Guideline Value for DHUVARAGAI NAGAR

Dhuvaragai Nagar guideline value

The current guideline value of Dhuvaragai Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Thammanur village under the Walajabad Sub Registrar Office (SRO) and is classified as Residential Special Type - I.

How the guideline value of Dhuvaragai Nagar has changed

The guideline value for Dhuvaragai Nagar has seen various revisions over the years. The most recent revisions show that the guideline value was Rs 300 per sq.ft in both 2023 and 2024, indicating no change. In the 2017 revision, the value was Rs 201 per sq.ft, which reflects a significant increase of 49% to the 2023 figure. The 2012 revision also recorded a value of Rs 300 per sq.ft, which was a decrease of 33% from the 2017 revision.

Overall, from the 2012 revision to the 2024 revision, the guideline value has remained unchanged at Rs 300 per sq.ft. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thammanur

In Thammanur, there are 16 streets under the Walajabad SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 448 per sq.ft. The guideline value for Dhuvaragai Nagar is equal to the median value of Rs 300 per sq.ft.

• Jeevan Nagar: Rs 448 per sq.ft (2024)
• Kamadhenu Nagar Extension: Rs 448 per sq.ft (2024)
• AKSHAYA GREEN (a) AKSHAYA GARDEN: Rs 200 per sq.ft (2024)
• M.J.Nagar: Rs 300 per sq.ft (2024)
• Oragadam Avenue: Rs 200 per sq.ft (2024)
• Rishi Nagar: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Dhuvaragai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. It is important to note that the 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 Dhuvaragai Nagar?

The Dhuvaragai Nagar area falls under the jurisdiction of the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the property registration process. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in Thammanur. The guideline value ensures that the transaction is recorded at a standardized value, which helps in maintaining transparency in property dealings.

When a property is sold, the buyer and seller must ensure that the sale price is at least equal to the guideline value to avoid any legal issues. The registration office will use the guideline value to calculate the applicable fees, which are mandatory for the completion of the sale.

Frequently asked questions

What is the current guideline value of Dhuvaragai Nagar?

The current guideline value of Dhuvaragai Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft in both 2023 and 2024. There was a significant increase of 49% from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023, while the value was Rs 300 per sq.ft in 2012.

What is the land classification of Dhuvaragai Nagar?

Dhuvaragai Nagar is classified as Residential Special Type - I, which indicates the type of development and usage allowed in the area.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 3,00,000, the total fees would be Rs 27,000.

Which office handles property registrations in Dhuvaragai Nagar?

The Walajabad Sub Registrar Office is responsible for property registrations in Dhuvaragai Nagar, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.