Guideline Value for D.R.R Nagar 1st Street

D.R.R Nagar 1st Street guideline value

The current guideline value of D.R.R Nagar 1st Street is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Kaduvancheri village, under the jurisdiction of the Sriperumpudur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of D.R.R Nagar 1st Street has changed

The guideline value for D.R.R Nagar 1st Street has seen several revisions over the years. In the 2012 revision, the value was set at Rs 250 per sq.ft. This remained unchanged until the 2017 revision, where it dropped to Rs 167 per sq.ft, marking a decrease of 33%. However, in the 2023 revision, the value returned to Rs 250 per sq.ft, and it has remained at this figure through the 2024 revision, which also set it at Rs 250 per sq.ft, indicating no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Between the revisions from 2017 to 2023, the guideline value increased by 50%, but overall from 2012 to 2024, there has been no change.

Guideline values in Kaduvancheri

Kaduvancheri village has a total of 37 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 1,500 per sq.ft. The median guideline value for these streets is Rs 300 per sq.ft, placing D.R.R Nagar 1st Street's 2024 figure below that median.

• D.R.R.Nagar 2nd Street: Rs 250 per sq.ft (2024)
• D.R.R.Nagar 3rd Street: Rs 250 per sq.ft (2024)
• Colony Prathana Salai: Rs 200 per sq.ft (2024)
• Chemec Farm House: Rs 250 per sq.ft (2024)
• Chandryan Annadurai Avenue: Rs 400 per sq.ft (2024)
• Bajanai Koil Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in D.R.R Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total to Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers D.R.R Nagar 1st Street?

The D.R.R Nagar 1st Street falls under the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in Kaduvancheri. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers and sellers should be aware that the guideline value is often considered the baseline for these calculations.

When registering a property, the guideline value ensures that the government receives appropriate revenue from property transactions. It is essential for both buyers and sellers to understand how this value is applied to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of D.R.R Nagar 1st Street?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2012 to Rs 167 per sq.ft in 2017, then back to Rs 250 per sq.ft in 2023 and 2024. There are no figures available for the years 2002, 2003, and 2007.

What is the land classification of D.R.R Nagar 1st Street?

D.R.R Nagar 1st Street is classified as Residential Class I Type - I.

How does the guideline value compare to other streets in Kaduvancheri?

The guideline value of D.R.R Nagar 1st Street is Rs 250 per sq.ft, which is below the median value of Rs 300 per sq.ft for the 37 streets in Kaduvancheri under the Sriperumpudur SRO.

What are the stamp duty and registration fees for property in D.R.R Nagar 1st Street?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 2,50,000. The stamp duty would be Rs 17,500 and the registration fee would be Rs 5,000, totaling Rs 22,500.