Guideline Value for Dobi Street

Dobi Street guideline value

The current guideline value of Dobi Street in Ayappakkam village, under the Ambattur SRO, is Rs 1,300 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - I land classification.

How the guideline value of Dobi Street has changed

The guideline value for Dobi Street has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 600 per sq.ft. This increased significantly to Rs 1,200 per sq.ft in 2012, but then dropped to Rs 804 per sq.ft in 2017. The value rose again to Rs 1,200 per sq.ft in 2023 and has now reached Rs 1,300 per sq.ft in the 2024 revision, marking an 8% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. The increase from 2012 to 2017 was a decrease of 33%. Overall, from 2007 to 2024, the guideline value has increased by 117%. The register has no figures for Dobi Street for the years 2002 and 2003.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO, with guideline values ranging from Rs 550 to Rs 4,000 per sq.ft. The median guideline value is Rs 1,300 per sq.ft, which aligns with the current value for Dobi Street.

• Dharma Nagar 2nd street: Rs 990 per sq.ft (2024)
• Dharma Nagar 1st street: Rs 990 per sq.ft (2024)
• Dharma Nagar: Rs 990 per sq.ft (2024)
• Devi Nagar: Rs 1,100 per sq.ft (2024)
• Church Street: Rs 1,100 per sq.ft (2024)
• Church Cross Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Dobi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Dobi Street?

The Sub Registrar Office that covers Dobi Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Ayappakkam. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. It is essential for both buyers and sellers to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Dobi Street?

The current guideline value of Dobi Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, showing an overall increase of 117% over the years.

What is the land classification for Dobi Street?

Dobi Street is classified under Residential Class I Type - I, which indicates its suitability for residential purposes.

What is the stamp duty for property in Dobi Street?

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

Where can I find the Sub Registrar Office for Dobi Street?

The Sub Registrar Office covering Dobi Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.