Guideline Value for D K Naidu Nagar

D K Naidu Nagar guideline value

The current guideline value of D K Naidu Nagar is Rs 1,800 per sq.ft, effective from 1 July 2024. This property is located in Sriperumbudur A village under the Sriperumpudur SRO, classified as Residential Special Type - I.

How the guideline value of D K Naidu Nagar has changed

The guideline value for D K Naidu Nagar has undergone several revisions over the years. The 2017 revision set the value at Rs 1,206 per sq.ft. This value remained unchanged in the 2023 revision, and the current 2024 revision also maintains the guideline value at Rs 1,800 per sq.ft, reflecting an overall increase of 49% from 2017 to 2024.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. The 2023 to 2024 revision saw no change, with a 0% increase noted.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median value for these streets is Rs 700 per sq.ft, placing D K Naidu Nagar's 2024 figure above this median.

• D.K. Nagar: Rs 700 per sq.ft (2024)
• Doctors vijayam township: Rs 1,500 per sq.ft (2024)
• Doorvani Avenue: Rs 700 per sq.ft (2024)
• Dhanthondry Amman koil Street: Rs 1,000 per sq.ft (2024)
• Devendra Nagar: Rs 700 per sq.ft (2024)
• Deva Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in D K Naidu Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,800 per sq.ft, the total guideline value would be Rs 18,00,000. The stamp duty at 7% would amount to Rs 1,26,000, and the registration fee at 2% would be Rs 36,000. Together, these fees total Rs 1,62,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers D K Naidu Nagar?

The Sub Registrar Office that covers D K Naidu Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Sriperumbudur A, as it determines the minimum value at which a property 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, which are mandatory costs associated with the transfer of property ownership. This ensures that both parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of D K Naidu Nagar?

The current guideline value of D K Naidu Nagar is Rs 1,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,800 per sq.ft from 2023 to 2024, with a significant increase of 49% from Rs 1,206 per sq.ft in 2017.

What are the other streets in Sriperumbudur A?

Other streets in Sriperumbudur A include D.K. Nagar, Doctors vijayam township, Doorvani Avenue, Dhanthondry Amman koil Street, Devendra Nagar, and Deva Nagar, each with their respective guideline values.

What is the stamp duty rate in D K Naidu Nagar?

The stamp duty rate in D K Naidu Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for D K Naidu Nagar located?

The Sub Registrar Office for D K Naidu Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.