Guideline Value for DILLIBABU NAGAR

Dillibabu Nagar guideline value

The current guideline value of Dillibabu Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in S. Kullathur village under the Pallavaram SRO, classified as Residential Class I Type - I.

How the guideline value of Dillibabu Nagar has changed

The guideline value for Dillibabu Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was then reduced to Rs 1,675 per sq.ft in the 2017 revision. The 2023 revision increased it to Rs 2,500 per sq.ft, followed by a further increase to Rs 2,750 per sq.ft in the 2024 revision.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it rose by 10%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in S. Kullathur

S. Kullathur has a total of 71 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 4,400 per sq.ft, with the median value being Rs 2,750 per sq.ft. Dillibabu Nagar's 2024 guideline value is equal to this median.

• Devi Karumariamman Nagar 1 & 2 Main Road: Rs 2,530 per sq.ft (2024)
• Devi Karumariamman Nagar: Rs 2,530 per sq.ft (2024)
• Easwaran Koil Street: Rs 2,530 per sq.ft (2024)
• Engineering Avenue 1 To 5 Streets: Rs 2,750 per sq.ft (2024)
• Chinnappa Nagar 1 And 2 Streets: Rs 2,750 per sq.ft (2024)
• Chinnapa Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Dillibabu Nagar

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dillibabu Nagar?

The Sub Registrar Office that covers Dillibabu Nagar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in S. Kullathur

The guideline value is a crucial factor in the registration process when buying or selling property in S. Kullathur. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the property is registered at a value recognized by the government.

When a property is sold, the guideline value serves as a benchmark for assessing the transaction price. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements and to understand the financial implications of their property transaction.

Frequently asked questions

What is the current guideline value of Dillibabu Nagar?

The current guideline value of Dillibabu Nagar is Rs 2,750 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 to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,750 per sq.ft in 2024.

What is the land classification for Dillibabu Nagar?

Dillibabu Nagar is classified as Residential Class I Type - I, indicating its designation for residential use within the S. Kullathur village.

Where can I find the Sub Registrar Office for Dillibabu Nagar?

The Sub Registrar Office for Dillibabu Nagar is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is stamp duty calculated for properties in Dillibabu Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 at a rate of 7%.