Guideline Value for Dasarathapuram 8th Street

Dasarathapuram 8th Street guideline value

The current guideline value of Dasarathapuram 8th 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 8th Street has changed

The guideline value for Dasarathapuram 8th Street has seen several revisions over the years. In 2002, the guideline value was Rs 424 per sq.ft. This figure increased to Rs 700 per sq.ft in 2003, marking a change of +65%. The value continued to rise, reaching Rs 1,250 per sq.ft in 2007, an increase of +79%. By 2012, the guideline value was Rs 3,500 per sq.ft, reflecting a significant increase of +180%. However, this value decreased to Rs 2,345 per sq.ft in 2017, a drop of -33%. The most recent revision in 2023 set the value at Rs 3,500 per sq.ft, which then increased to Rs 3,850 per sq.ft in 2024, showing a change of +10%.

There are no figures available for the revisions in years other than those listed above. Overall, from 2002 to 2024, the guideline value has increased by +808%.

Guideline values in Saligramam

In Saligramam, there are 333 streets under the Virugambakkam SRO that carry a 2024 guideline value, 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, placing Dasarathapuram 8th Street's 2024 figure below that median.

• Dasarathapuram 7th Street: Rs 3,850 per sq.ft (2024)
• Dasarathapuram Main Road: Rs 4,400 per sq.ft (2024)
• Dasarathapuram 6th Street: Rs 3,850 per sq.ft (2024)
• Dasarathapuram 5th Street: Rs 3,850 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 8th 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 stamp duty and registration 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 the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Dasarathapuram 8th Street?

The Sub Registrar Office that covers Dasarathapuram 8th Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering a property in Saligramam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction process.

When a property is sold, the guideline value is compared with the sale price to determine the applicable duties. The higher of the two values is used to calculate the stamp duty, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Dasarathapuram 8th Street?

The current guideline value of Dasarathapuram 8th 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 from Rs 424 per sq.ft in 2002 to Rs 3,850 per sq.ft in 2024, reflecting an overall increase of +808% over the years.

What is the land classification for Dasarathapuram 8th Street?

Dasarathapuram 8th Street is classified as Residential Class II Type - II.

What are the stamp duty and registration fees for properties in this area?

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

Which office do I need to visit for registration in this area?

The Virugambakkam Sub Registrar Office is responsible for property registrations in Dasarathapuram 8th Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.