Guideline Value for DAC URBAN PARK

Dac Urban Park guideline value

The current guideline value of Dac Urban Park in Potheri village, under the Chengleput Joint II SRO, is Rs 2,970 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Type - I.

How the guideline value of Dac Urban Park has changed

The guideline value for Dac Urban Park has undergone several revisions over the years. The register has no figure for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 2,700 per sq.ft. This marked an increase from the previous figure, with the current revision showing a significant rise to Rs 2,970 per sq.ft, reflecting a change of +10% from the 2023 revision.

With the 2024 revision, Dac Urban Park's guideline value has risen above the median of Rs 770 per sq.ft for the 129 streets in Potheri under the Chengleput Joint II SRO. The increase from Rs 2,700 to Rs 2,970 indicates a notable adjustment in the value assigned to this area.

Guideline values in Potheri

Potheri village has a range of guideline values, with figures for 129 streets under the Chengleput Joint II SRO varying from Rs 440 to Rs 2,970 per sq.ft. Dac Urban Park's current value is significantly above the median of Rs 770 per sq.ft. Here are some other streets in Potheri:

• Chamudeeswari Nagar (Ward-21): Rs 1,980 per sq.ft (2024)
• C.B.S.C Nagar (Val): Rs 880 per sq.ft (2024)
• Elangoadigal Street (Ward-20): Rs 880 per sq.ft (2024)
• Bhuvaneswari Amman Nagar (Ward-21): Rs 1,100 per sq.ft (2024)
• Ettiamman Koil Street (Ward-21): Rs 770 per sq.ft (2024)
• Bharathi Street (Ward-21): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Dac Urban Park

For a 1,000 sq.ft plot at the current rate of Rs 2,970 per sq.ft, the guideline value would be Rs 29,70,000. The stamp duty at 7% would amount to Rs 2,07,900, and the registration fee at 2% would be Rs 59,400. Together, these fees would total Rs 2,67,300. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dac Urban Park?

The Sub Registrar Office that covers Dac Urban Park is 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 information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Potheri. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that both parties are aware of the financial obligations involved.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the correct revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Dac Urban Park?

The current guideline value of Dac Urban Park is Rs 2,970 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,700 per sq.ft in 2023 to Rs 2,970 per sq.ft in 2024, reflecting a +10% increase. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Potheri?

The median guideline value in Potheri is Rs 770 per sq.ft. Dac Urban Park's current value is above this median.

What are the stamp duty and registration fees for Dac Urban Park?

For a 1,000 sq.ft plot at the guideline value of Rs 2,970 per sq.ft, the total stamp duty and registration fees would amount to Rs 2,67,300. The stamp duty is charged at 7% and the registration fee at 2% of the guideline value.

Where is the Sub Registrar Office for Dac Urban Park located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles registrations for properties in Dac Urban Park.