Guideline Value for D.G. Nagar

D.G. Nagar guideline value

The current guideline value of D.G. Nagar, located in Soorapattu village under the Ambattur SRO, is Rs 1,900 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of D.G. Nagar has changed

The guideline value of D.G. Nagar has undergone several revisions over the years. In 2012, the guideline value was set at Rs 1,800 per sq.ft. This figure was then revised to Rs 1,206 per sq.ft in 2017, marking a decrease of 33%. The subsequent revision in 2023 increased the value to Rs 1,800 per sq.ft, and the latest revision in 2024 has set it at Rs 1,900 per sq.ft, reflecting a 6% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 6%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Soorapattu

In Soorapattu village, there are 115 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,100 per sq.ft, with a median value of Rs 1,300 per sq.ft. D.G. Nagar's 2024 figure of Rs 1,900 per sq.ft is above this median.

• DEE GEE Nagar Anex: Rs 1,900 per sq.ft (2024)
• Colony Street: Rs 1,200 per sq.ft (2024)
• Chandra Park-Layout: Rs 1,900 per sq.ft (2024)
• Brittania Nagar: Rs 1,400 per sq.ft (2024)
• Ezhil Nagar: Rs 1,900 per sq.ft (2024)
• Bhavani Amman Koil Street: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in D.G. Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total charges to Rs 1,71,000. It's important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers D.G. Nagar?

The Sub Registrar Office covering D.G. Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Soorapattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is transparent and fair.

During the registration, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of D.G. Nagar?

The current guideline value of D.G. Nagar is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then back to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,900 per sq.ft in 2024.

What are the other streets in Soorapattu with their guideline values?

Other streets in Soorapattu include DEE GEE Nagar Anex and Chandra Park-Layout, both at Rs 1,900 per sq.ft, Colony Street at Rs 1,200 per sq.ft, Brittania Nagar at Rs 1,400 per sq.ft, Ezhil Nagar at Rs 1,900 per sq.ft, and Bhavani Amman Koil Street at Rs 1,200 per sq.ft.

What is the stamp duty for property in D.G. Nagar?

The stamp duty for property in D.G. Nagar is calculated at 7% of the guideline value. For a 1,000 sq.ft plot, this would amount to Rs 1,33,000.

Which office handles registrations for D.G. Nagar?

The Ambattur Sub Registrar Office handles registrations for D.G. Nagar, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.