Guideline Value for Dhamodaran Street

Dhamodaran Street guideline value

The current guideline value of Dhamodaran Street, located in Adambakkam village under the Alandur SRO, is Rs 2,800 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - II land classification.

How the guideline value of Dhamodaran Street has changed

The guideline value for Dhamodaran Street has undergone several revisions over the years. The earliest recorded guideline value in 2002 was Rs 328 per sq.ft, which increased to Rs 374 per sq.ft in 2003, marking a 14% rise. Following this, the value saw a significant increase to Rs 650 per sq.ft in 2007, reflecting a 74% change. In 2012, the guideline value was Rs 2,500 per sq.ft, which was a substantial 285% increase from the previous revision.

From 2012 to 2017, the guideline value decreased to Rs 1,675 per sq.ft, representing a decline of 33%. However, the value rebounded to Rs 2,500 per sq.ft in 2023, showing a 49% increase. The most recent revision in 2024 set the guideline value at Rs 2,800 per sq.ft, which is a 12% increase from the 2023 figure. There are no figures available for revisions in years not mentioned in this register.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 3,900 per sq.ft, placing Dhamodaran Street's 2024 figure below that median.

• Devaraja Puram: Rs 3,900 per sq.ft (2024)
• Daniel Street: Rs 3,900 per sq.ft (2024)
• Co-operative Nagar: Rs 5,000 per sq.ft (2024)
• Citylink Road: Rs 5,500 per sq.ft (2024)
• East Vellalar 1st Street: Rs 5,000 per sq.ft (2024)
• East Vellalar 2nd Street: Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Dhamodaran Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, making the total cost for these fees Rs 2,52,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dhamodaran Street?

The Sub Registrar Office that covers Dhamodaran Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Adambakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction. Buyers and sellers should be aware of the current guideline value to ensure they are compliant with local regulations.

When a property is registered, the guideline value is used to calculate the applicable fees. This ensures that both parties are clear on the financial obligations involved in the transaction, based on the official valuation set by the government.

Frequently asked questions

What is the current guideline value of Dhamodaran Street?

The current guideline value of Dhamodaran Street is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 328 per sq.ft in 2002 to Rs 2,800 per sq.ft in 2024, reflecting an overall increase of 754% since 2002.

What is the land classification for Dhamodaran Street?

Dhamodaran Street is classified under Residential Class II Type - II, which indicates its intended use for residential purposes.

Where is the Alandur Sub Registrar Office located?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value results in a total fee of Rs 2,52,000 for stamp duty and registration.