Guideline Value for Dobikana

Dobikana guideline value

The current guideline value of Dobikana, located in Anakaputhur village under the Pammal SRO, is Rs 1,760 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Dobikana has changed

The guideline value for Dobikana has seen significant changes over the years. In 2003, the value was Rs 235 per sq.ft, which increased to Rs 300 per sq.ft in 2007. This was followed by a substantial rise to Rs 1,072 per sq.ft in 2017, marking a 257% increase from the previous revision. The value then rose to Rs 1,600 per sq.ft in 2023, reflecting a 49% increase from 2017. The most recent revision in 2024 set the guideline value at Rs 1,760 per sq.ft, a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2012 for this street. Overall, from 2003 to 2024, the guideline value has increased by 649%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft, with a median value of Rs 1,980 per sq.ft. The guideline value for Dobikana is below this median.

• Dr.Radhakrishnan Street (Balaji Nagar): Rs 2,350 per sq.ft (2024)
• Devarj Nagar Extn.,: Rs 1,980 per sq.ft (2024)
• Devaraj Street: Rs 1,760 per sq.ft (2024)
• Devaraj Nagar Pandiyan Street: Rs 1,980 per sq.ft (2024)
• Devaraj Nagar Extension 3rd Street: Rs 1,980 per sq.ft (2024)
• Devaraj Nagar Extension 2nd Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Dobikana

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, and the registration fee at 2% would be Rs 35,200. Together, the total fees would be Rs 1,58,400. It is important to note that the 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 further calculations.

Which Sub Registrar Office covers Dobikana?

The Sub Registrar Office that covers Dobikana is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Anakaputhur. It serves as a benchmark for determining the minimum value at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Dobikana?

The current guideline value of Dobikana is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 235 per sq.ft in 2003 to Rs 1,760 per sq.ft in 2024, marking an overall increase of 649% over this period.

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

For a property valued at Rs 17,60,000, the stamp duty would be Rs 1,23,200, and the registration fee would be Rs 35,200, totaling Rs 1,58,400.

Which office handles property registrations in Dobikana?

The Pammal Sub Registrar Office is responsible for property registrations in Dobikana, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum registration value for properties, impacting the calculation of stamp duty and registration fees during property transactions.