Guideline Value for D.R.R.Nagar 3rd Street

D.R.R.Nagar 3rd Street guideline value

The current guideline value of D.R.R.Nagar 3rd Street is Rs 250 per sq.ft. This street is located in Kaduvancheri village and falls under the Sriperumpudur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of D.R.R.Nagar 3rd Street has changed

According to the guideline value register, the most recent revision for D.R.R.Nagar 3rd Street was in 2024, where it remained at Rs 250 per sq.ft, the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 167 per sq.ft, showing a significant increase of 50% from that year to 2023.

In the 2012 revision, the guideline value was Rs 250 per sq.ft, indicating a decrease of 33% to Rs 167 per sq.ft in 2017. Overall, from the 2012 revision to the 2024 revision, the guideline value has not changed, remaining at Rs 250 per sq.ft. The register has no 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 is Rs 300 per sq.ft, making the 2024 guideline value of D.R.R.Nagar 3rd Street below that median.

• D.R.R.Nagar 2nd Street: Rs 250 per sq.ft (2024)
• D.R.R Nagar 1st 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 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees together 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 detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers D.R.R.Nagar 3rd Street?

The Sub Registrar Office that covers D.R.R.Nagar 3rd 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 information.

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

The guideline value plays a crucial role in property transactions in Kaduvancheri. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees based on the higher of the guideline value or the actual sale price. This ensures that both buyers and sellers are aware of the costs involved in the transaction.

Frequently asked questions

What is the current guideline value of D.R.R.Nagar 3rd Street?

The current guideline value of D.R.R.Nagar 3rd 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 seen various changes, with the most recent revision in 2024 maintaining the value at Rs 250 per sq.ft. The value increased from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2023, and then remained unchanged in 2024.

What are the stamp duty and registration fees for property in D.R.R.Nagar 3rd Street?

For a property valued at 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. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which registration office handles D.R.R.Nagar 3rd Street?

The Sriperumpudur Sub Registrar Office handles the registration for D.R.R.Nagar 3rd Street. It is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

What is the land classification for D.R.R.Nagar 3rd Street?

The land classification for D.R.R.Nagar 3rd Street is Residential Class I Type - I, indicating its suitability for residential development.