Guideline Value for Dasarathapuram 6th Street

Dasarathapuram 6th Street guideline value

The current guideline value of Dasarathapuram 6th 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 6th Street has changed

The guideline value for Dasarathapuram 6th Street has undergone several revisions over the years. The earliest recorded figure is from 2002, where the value was Rs 305 per sq.ft. This increased to Rs 700 per sq.ft in 2003, marking a significant rise of 130%. The value continued to rise, reaching Rs 1,250 per sq.ft in 2007, an increase of 79%. In 2012, the guideline value was Rs 3,500 per sq.ft, which was a substantial jump of 180% from the previous revision. However, this figure saw a decrease of 33% to Rs 2,345 per sq.ft in 2017.

From 2017 to 2023, the value increased by 49%, bringing it to Rs 3,500 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 3,850 per sq.ft, reflecting a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 1162%. There are no figures available for revisions in the years not 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 as per the 2024 revision. The median guideline value in this area is Rs 4,400 per sq.ft, positioning Dasarathapuram 6th Street's 2024 figure below this median.

• Dasarathapuram 5th Street: Rs 3,850 per sq.ft (2024)
• Dasarathapuram 7th Street: Rs 3,850 per sq.ft (2024)
• Dasarathapuram 4th Street: Rs 3,850 per sq.ft (2024)
• Dasarathapuram 8th Street: Rs 3,850 per sq.ft (2024)
• Dasarathapuram 3rd Street: Rs 3,850 per sq.ft (2024)
• Dasarathapuram Main Road: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Dasarathapuram 6th 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 fees 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 6th Street?

The Sub Registrar Office that covers Dasarathapuram 6th 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 critical factor during the registration of property transactions in Saligramam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. This value is used to calculate the applicable stamp duty and registration fees, which are essential components of the registration process.

Frequently asked questions

What is the current guideline value of Dasarathapuram 6th Street?

The current guideline value of Dasarathapuram 6th 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 seen several revisions, with the most significant increase occurring from Rs 305 per sq.ft in 2002 to Rs 3,850 per sq.ft in 2024, an overall increase of 1162%.

What is the stamp duty for property in Dasarathapuram 6th Street?

The stamp duty for property in Dasarathapuram 6th Street is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Dasarathapuram 6th Street located?

The Sub Registrar Office for Dasarathapuram 6th Street is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What are the guideline values of other streets in Saligramam?

Other streets in Saligramam have varying guideline values, with Dasarathapuram 5th, 7th, 4th, 8th, and 3rd Streets all having a guideline value of Rs 3,850 per sq.ft in 2024, while Dasarathapuram Main Road is valued at Rs 4,400 per sq.ft.