Guideline Value for DEEPIKA NAGAR

Deepika Nagar guideline value

The current guideline value of Deepika Nagar, located in Enambakkam village under the Oothukkottai SRO, is Rs 100 per sq.ft. This guideline value is effective from the 2024 revision, which will take effect on 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Deepika Nagar has changed

The guideline value for Deepika Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 40 per sq.ft. This figure remained unchanged until the 2023 revision, where it increased by 150% to Rs 100 per sq.ft. The 2024 revision has maintained this value at Rs 100 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 150%.

Guideline values in Enambakkam

In Enambakkam, there are three streets under the Oothukkottai SRO that carry a 2024 guideline value, all set at Rs 100 per sq.ft. The median value for these streets is also Rs 100 per sq.ft, placing Deepika Nagar at this median value.

• Jai Nagar: Rs 100 per sq.ft (2024)
• Sri Siddi Vinayagar Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Deepika Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, making the total cost for these fees Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Deepika Nagar?

The Sub Registrar Office that covers Deepika Nagar is the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Enambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When a property is sold, the registration fees and stamp duty are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Deepika Nagar?

The current guideline value of Deepika Nagar is Rs 100 per sq.ft, effective from the 2024 revision starting on 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 40 per sq.ft in 2017 to Rs 100 per sq.ft in 2023, maintaining that value in 2024. This represents a total increase of 150% from 2017 to 2024.

Are there any years without guideline value figures for Deepika Nagar?

Yes, the register has no figures for the years 2002, 2003, 2007, and 2012 for Deepika Nagar.

What are the stamp duty and registration fees for property in Deepika Nagar?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot valued at Rs 1,00,000, the total fees would amount to Rs 9,000.

Where is the Sub Registrar Office for Deepika Nagar located?

The Oothukkottai Sub Registrar Office is located near the government hospital in Uthukottai, 602026, Chennai registration zone. This office handles the registration of properties in Deepika Nagar.