Guideline Value for D.V.S. NAGAR

D.V.S. Nagar guideline value

The current guideline value of D.V.S. Nagar, located in Minjur village under the Ponneri SRO, is Rs 440 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class III Type - I land classification.

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

The guideline value for D.V.S. Nagar has seen significant changes over the years. The 2017 revision set the value at Rs 268 per sq.ft, which increased to Rs 400 per sq.ft in the 2023 revision. From 2023 to 2024, the value rose by 10% to reach Rs 440 per sq.ft. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. The 2024 revision reflects a notable increase of 49% from the 2017 revision to the 2023 revision, indicating a significant upward trend in the guideline value.

Guideline values in Minjur

In Minjur, there are 179 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,320 per sq.ft. The median guideline value for these streets is Rs 550 per sq.ft, placing D.V.S. Nagar's 2024 figure below this median.

• ESWARAN KOVIL ST (North,South&East): Rs 1,320 per sq.ft (2024)
• D.K.R Nagar: Rs 1,320 per sq.ft (2024)
• Dhanabagyam Nagar: Rs 770 per sq.ft (2024)
• Deva Avenue: Rs 550 per sq.ft (2024)
• Deepika Avenue: Rs 580 per sq.ft (2024)
• D.B.R Nagar: Rs 550 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, leading to a total of Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers D.V.S. Nagar?

The Sub Registrar Office that covers D.V.S. Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Minjur. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is considered to ensure that the correct fees are applied. This value helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

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

The current guideline value of D.V.S. Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023, and then to Rs 440 per sq.ft in 2024. This reflects an overall increase of 64% from 2017 to 2024.

What are the other streets in Minjur with their guideline values?

Other streets in Minjur include ESWARAN KOVIL ST, D.K.R Nagar, Dhanabagyam Nagar, Deva Avenue, Deepika Avenue, and D.B.R Nagar, with guideline values ranging from Rs 550 to Rs 1,320 per sq.ft in 2024.

What are the stamp duty and registration fees for D.V.S. Nagar?

The stamp duty for a property in D.V.S. Nagar is 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 39,600.

Which office handles the registration for D.V.S. Nagar?

The Ponneri Sub Registrar Office handles the registration for D.V.S. Nagar, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.