Guideline Value for DAMODARAN NAGAR 2ND CROSS ST

Damodaran Nagar 2nd Cross St guideline value

The current guideline value of Damodaran Nagar 2nd Cross St is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-A village, under the Avadi SRO, and is classified as Residential Class II Type - III.

How the guideline value of Damodaran Nagar 2nd Cross St has changed

The guideline value for Damodaran Nagar 2nd Cross St has seen several revisions over the years. In 2017, the value was Rs 469 per sq.ft, which increased to Rs 700 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the value at Rs 750 per sq.ft, reflecting a 7% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 60%.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,750 per sq.ft. The median value is Rs 750 per sq.ft, which is equal to the guideline value for Damodaran Nagar 2nd Cross St.

• Damodaran Nagar 1st Cross St: Rs 750 per sq.ft (2024)
• Damodaran Nagar 3rd Cross St: Rs 750 per sq.ft (2024)
• Damodaran Nagar Main Street: Rs 750 per sq.ft (2024)
• Damodaran Nagar & Streets: Rs 750 per sq.ft (2024)
• Cue: Rs 2,750 per sq.ft (2024)
• Dasarpuram 1st Street: Rs 840 per sq.ft (2024)

Stamp duty and registration fee for property in Damodaran Nagar 2nd Cross St

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value would be Rs 7,50,000. The stamp duty at 7% would amount to Rs 52,500, and the registration fee at 2% would be Rs 15,000, making the total cost for these fees Rs 67,500. It is important to note that the 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 Damodaran Nagar 2nd Cross St?

The Sub Registrar Office that covers Damodaran Nagar 2nd Cross St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value is an essential factor during the registration of property transactions in Thiruninravur-A. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is compared with the sale price, and the higher value is used to calculate the applicable duties. This ensures that the government receives appropriate revenue based on the property's worth as determined by the guideline value.

Frequently asked questions

What is the current guideline value of Damodaran Nagar 2nd Cross St?

The current guideline value of Damodaran Nagar 2nd Cross St is Rs 750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 469 per sq.ft to Rs 750 per sq.ft in 2024, marking an overall increase of 60%.

What is the land classification for Damodaran Nagar 2nd Cross St?

Damodaran Nagar 2nd Cross St is classified as Residential Class II Type - III.

Where can I find the Sub Registrar Office for this area?

The Avadi Sub Registrar Office covers Damodaran Nagar 2nd Cross St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 7,50,000, the stamp duty would be Rs 52,500 at a rate of 7%.