Guideline Value for DHEEPAM NAGAR

Dheepam Nagar guideline value

The current guideline value of Dheepam Nagar, located in Devathanam village under the Ponneri SRO, is Rs 100 per sq.ft, effective from the 2024 revision which starts on 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Dheepam Nagar has changed

In the 2017 revision, the guideline value for Dheepam Nagar was Rs 67 per sq.ft. This figure increased by 49% to Rs 100 per sq.ft in the 2023 revision, and it remained the same in the 2024 revision, showing no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%. The consistent value of Rs 100 per sq.ft in both the 2023 and 2024 revisions indicates stability in the guideline value for this street.

Guideline values in Devathanam

In Devathanam village, there are 23 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 111 per sq.ft, with the median being Rs 100 per sq.ft. Dheepam Nagar's 2024 guideline value aligns with this median.

• Dr.M.G.R.NAGAR PHASE-III,IV: Rs 100 per sq.ft (2024)
• Gandhi Nagar: Rs 100 per sq.ft (2024)
• Green City: Rs 100 per sq.ft (2024)
• Imayam Nagar: Rs 111 per sq.ft (2024)
• Jeremiah City: Rs 111 per sq.ft (2024)
• J S Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Dheepam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value is Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, making the total charges Rs 9,000. 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 Dheepam Nagar?

The Dheepam Nagar area falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Devathanam. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area.

When registering a property, buyers must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Dheepam Nagar?

The current guideline value of Dheepam 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?

Since the 2017 revision, the guideline value has increased from Rs 67 per sq.ft to Rs 100 per sq.ft in the 2023 and 2024 revisions, marking a 49% increase overall.

What are the stamp duty rates for property in Dheepam Nagar?

The stamp duty for property in Dheepam Nagar is charged at a rate of 7% on the guideline value or the sale price, whichever is higher. The registration fee is an additional 2% of the guideline value.

Where is the Sub Registrar Office for Dheepam Nagar located?

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

What is the land classification for Dheepam Nagar?

Dheepam Nagar is classified under Residential Class II Type - I, indicating its designated use for residential purposes.