Guideline Value for Dasarathapuram 7th Street

Dasarathapuram 7th Street guideline value

The current guideline value of Dasarathapuram 7th Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Saligramam village, 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 7th Street has changed

The guideline value for Dasarathapuram 7th Street has undergone several revisions over the years. In 2002, the value was Rs 466 per sq.ft, which increased to Rs 700 per sq.ft in 2003, marking a 50% increase. The value continued to rise, reaching Rs 1,250 per sq.ft in 2007, representing a 79% increase from the previous revision. By 2012, the value had increased to Rs 3,500 per sq.ft, reflecting a significant jump of 180% from 2007. However, it decreased to Rs 2,345 per sq.ft in 2017, a decline of 33% from the previous figure. The value then increased to Rs 3,500 per sq.ft in 2023, followed by a further increase to Rs 3,850 per sq.ft in 2024, a rise of 10%.

Overall, from 2002 to 2024, the guideline value has increased by 726%. There are no figures available for the revisions in the years not listed above.

Guideline values in Saligramam

In Saligramam, there are 333 streets under the Virugambakkam SRO, with guideline values for 2024 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 for Dasarathapuram 7th Street is below this median.

• Dasarathapuram 6th Street: Rs 3,850 per sq.ft (2024)
• Dasarathapuram 8th Street: Rs 3,850 per sq.ft (2024)
• Dasarathapuram 5th Street: Rs 3,850 per sq.ft (2024)
• Dasarathapuram Main Road: Rs 4,400 per sq.ft (2024)
• Dasarathapuram 4th Street: Rs 3,850 per sq.ft (2024)
• Dasarathapuram 3rd Street: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Dasarathapuram 7th 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 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 the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Dasarathapuram 7th Street?

The Sub Registrar Office that covers Dasarathapuram 7th 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 further assistance.

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. This ensures that the government receives the appropriate stamp duty and registration fees based on the guideline value.

When a buyer and seller agree on a sale price, the registration office will assess the guideline value to determine the applicable duties. If the sale price is lower than the guideline value, the duty will be calculated based on the guideline value, ensuring that the government receives the correct fees for the transaction.

Frequently asked questions

What is the current guideline value of Dasarathapuram 7th Street?

The current guideline value of Dasarathapuram 7th 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 466 per sq.ft in 2002 to Rs 3,850 per sq.ft in 2024, representing an overall increase of 726% over the years.

What is the stamp duty for property in Dasarathapuram 7th Street?

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

Which Sub Registrar Office is responsible for Dasarathapuram 7th Street?

The Virugambakkam Sub Registrar Office is responsible for Dasarathapuram 7th Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for Dasarathapuram 7th Street?

The land classification for Dasarathapuram 7th Street is Residential Class II Type - II.