Guideline Value for D.R.R. Nagar

D.R.R. Nagar guideline value

The current guideline value of D.R.R. Nagar, located in Kattupakkam village under the Kunrathur SRO, is Rs 1,980 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - II land classification.

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

The guideline value for D.R.R. Nagar has undergone several revisions over the years. The earliest recorded figure is from 2003, where the value was Rs 211 per sq.ft. This increased to Rs 350 per sq.ft in 2007, followed by a significant jump to Rs 1,800 per sq.ft in 2012. However, between 2012 and 2017, the value decreased to Rs 1,206 per sq.ft. The value then rose sharply to Rs 1,800 per sq.ft in 2023, and most recently, it has been revised to Rs 1,980 per sq.ft in 2024.

In terms of percentage changes, the guideline value increased by 66% from 2003 to 2007, followed by a 414% increase from 2007 to 2012. After a decrease of 33% from 2012 to 2017, the value saw a 49% increase from 2017 to 2023. The most recent revision from 2023 to 2024 reflects a 10% increase. The register has no figure for the year 2002 for this street.

Guideline values in Kattupakkam

Kattupakkam village has a total of 75 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 1,980 to Rs 4,290 per sq.ft, with a median value of Rs 2,090 per sq.ft. The guideline value for D.R.R. Nagar is below this median.

• D.S.M. Nagar: Rs 1,980 per sq.ft (2024)
• Elavarasi Nagar: Rs 1,980 per sq.ft (2024)
• Ettiamman Nagar: Rs 1,980 per sq.ft (2024)
• Ganapathy Nagar: Rs 3,520 per sq.ft (2024)
• C.T.A. Nagar & Phase I: Rs 1,980 per sq.ft (2024)
• Chokkammal Nagar: Rs 2,090 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 1,980 per sq.ft, the guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, totaling Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers D.R.R. Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Kattupakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

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

Frequently asked questions

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

The current guideline value of D.R.R. Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 211 per sq.ft in 2003 to Rs 1,980 per sq.ft in 2024, with various increases and one decrease in between.

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

D.R.R. Nagar falls under the Residential Class I Type - II land classification, indicating its suitability for residential purposes.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,78,200, calculated based on the guideline value.

Which office handles property registrations for D.R.R. Nagar?

The Kunrathur Sub Registrar Office handles property registrations for D.R.R. Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.