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 200 per sq.ft, effective from 1 July 2024. This street is located in Vallam_B village and falls under the Sriperumpudur SRO. The land classification for this area is Residential Class III 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 remained consistent over the last two revisions. For both the 2023 and 2024 revisions, the guideline value is Rs 200 per sq.ft, showing no change between these years. The register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

Since the 2024 revision reflects the same value as the 2023 revision, there has been a 0% change in the guideline value. This stability indicates that the valuation for this street has not fluctuated recently.

Guideline values in Vallam_B

In Vallam_B, there are 73 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,950 per sq.ft. The median guideline value in this village is Rs 400 per sq.ft, placing D.R.R.Nagar 2nd Street's 2024 figure below that median.

• D.R.R.Nagar 1st Street: Rs 200 per sq.ft (2024)
• D.R.R.Nagar 3rd Street: Rs 200 per sq.ft (2024)
• D.R.R.Nagar: Rs 200 per sq.ft (2024)
• Dream Park Greenland: Rs 400 per sq.ft (2024)
• Deepalaxmi Nagar: Rs 400 per sq.ft (2024)
• Ganapathy Nagar: 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 guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, resulting in a total of Rs 18,000. 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 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 further assistance.

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

The guideline value plays a crucial role in the registration process of property transactions in Vallam_B. It is used to determine the applicable stamp duty and registration fees, ensuring that the government receives the correct revenue from property sales.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two figures is used to calculate the stamp duty, which is a mandatory cost for all property transactions in the area.

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 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for D.R.R.Nagar 2nd Street has remained unchanged at Rs 200 per sq.ft for the 2023 and 2024 revisions. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002.

What are the other streets in Vallam_B with similar guideline values?

Other streets in Vallam_B with similar guideline values include D.R.R.Nagar 1st Street, D.R.R.Nagar 3rd Street, and Ganapathy Nagar, all at Rs 200 per sq.ft for 2024. Additionally, Dream Park Greenland and Deepalaxmi Nagar have higher values of Rs 400 per sq.ft.

What fees are associated with buying property in D.R.R.Nagar 2nd Street?

When buying property in D.R.R.Nagar 2nd Street, you will incur a stamp duty of 7% and a registration fee of 2% based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot would result in total fees of Rs 18,000.

Where can I find the Sub Registrar Office for D.R.R.Nagar 2nd Street?

The Sub Registrar 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.