Guideline Value for D.S.N. NAGAR

D.S.N. Nagar guideline value

The current guideline value of D.S.N. Nagar in Venmanamputhur village, under the Tiruvallur Joint 1 SRO, is Rs 200 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - II.

How the guideline value of D.S.N. Nagar has changed

In the 2012 revision, the guideline value was set at Rs 200 per sq.ft. This remained unchanged until the 2017 revision, where the value decreased to Rs 134 per sq.ft, marking a decline of 33%. The guideline value then increased significantly to Rs 200 per sq.ft in the 2023 revision, representing a 49% increase from the 2017 figure.

As of the 2024 revision, the guideline value is again set at Rs 200 per sq.ft, showing no change from the previous year. The revisions for the years 2002, 2003, and 2007 have no figures recorded for D.S.N. Nagar in the register.

Guideline values in Venmanamputhur

In Venmanamputhur, there are 54 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 400 per sq.ft, with a median value of Rs 200 per sq.ft. D.S.N. Nagar's 2024 figure matches this median.

• Eswaran Nagar: Rs 200 per sq.ft (2024)
• Danraj Nagar(S.No.-273.274/1.2): Rs 200 per sq.ft (2024)
• Ganesh Rajan Nagar-( S.No.393/2): Rs 250 per sq.ft (2024)
• Chelliyamman Nagar & Annex: Rs 200 per sq.ft (2024)
• Golden Nagar(Sno232/2): Rs 200 per sq.ft (2024)
• Gomathi Amman Nagar & Annex: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in D.S.N. Nagar

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It is important to note that 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.S.N. Nagar?

The Sub Registrar Office that covers D.S.N. Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial aspect of property transactions in Venmanamputhur, as it helps determine the stamp duty and registration fees payable at the time of property registration. Buyers and sellers must refer to the current guideline value to ensure compliance with local regulations during the transaction process.

When a property is sold, the guideline value serves as a benchmark for calculating the applicable fees. It is essential for both parties to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of D.S.N. Nagar?

The current guideline value of D.S.N. Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then back to Rs 200 per sq.ft in 2023 and 2024.

What is the land classification for D.S.N. Nagar?

D.S.N. Nagar is classified as Residential Class II Type - II according to the local regulations.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 2,00,000, the total fees would amount to Rs 18,000.

Where is the Sub Registrar Office for D.S.N. Nagar located?

The Tiruvallur Joint 1 Sub Registrar Office is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.