Guideline Value for Dosspuram

Dosspuram guideline value

The current guideline value of Dosspuram is Rs 2,800 per sq.ft, effective from 1 July 2024. This area is located in Egmore village, under the Periamet SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Dosspuram has changed

The guideline value for Dosspuram has seen several revisions over the years. In 2003, the value was Rs 826 per sq.ft, which increased to Rs 1,200 per sq.ft in 2007. Following that, the value rose significantly to Rs 2,600 per sq.ft in 2012, before dropping to Rs 1,742 per sq.ft in 2017. The 2023 revision set the value at Rs 2,600 per sq.ft, and the most recent revision in 2024 increased it to Rs 2,800 per sq.ft. The register has no figure for the year 2002 for this street.

In terms of percentage changes, the value increased by 45% from 2003 to 2007, followed by a 117% rise from 2007 to 2012. However, there was a decline of 33% from 2012 to 2017. The value then surged by 49% from 2017 to 2023, and the latest revision from 2023 to 2024 reflects an 8% increase. Overall, the guideline value has increased by 239% from 2003 to 2024.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO with a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median value for these streets is Rs 7,100 per sq.ft, placing Dosspuram's 2024 figure below this median.

• Diwan Bahadur Rangachary Street: Rs 8,300 per sq.ft (2024)
• Dharmaraja Koil Street: Rs 8,300 per sq.ft (2024)
• Dr.Gurusamy Mudali Road: Rs 13,400 per sq.ft (2024)
• Driver Street: Rs 7,100 per sq.ft (2024)
• Dr.Muniyappa Cross Street: Rs 9,300 per sq.ft (2024)
• Dr.Muniyappa Road: Rs 13,400 per sq.ft (2024)

Stamp duty and registration fee for property in Dosspuram

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, bringing the total costs together to Rs 2,52,000. 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 more details.

Which Sub Registrar Office covers Dosspuram?

The Sub Registrar Office that covers Dosspuram is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Egmore. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duties.

When buying or selling property, the guideline value influences the calculation of stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which can significantly impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Dosspuram?

The current guideline value of Dosspuram 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 changed from Rs 826 per sq.ft in 2003 to Rs 2,800 per sq.ft in 2024, reflecting an overall increase of 239% over this period.

What is the median guideline value for streets in Egmore?

The median guideline value for streets in Egmore under the Periamet SRO is Rs 7,100 per sq.ft, with Dosspuram's value being below this median.

What are the stamp duty rates for property in Dosspuram?

The stamp duty rate for property transactions in Dosspuram is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Dosspuram located?

The Sub Registrar Office for Dosspuram is located at 1103, Poonamallee High Road, Chennai-600 003.