Guideline Value for D.K.R NAGAR

D.K.R Nagar guideline value

The current guideline value of D.K.R Nagar, located in Minjur village under the Ponneri SRO, is Rs 1,320 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of D.K.R Nagar has changed

The guideline value for D.K.R Nagar has seen significant changes over the years. The earliest recorded revision available is from 2017, where the value was Rs 804 per sq.ft. This figure increased to Rs 1,200 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has set the guideline value at Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for D.K.R Nagar.

Guideline values in Minjur

In Minjur, there are 179 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,320 per sq.ft, with a median value of Rs 550 per sq.ft. D.K.R Nagar's 2024 figure is notably above this median.

• Dhanabagyam Nagar: Rs 770 per sq.ft (2024)
• Deva Avenue: Rs 550 per sq.ft (2024)
• D.V.S. Nagar: Rs 440 per sq.ft (2024)
• Deepika Avenue: Rs 580 per sq.ft (2024)
• D.B.R Nagar: Rs 550 per sq.ft (2024)
• C.S.S. Chetty Nagar Part: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in D.K.R Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty is charged at 7%, resulting in Rs 92,400, while the registration fee at 2% amounts to Rs 26,400. The total cost for these fees together is Rs 1,18,800. It is essential to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers D.K.R Nagar?

The Sub Registrar Office covering D.K.R Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. For more information, you can find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Minjur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. These fees are based on the higher of the guideline value or the actual sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of D.K.R Nagar?

The current guideline value of D.K.R Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 804 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024, marking an overall increase of 64% over this period.

What are the stamp duty and registration fees for property in D.K.R Nagar?

For a property valued at Rs 13,20,000, the stamp duty is Rs 92,400 at 7%, and the registration fee is Rs 26,400 at 2%, totaling Rs 1,18,800.

Which office handles property registrations in D.K.R Nagar?

The Ponneri Sub Registrar Office is responsible for property registrations in D.K.R Nagar, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

What is the significance of guideline value in property transactions?

The guideline value is used as a reference point for determining the minimum price at which a property can be registered, impacting the calculation of stamp duty and registration fees during property transactions.