Guideline Value for D.V.A.C.NAGAR

D.V.A.C.Nagar guideline value

The current guideline value of D.V.A.C.Nagar, located in Kadampur village under the Chengleput Joint II SRO, is Rs 550 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - II land classification.

How the guideline value of D.V.A.C.Nagar has changed

The guideline value for D.V.A.C.Nagar has undergone several revisions over the years. In 2012, the value was set at Rs 500 per sq.ft, which then decreased to Rs 335 per sq.ft in 2017. Following this, the value increased significantly to Rs 500 per sq.ft in 2023, and then to Rs 550 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49% in the guideline value. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kadampur

Kadampur village has a range of guideline values across its 44 streets under the Chengleput Joint II SRO, with figures ranging from Rs 385 to Rs 2,200 per sq.ft. The median guideline value in this area is Rs 551 per sq.ft, placing D.V.A.C.Nagar's 2024 figure below this median.

• Easwaran Koil Street (Ward -9): Rs 551 per sq.ft (2024)
• Friends Avenue: Rs 737 per sq.ft (2024)
• Coodalur Village (Ward -9): Rs 551 per sq.ft (2024)
• Coodalur Village Colony (Ward -9): Rs 385 per sq.ft (2024)
• Chinna Vattamman Kovil Street (Kod): Rs 551 per sq.ft (2024)
• Gangaiamman Koil Street (Ward -9): Rs 551 per sq.ft (2024)

Stamp duty and registration fee for property in D.V.A.C.Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, making the total charges Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers D.V.A.C.Nagar?

The D.V.A.C.Nagar area is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Kadampur, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees required for the transaction.

It is essential for buyers and sellers to be aware of the current guideline value to ensure that they comply with the legal requirements during the registration process. This helps in avoiding any discrepancies that may arise during the transfer of property ownership.

Frequently asked questions

What is the current guideline value of D.V.A.C.Nagar?

The current guideline value of D.V.A.C.Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification for D.V.A.C.Nagar?

D.V.A.C.Nagar is classified as Residential Class I Type - II, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for D.V.A.C.Nagar?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is the stamp duty calculated for properties in D.V.A.C.Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For instance, a 1,000 sq.ft plot at Rs 550 per sq.ft incurs a total guideline value of Rs 5,50,000, leading to specific stamp duty and registration fees.