Guideline Value for D.R.N Nagar

D.R.N Nagar guideline value

The current guideline value of D.R.N Nagar, located in Karanaipuducheri village under the Gooduvancheri SRO, is Rs 1,200 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.R.N Nagar has changed

The guideline value for D.R.N Nagar has undergone several revisions over the years. The latest revision in 2024 maintains the value at Rs 1,200 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 804 per sq.ft, marking a significant increase of 49% from the 2017 figure to the 2023 figure. The 2012 revision also had a guideline value of Rs 1,200 per sq.ft, but there was a decrease of 33% from 2012 to 2017.

Additionally, the register does not contain figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 1,200 per sq.ft.

Guideline values in Karanaipuducheri

In Karanaipuducheri, there are 108 streets under the Gooduvancheri SRO that carry a guideline value for 2024, ranging from Rs 400 to Rs 2,239 per sq.ft. The median value for these streets is Rs 802 per sq.ft, indicating that D.R.N Nagar's current guideline value is above this median.

• Dr.Srinivasan Nagar: Rs 700 per sq.ft (2024)
• Durga Nagar: Rs 1,500 per sq.ft (2024)
• Dilshath Nagar: Rs 800 per sq.ft (2024)
• Dharsan Aalayam: Rs 1,200 per sq.ft (2024)
• Dhamodara Nagar: Rs 700 per sq.ft (2024)
• Devanshi Nagar: Rs 1,200 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty, charged at 7%, would amount to Rs 84,000, while the registration fee at 2% would be Rs 24,000. Together, the total cost for these fees would be Rs 1,08,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more precise calculations.

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

The D.R.N Nagar area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Karanaipuducheri. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property transaction occurs, the guideline value is compared with the sale price. The higher of the two is used to calculate the applicable stamp duty and registration fees, ensuring that all transactions are recorded fairly and transparently.

Frequently asked questions

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

The current guideline value of D.R.N Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,200 per sq.ft from 2012 to 2024, with a significant increase of 49% from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023.

What is the land classification for D.R.N Nagar?

The land classification for D.R.N Nagar is Residential Special Type - I, indicating its intended use for residential purposes.

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

The Gooduvancheri Sub Registrar Office covers D.R.N Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is stamp duty calculated for property in D.R.N Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 12,00,000, the stamp duty at 7% would be Rs 84,000.