Guideline Value for D.R.R.Nagar 2nd Street

D.R.R.Nagar 2nd Street guideline value

The current guideline value of D.R.R.Nagar 2nd Street is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Kaduvancheri village, under the Sriperumpudur SRO, and is classified as Residential Class I Type - I.

How the guideline value of D.R.R.Nagar 2nd Street has changed

The guideline value for D.R.R.Nagar 2nd Street has seen several revisions over the years. The earliest recorded figure is Rs 250 per sq.ft from the 2012 revision. This was followed by a decrease to Rs 167 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased by 50% to Rs 250 per sq.ft. The 2023 revision maintained this value, and as of the 2024 revision, the guideline value remains at Rs 250 per sq.ft, showing no change from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kaduvancheri

In Kaduvancheri, there are 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 value for these streets is Rs 300 per sq.ft, placing D.R.R.Nagar 2nd Street's 2024 figure below that median.

• D.R.R Nagar 1st 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 2nd Street

For a 1,000 sq.ft plot at the current rate, the guideline value is 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, totaling Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers D.R.R.Nagar 2nd Street?

The Sub Registrar Office that covers D.R.R.Nagar 2nd Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical component in the registration process when buying or selling property in Kaduvancheri. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the registration office uses the guideline value to calculate the applicable stamp duty and registration fees, which are essential for completing the sale legally. This ensures that both the buyer and seller comply with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of D.R.R.Nagar 2nd Street?

The current guideline value of D.R.R.Nagar 2nd 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.

What is the registration office for D.R.R.Nagar 2nd Street?

The registration office for D.R.R.Nagar 2nd Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

What are the stamp duty and registration fees for property in D.R.R.Nagar 2nd Street?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 22,500, based on the current guideline value.

How does the guideline value affect property transactions?

The guideline value affects property transactions by serving as a minimum benchmark for registration. It is used to calculate the stamp duty and registration fees that must be paid during the sale process.