Guideline Value for V.P.Dasarathan Street

V.P.Dasarathan Street guideline value

The current guideline value of V.P.Dasarathan Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Saligramam village, under the Virugambakkam SRO, and is classified as Residential Class III Type - I.

How the guideline value of V.P.Dasarathan Street has changed

The guideline value for V.P.Dasarathan Street has seen several revisions over the years. In 2002, the value was Rs 420 per sq.ft, which increased to Rs 459 per sq.ft in 2003. Following this, the value rose significantly to Rs 850 per sq.ft in 2007, and then saw a substantial jump to Rs 3,000 per sq.ft in 2012. However, it decreased to Rs 2,010 per sq.ft in 2017. The value then increased to Rs 3,000 per sq.ft in 2023, and currently stands at Rs 3,300 per sq.ft from the 2024 revision.

Between the revisions, notable changes include a 10% increase from 2023 to 2024, a 49% increase from 2017 to 2023, a decrease of 33% from 2012 to 2017, a remarkable 253% increase from 2007 to 2012, an 85% increase from 2003 to 2007, and a 9% increase from 2002 to 2003. Overall, from 2002 to 2024, the guideline value has increased by 686%.

Guideline values in Saligramam

In Saligramam, there are 333 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,750 to Rs 13,200 per sq.ft as of 2024. The median value for these streets is Rs 4,400 per sq.ft, indicating that V.P.Dasarathan Street's 2024 figure is below this median.

• V.V.Koil Street: Rs 3,300 per sq.ft (2024)
• West Mada Street: Rs 3,300 per sq.ft (2024)
• Vivekanandar Street: Rs 4,400 per sq.ft (2024)
• Vitalachari Street: Rs 2,750 per sq.ft (2024)
• Yegambaram Street: Rs 3,300 per sq.ft (2024)
• Yerikkarai Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in V.P.Dasarathan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, making the total cost for these fees Rs 2,97,000. 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 more information on calculating these fees.

Which Sub Registrar Office covers V.P.Dasarathan Street?

The Sub Registrar Office covering V.P.Dasarathan Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Saligramam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is in line with government regulations.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial implications of their transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of V.P.Dasarathan Street?

The current guideline value of V.P.Dasarathan Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 420 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 686% over this period.

What is the land classification for V.P.Dasarathan Street?

V.P.Dasarathan Street is classified as Residential Class III Type - I, which indicates its designated use for residential purposes.

Where can I find the Sub Registrar Office for V.P.Dasarathan Street?

The Sub Registrar Office for V.P.Dasarathan Street is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How are stamp duty and registration fees calculated for properties?

Stamp duty and registration fees are calculated based on the guideline value or the sale price of the property, whichever is higher. For example, the fees for a 1,000 sq.ft plot at the current guideline value would total Rs 2,97,000.