Guideline Value for Dewan Bahadhur Shanmugam Street

Dewan Bahadhur Shanmugam Street guideline value

The current guideline value of Dewan Bahadhur Shanmugam Street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Dewan Bahadhur Shanmugam Street has changed

The guideline value has seen several revisions over the years. In 2007, the value was Rs 1,200 per sq.ft, which increased significantly to Rs 4,500 per sq.ft by 2012, marking a 275% rise. However, it then decreased to Rs 3,015 per sq.ft in 2017, a drop of 33%. By 2023, the value rose again to Rs 4,500 per sq.ft, and in the latest revision for 2024, it stands at Rs 4,900 per sq.ft, reflecting a 9% increase from the previous year.

Overall, from the 2007 revision to the current 2024 figure, the guideline value has increased by 308%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ayanavaram

In Ayanavaram, there are 369 streets under the AnnaNagar SRO with a 2024 guideline value ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median value is Rs 4,900 per sq.ft, which is the same as the current guideline value for Dewan Bahadhur Shanmugam Street.

• Devarajalu Naidu Street: Rs 4,900 per sq.ft (2024)
• Devarajalu Naidu Lane: Rs 4,900 per sq.ft (2024)
• Col. Sridhar Street, Chennai 82: Rs 4,400 per sq.ft (2024)
• Dr.Ambedkar Telugu Nagar & 1 &2 Street: Rs 2,700 per sq.ft (2024)
• Dr.Ambedkar Telugu Nagar 3rd Street: Rs 2,700 per sq.ft (2024)
• Dr.Radhakrishnan Nagar: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Dewan Bahadhur Shanmugam Street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total to Rs 4,41,000. Please note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dewan Bahadhur Shanmugam Street?

The Sub Registrar Office that covers Dewan Bahadhur Shanmugam Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated.

When a property is sold, if the sale price is higher than the guideline value, the stamp duty will be based on the sale price. Conversely, if the sale price is lower, the guideline value will be used for calculating the applicable duties.

Frequently asked questions

What is the current guideline value of Dewan Bahadhur Shanmugam Street?

The current guideline value of Dewan Bahadhur Shanmugam Street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,200 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of 308% over the years.

What is the registration office for this street?

The AnnaNagar Sub Registrar Office covers Dewan Bahadhur Shanmugam Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 49,00,000, the stamp duty would be Rs 3,43,000, and the registration fee would be Rs 98,000, totaling Rs 4,41,000.

Are there other streets with the same guideline value in Ayanavaram?

Yes, there are other streets in Ayanavaram with the same guideline value of Rs 4,900 per sq.ft, including Devarajalu Naidu Street and Devarajalu Naidu Lane.