Guideline Value for DIAMOND AVENUE (PER)

Diamond Avenue (Per) guideline value

The current guideline value of Diamond Avenue (Per) in Ninna Karai village is Rs 660 per sq.ft, effective from 1 July 2024. This property falls under the Chengleput Joint II SRO and is classified as Residential Class I Type - III.

How the guideline value of Diamond Avenue (Per) has changed

The guideline value for Diamond Avenue (Per) has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 660 per sq.ft, an increase from Rs 600 per sq.ft in 2023. Prior to that, the 2017 revision recorded a value of Rs 402 per sq.ft, marking a significant increase of 49% to the 2023 figure. The 2012 revision also had a value of Rs 600 per sq.ft, which was a decrease of 33% from the 2017 revision.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Ninna Karai

In Ninna Karai, there are 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median value is Rs 1,100 per sq.ft, placing Diamond Avenue (Per) below this median.

• Devi Prasath Nagar (N): Rs 660 per sq.ft (2024)
• D.S.R. செல்வி நகர்: Rs 1,474 per sq.ft (2024)
• D.S.R. செல்வி நகர் அனெக்ஸ்: Rs 2,200 per sq.ft (2024)
• Easwaran Koil Street (Ward -17): Rs 660 per sq.ft (2024)
• Cs Nh1 (Ward -5): Rs 1,321 per sq.ft (2024)
• Cmda Nagar G.S.T. Road (Ward -3): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Diamond Avenue (Per)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total fees together to Rs 59,400. It is important to note that the 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 more information.

Which Sub Registrar Office covers Diamond Avenue (Per)?

The Chengleput Joint II Sub Registrar Office covers Diamond Avenue (Per). The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ninna Karai. It determines the amount of stamp duty and registration fees payable to the government, which are based on the guideline value or the sale price, whichever is higher.

When a property is registered, the guideline value helps ensure that the transaction is documented accurately and fairly, reflecting the official value set by the government for that area.

Frequently asked questions

What is the current guideline value of Diamond Avenue (Per)?

The current guideline value of Diamond Avenue (Per) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2023 to Rs 660 per sq.ft in 2024. It was Rs 402 per sq.ft in 2017 and Rs 600 per sq.ft in 2012, showing fluctuations over the years.

What is the classification of land on Diamond Avenue (Per)?

Diamond Avenue (Per) is classified as Residential Class I Type - III under the Chengleput Joint II SRO.

What are the stamp duty and registration fees for properties in Ninna Karai?

The stamp duty is charged at 7% of the guideline value or sale price, and the registration fee is 2%. For example, a 1,000 sq.ft plot at Rs 660 per sq.ft incurs a total fee of Rs 59,400.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.