Guideline Value for DANAL THANGAVEL NAGAR

Danal Thangavel Nagar guideline value

The current guideline value of Danal Thangavel Nagar is Rs 330 per sq.ft, effective from 1 July 2024. This street is located in Ariyanvoyal village, under the Ponneri Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - I.

How the guideline value of Danal Thangavel Nagar has changed

The guideline value for Danal Thangavel Nagar has undergone several revisions over the years. The earliest recorded revision was in 2012, where the value was Rs 300 per sq.ft. This figure remained until the 2017 revision, which saw a decrease to Rs 201 per sq.ft. In 2023, the value increased to Rs 300 per sq.ft again, and the most recent revision in 2024 set the value at Rs 330 per sq.ft, marking a 10% increase from the previous year.

From 2012 to 2017, the value decreased by 33%, while from 2017 to 2023, it increased significantly by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ariyanvoyal

Ariyanvoyal village has 26 streets under the Ponneri SRO with a 2024 guideline value ranging from Rs 330 to Rs 880 per sq.ft. The median value is Rs 330 per sq.ft, which is the same as the current guideline value for Danal Thangavel Nagar. Below are the guideline values for other streets in Ariyanvoyal:

• Elango Nagar: Rs 330 per sq.ft (2024)
• Ganesh Nagar: Rs 330 per sq.ft (2024)
• Babu Nagar: Rs 440 per sq.ft (2024)
• Arutprakas Vallalar Nagar: Rs 330 per sq.ft (2024)
• Janaki Rathina Nagar: Rs 330 per sq.ft (2024)
• Jayalakshmi Nagar: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Danal Thangavel Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value would be Rs 3,30,000. The stamp duty at 7% would amount to Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total fees to Rs 29,700. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Danal Thangavel Nagar?

The Sub Registrar Office that covers Danal Thangavel Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Ariyanvoyal. When a property is sold or purchased, the guideline value is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall costs associated with property transactions. This ensures that both parties are clear on the financial implications of the sale or purchase.

Frequently asked questions

What is the current guideline value of Danal Thangavel Nagar?

The current guideline value of Danal Thangavel Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then back to Rs 300 per sq.ft in 2023, and finally to Rs 330 per sq.ft in 2024.

What is the land classification for Danal Thangavel Nagar?

The land classification for Danal Thangavel Nagar is Residential Class II Type - I.

Where is the Ponneri Sub Registrar Office located?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How do stamp duty and registration fees work in Danal Thangavel Nagar?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 29,700 based on the current guideline value.