Guideline Value for D.M.Nagar

D.M.Nagar guideline value

The current guideline value of D.M.Nagar, located in Matthur village under the Thiruvottiyur SRO, is Rs 2,276 per sq.ft. This value is effective from the 2024 revision, which came into effect on 1 July 2024. The land classification for this area is Residential Special Type - V.

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

Over the years, the guideline value of D.M.Nagar has remained consistent. The 2017 revision set the guideline value at Rs 2,276 per sq.ft, which was maintained in the subsequent 2023 revision. The most recent revision in 2024 also reflects the same value of Rs 2,276 per sq.ft, indicating no change between these years.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Therefore, the only revisions with recorded values are from 2017, 2023, and 2024, all maintaining the same guideline value.

Guideline values in Matthur

In Matthur, there are 66 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,300 per sq.ft. The median guideline value for the village is Rs 1,100 per sq.ft, placing D.M.Nagar's 2024 figure above this median.

• C K M Nagar: Rs 1,100 per sq.ft (2024)
• Eswari Nagar: Rs 1,100 per sq.ft (2024)
• Chinnaswamy Nagar/ Ext: Rs 1,100 per sq.ft (2024)
• Gandhi Nagar: Rs 1,100 per sq.ft (2024)
• Ganesh Nagar: Rs 1,100 per sq.ft (2024)
• Bhuvaneshwari Nagar: Rs 1,100 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,276 per sq.ft, the total guideline value amounts to Rs 22,76,000. The stamp duty at 7% would be Rs 1,59,320, and the registration fee at 2% would be Rs 45,520, bringing the total for these charges to Rs 2,04,840. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers D.M.Nagar?

The Sub Registrar Office that covers D.M.Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Matthur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

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

The current guideline value of D.M.Nagar is Rs 2,276 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of D.M.Nagar has remained at Rs 2,276 per sq.ft since the 2017 revision, with no changes noted in the 2023 and 2024 revisions.

What are the other streets in Matthur and their guideline values?

Other streets in Matthur include C K M Nagar, Eswari Nagar, Chinnaswamy Nagar/ Ext, Gandhi Nagar, Ganesh Nagar, and Bhuvaneshwari Nagar, all of which have a guideline value of Rs 1,100 per sq.ft as of 2024.

What fees are associated with property transactions in D.M.Nagar?

When transacting property in D.M.Nagar, buyers need to pay stamp duty at 7% and a registration fee at 2% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for D.M.Nagar?

The Sub Registrar Office for D.M.Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.