Guideline Value for D.R.P. NAGAR

D.R.P. Nagar guideline value

The current guideline value of D.R.P. Nagar, located in Sekkadu village under the Avadi SRO, is Rs 2,250 per sq.ft, effective from 1 July 2024. This area is classified as Mixed Special Type - II.

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

The guideline value for D.R.P. Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 1,373 per sq.ft, which increased significantly to Rs 2,050 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 has further increased the guideline value to Rs 2,250 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 the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sekkadu

In Sekkadu, there are 56 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 930 to Rs 4,800 per sq.ft, with a median value of Rs 1,320 per sq.ft. D.R.P. Nagar's 2024 guideline value of Rs 2,250 per sq.ft is above this median.

• Driver's Colony: Rs 1,320 per sq.ft (2024)
• Duraikannu Nagar: Rs 1,075 per sq.ft (2024)
• Dhanalakshmi Nagar Annuxe: Rs 1,320 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 1,320 per sq.ft (2024)
• Eswaran Nagar: Rs 1,075 per sq.ft (2024)
• Devarajan Nagar: Rs 1,075 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,250 per sq.ft, the total guideline value would be Rs 22,50,000. The stamp duty at 7% would amount to Rs 1,57,500, and the registration fee at 2% would be Rs 45,000, bringing the total cost for these fees to Rs 2,02,500. It is essential to note that duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers D.R.P. Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in property transactions in Sekkadu, as it determines the amount of stamp duty and registration fees payable at the time of registration. Buyers and sellers must consider this value to ensure compliance with the legal requirements during property transactions.

When purchasing property, the guideline value serves as a benchmark for assessing the value of the property being sold. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of D.R.P. Nagar is Rs 2,250 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased by 64%, rising from Rs 1,373 per sq.ft to Rs 2,250 per sq.ft in 2024.

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

The stamp duty for a property at the guideline value of Rs 22,50,000 would be Rs 1,57,500, and the registration fee would be Rs 45,000, totaling Rs 2,02,500.

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

The Avadi Sub Registrar Office covers D.R.P. Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the land classification of D.R.P. Nagar?

D.R.P. Nagar is classified as Mixed Special Type - II, which is relevant for understanding its guideline value and land use regulations.