Guideline Value for DESIKA NAGAR

Desika Nagar guideline value

The current guideline value of Desika Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in P.V.Kalathur A village under the Chengleput Joint I SRO and is classified as Residential Class II Type - I.

How the guideline value of Desika Nagar has changed

The guideline value for Desika Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 167 per sq.ft. In the 2023 revision, the value increased to Rs 250 per sq.ft, remaining unchanged in the 2024 revision. The register has no figures for the years 2002, 2003, 2007, and 2012.

From the 2017 revision to the 2023 revision, there was a significant increase of 50%. The overall change from 2017 to the 2024 revision is also +50%, as the value remains at Rs 250 per sq.ft.

Guideline values in P.V.Kalathur A

In P.V.Kalathur A, there are 21 streets under the Chengleput Joint I SRO that have a 2024 guideline value ranging from Rs 250 to Rs 450 per sq.ft, with a median value of Rs 402 per sq.ft. Desika Nagar's 2024 figure is below this median.

• Dr.Savithiri Nagar: Rs 300 per sq.ft (2024)
• Gokaley Nagar: Rs 402 per sq.ft (2024)
• Arunanachala nagar: Rs 300 per sq.ft (2024)
• Andal Avenue: Rs 300 per sq.ft (2024)
• K.J.P. Nagar: Rs 402 per sq.ft (2024)
• Maruthi Nagar: Rs 450 per sq.ft (2024)

Stamp duty and registration fee for property in Desika Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total cost for these fees to Rs 22,500. 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 Desika Nagar?

The Chengleput Joint I Sub Registrar Office covers Desika Nagar. The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for additional information.

How the guideline value is used when you buy or sell in P.V.Kalathur A

The guideline value is a crucial factor in property transactions in P.V.Kalathur A. It determines the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Desika Nagar?

The current guideline value of Desika Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2023 and remains the same in 2024. There are no figures available for the years 2002, 2003, 2007, and 2012.

What is the land classification for Desika Nagar?

Desika Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For a property valued at Rs 2,50,000, the total fees would be Rs 22,500.

Where is the Sub Registrar Office for Desika Nagar located?

The Chengleput Joint I Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles the registration of properties in Desika Nagar.