Guideline Value for Dawood Street

Dawood Street guideline value

The current guideline value of Dawood Street, located in Triplicane village, is Rs 6,600 per sq.ft, effective from 1 July 2024. This street falls under the Triplicane SRO and is classified as Residential Class I Type - I.

How the guideline value of Dawood Street has changed

The guideline value for Dawood Street has seen several revisions over the years. Starting from Rs 508 per sq.ft in 2002, it increased to Rs 558 per sq.ft in 2003, marking a 10% rise. In 2007, the value surged to Rs 945 per sq.ft, representing a significant increase of 69%. The 2012 revision saw the value remain at Rs 6,000 per sq.ft, which was a decrease of 33% from the previous figure.

Following this, the guideline value rose to Rs 4,020 per sq.ft in 2017, showing a 49% increase. The 2023 revision set the value at Rs 6,000 per sq.ft. Finally, the current revision in 2024 has increased the value to Rs 6,600 per sq.ft, reflecting a 10% increase from the previous year. There are no figures available for the revisions in years not listed.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that carry a 2024 guideline value ranging from Rs 2,700 to Rs 20,900 per sq.ft, with a median value of Rs 6,600 per sq.ft. Dawood Street's 2024 figure aligns with this median.

• Dera Venkatasamy Street: Rs 6,600 per sq.ft (2024)
• Devaraja Mudali Street: Rs 7,700 per sq.ft (2024)
• C.N.Krishna Swami Road: Rs 8,800 per sq.ft (2024)
• C.N.Krishna Swami Lane: Rs 7,700 per sq.ft (2024)
• Club House Road: Rs 14,300 per sq.ft (2024)
• Chinnathambi Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Dawood Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, together totaling Rs 5,94,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dawood Street?

The Sub Registrar Office that covers Dawood Street is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Triplicane. It is used to determine the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction.

When a property is sold, the guideline value is considered alongside the sale price. The higher of the two amounts is used to calculate the applicable duties and fees, ensuring that the registration process is aligned with the official valuation set by the government.

Frequently asked questions

What is the current guideline value of Dawood Street?

The current guideline value of Dawood Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value of Dawood Street changed over the years?

The guideline value has changed from Rs 508 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, showing a significant overall increase of 1199% over the years.

What is the land classification for Dawood Street?

Dawood Street is classified as Residential Class I Type - I under the Triplicane SRO.

Where is the Sub Registrar Office for Dawood Street located?

The Sub Registrar Office for Dawood Street is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How is stamp duty calculated for properties in Dawood Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees can be calculated accordingly.