Guideline Value for Dutha Street

Dutha Street guideline value

The current guideline value of Dutha Street, located in Velachery village under the Velacheri SRO, is Rs 3,850 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - III.

How the guideline value of Dutha Street has changed

The guideline value for Dutha Street has undergone several revisions over the years. The earliest recorded revision is from 2007, where the value was Rs 1,500 per sq.ft. This figure saw a significant increase to Rs 3,500 per sq.ft in the 2012 revision, which remained unchanged until the 2023 revision. In 2023, the value was again Rs 3,500 per sq.ft, but it increased by 10% to Rs 3,850 per sq.ft in the 2024 revision.

Overall, from 2007 to 2024, the guideline value has increased by 157%. Notably, there are no recorded figures for Dutha Street in the revisions of 2002, 2003, and 2017.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO, with guideline values ranging from Rs 3,300 to Rs 13,200 per sq.ft as per the 2024 revision. The median value for these streets is Rs 4,400 per sq.ft, placing Dutha Street's 2024 guideline value below this median.

• East Mada Lane: Rs 4,400 per sq.ft (2024)
• East Mada Veedhi/Street: Rs 4,400 per sq.ft (2024)
• D.S.P. Street: Rs 3,850 per sq.ft (2024)
• E.B. Colony: Rs 4,400 per sq.ft (2024)
• E.B. Colony 1st Cross Street: Rs 4,400 per sq.ft (2024)
• E.B. Colony 1st Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Dutha Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total cost for these fees to Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Dutha Street?

Dutha Street falls under the jurisdiction of the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during property registration in Velachery. It is used to determine the stamp duty and registration fees applicable when buying or selling a property. Buyers should be aware that the fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for both buyers and sellers, as it ensures compliance with local regulations and accurate fee assessment during the registration process.

Frequently asked questions

What is the current guideline value of Dutha Street?

The current guideline value of Dutha Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2007 to Rs 3,850 per sq.ft in 2024, reflecting an overall increase of 157% since 2007.

What are the stamp duty and registration fees for property in Dutha Street?

For a property valued at Rs 38,50,000, the stamp duty would be Rs 2,69,500 and the registration fee would be Rs 77,000, totaling Rs 3,46,500.

Which office handles registrations for Dutha Street?

The Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042, handles registrations for Dutha Street.

What is the land classification for Dutha Street?

Dutha Street is classified as Residential Class II Type - III, which is relevant for determining its guideline value and applicable regulations.