq.ft, which means that the 2024 figure for Dasarathapuram 5th Street is below the median.

• Dasarathapuram 4th Street: Rs 3,850 per sq.ft (2024)
• Dasarathapuram 6th Street: Rs 3,850 per sq.ft (2024)
• Dasarathapuram 3rd Street: Rs 3,850 per sq.ft (2024)
• Dasarathapuram 7th Street: Rs 3,850 per sq.ft (2024)
• Dasarathapuram 2nd Street: Rs 3,850 per sq.ft (2024)
• Dasarathapuram 8th Street: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Dasarathapuram 5th 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, bringing the total cost together to Rs 3,46,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Dasarathapuram 5th Street?

The Sub Registrar Office that covers Dasarathapuram 5th 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 plays a crucial role in property transactions, as it serves as the basis for calculating stamp duty and registration fees. When a property is bought or sold, the guideline value is referenced to ensure that the appropriate taxes are paid during the registration process.

It is essential for buyers and sellers to be aware of the current guideline value, as it can impact the overall cost of the transaction. The guideline value ensures transparency and standardization in property dealings within the region.

Frequently asked questions

What is the current guideline value of Dasarathapuram 5th Street?

The current guideline value of Dasarathapuram 5th 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 several times, starting from Rs 305 per sq.ft in 2002 to Rs 3,850 per sq.ft in 2024, reflecting an overall increase of 1162% over this period.

What is the land classification for Dasarathapuram 5th Street?

Dasarathapuram 5th Street falls under the Residential Class II Type - II land classification.

Which Sub Registrar Office covers this area?

The Virugambakkam Sub Registrar Office covers Dasarathapuram 5th Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the 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, a property valued at Rs 38,50,000 would incur a stamp duty of Rs 2,69,500 at a rate of 7%.