Guideline Value for D.J.M. Nagar

D.J.M. Nagar guideline value

The current guideline value of D.J.M. Nagar is Rs 350 per sq.ft, effective from 1 July 2024. This area is located in Vadamelpakkam village under the Gooduvancheri SRO, classified as Residential Special Type - I.

How the guideline value of D.J.M. Nagar has changed

The guideline value for D.J.M. Nagar has seen several revisions over the years. In the 2007 revision, the value was Rs 260 per sq.ft, which increased to Rs 350 per sq.ft in the 2012 revision. However, it then decreased to Rs 234 per sq.ft in the 2017 revision. The 2023 revision maintained the value at Rs 350 per sq.ft, and the same value continues in the 2024 revision, showing no change from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 35%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Vadamelpakkam

In Vadamelpakkam, there are 19 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 350 to Rs 1,000 per sq.ft. The median value for these streets is Rs 350 per sq.ft, which is equal to the 2024 figure for D.J.M. Nagar.

• Galaxy Divine castle: Rs 650 per sq.ft (2024)
• Ganthi Nagar: Rs 350 per sq.ft (2024)
• Anna Nagar Annex: Rs 350 per sq.ft (2024)
• Anna Nagar: Rs 350 per sq.ft (2024)
• Aishwarya Nagar: Rs 350 per sq.ft (2024)
• Kannaya Garden: Rs 975 per sq.ft (2024)

Stamp duty and registration fee for property in D.J.M. Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, bringing the total fees to Rs 31,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers D.J.M. Nagar?

The Sub Registrar Office that covers D.J.M. Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Vadamelpakkam. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of D.J.M. Nagar?

The current guideline value of D.J.M. Nagar is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 350 per sq.ft since the 2023 revision. It increased from Rs 234 per sq.ft in 2017 to Rs 350 in 2012, but it has seen no change from 2023 to 2024.

What is the median guideline value in Vadamelpakkam?

The median guideline value in Vadamelpakkam is Rs 350 per sq.ft, which is the same as the 2024 figure for D.J.M. Nagar.

What are the stamp duty and registration fees for property in D.J.M. Nagar?

For a property valued at Rs 3,50,000, the stamp duty would be Rs 24,500 and the registration fee would be Rs 7,000, totaling Rs 31,500.

Which office handles registrations for D.J.M. Nagar?

The Gooduvancheri Sub Registrar Office handles registrations for D.J.M. Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.