Guideline Value for Dravupathi Street

Dravupathi Street guideline value

The current guideline value of Dravupathi Street in Peerklankaranai village, under the Tambaram Joint 1 SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class II Type - I.

How the guideline value of Dravupathi Street has changed

The guideline value for Dravupathi Street has seen several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 1,000 per sq.ft. This was followed by a decrease to Rs 670 per sq.ft in the 2017 revision. The 2023 revision saw an increase to Rs 1,000 per sq.ft, and the most recent revision in 2024 raised it further to Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

In summary, from 2012 to 2024, the overall change in the guideline value is +10%. The changes between the revisions include a significant increase of 49% from 2017 to 2023, and a decrease of 33% from 2012 to 2017. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 880 to Rs 4,400 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, placing Dravupathi Street's 2024 figure below that median.

• Elangovan Street: Rs 1,320 per sq.ft (2024)
• Devanesan Nagar Nehru Street: Rs 1,320 per sq.ft (2024)
• Devanesan Nagar Main Road Extn: Rs 1,320 per sq.ft (2024)
• Devanesan Nagar Kumaran Street: Rs 1,100 per sq.ft (2024)
• Devanesan Nagar Kanndhasan Street: Rs 1,100 per sq.ft (2024)
• Devanesan Nagar Kambar Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Dravupathi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total charges to Rs 99,000. 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 Dravupathi Street?

The Sub Registrar Office that covers Dravupathi Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor when registering property transactions in Peerklankaranai. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is compared with the sale price; the higher of the two is used to calculate the applicable duties and fees. This process helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Dravupathi Street?

The current guideline value of Dravupathi Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Dravupathi Street?

Dravupathi Street is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

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

For a 1,000 sq.ft plot, the guideline value is Rs 11,00,000, leading to a stamp duty of Rs 77,000 and a registration fee of Rs 22,000, totaling Rs 99,000.

Which Sub Registrar Office covers the registration for Dravupathi Street?

The Tambaram Joint 1 Sub Registrar Office covers Dravupathi Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.