Guideline Value for DHURAISAMY NAGAR

Dhuraisamy Nagar guideline value

The current guideline value of Dhuraisamy Nagar is Rs 2,700 per sq.ft, effective from 1 July 2024. This area is part of Vengaivasal village and falls under the Selaiyur SRO. The land classification for this street is Mixed Type - II.

How the guideline value of Dhuraisamy Nagar has changed

The guideline value for Dhuraisamy Nagar has seen several revisions over the years. In 2012, the guideline value was Rs 2,500 per sq.ft, which then decreased to Rs 1,675 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,500 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 2,700 per sq.ft. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

Between the revisions, the changes were as follows: from 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The most recent change from 2023 to 2024 reflects an increase of 8%. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Vengaivasal

In Vengaivasal, there are 117 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value for Dhuraisamy Nagar matches this median.

• Dimond Colony: Rs 2,700 per sq.ft (2024)
• Devendran Nagar: Rs 3,800 per sq.ft (2024)
• Casagrand Zenith Phase-I: Rs 3,200 per sq.ft (2024)
• Gandhi Nagar: Rs 2,700 per sq.ft (2024)
• Gandhi Nagar Extension: Rs 2,700 per sq.ft (2024)
• Bogar Avenue: Rs 2,730 per sq.ft (2024)

Stamp duty and registration fee for property in Dhuraisamy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, while the registration fee at 2% would be Rs 54,000. Together, these fees would total Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Dhuraisamy Nagar?

The Sub Registrar Office that covers Dhuraisamy Nagar is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, within the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Vengaivasal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted transparently.

When a property is sold, the buyer must pay stamp duty and registration fees 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 Dhuraisamy Nagar?

The current guideline value of Dhuraisamy Nagar is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

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

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which office handles registrations for Dhuraisamy Nagar?

The Selaiyur Sub Registrar Office handles registrations for Dhuraisamy Nagar, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What is the land classification of Dhuraisamy Nagar?

The land classification for Dhuraisamy Nagar is Mixed Type - II, indicating a blend of residential and commercial uses.