Guideline Value for DINAKARAN GARDEN

Dinakaran Garden guideline value

The current guideline value of Dinakaran Garden in Chemmancheri village, under the Neelankarai SRO, is Rs 1,000 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class V Type - II.

How the guideline value of Dinakaran Garden has changed

The guideline value for Dinakaran Garden has undergone several revisions over the years. The 2012 revision set the value at Rs 750 per sq.ft, which increased to Rs 502 per sq.ft in the 2017 revision. This was followed by a significant increase to Rs 1,000 per sq.ft in the 2023 revision, which remained unchanged in the 2024 revision.

Notably, there are no figures available for the years 2002, 2003, and 2007 for this street. The overall change from the 2012 revision to the 2024 revision reflects a 33% increase, while the change from 2017 to 2023 shows a 99% increase.

Guideline values in Chemmancheri

In Chemmancheri, there are 195 streets under the Neelankarai SRO that have a 2024 guideline value ranging from Rs 1,000 to Rs 6,600 per sq.ft, with a median value of Rs 1,700 per sq.ft. The guideline value for Dinakaran Garden is below this median.

• Dhanalakshmi Garden: Rs 1,700 per sq.ft (2024)
• Devaki Garden: Rs 1,700 per sq.ft (2024)
• Eagle Foundations: Rs 3,300 per sq.ft (2024)
• Dac Silicon Valley: Rs 4,100 per sq.ft (2024)
• Ellaiamman Koil Street: Rs 1,700 per sq.ft (2024)
• Chozhan Salai: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Dinakaran Garden

For a 1,000 sq.ft plot at the current rate of Rs 1,000 per sq.ft, the guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. 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 Dinakaran Garden?

The Sub Registrar Office covering Dinakaran Garden is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during property registration in Chemmancheri. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps establish a baseline for negotiations. Buyers and sellers must consider this value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Dinakaran Garden?

The current guideline value for Dinakaran Garden is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 1,000 per sq.ft in 2023 and 2024, with a notable increase of 99% from 2017 to 2023.

What is the median guideline value in Chemmancheri?

The median guideline value for streets in Chemmancheri is Rs 1,700 per sq.ft, while Dinakaran Garden's value is below this median.

What are the stamp duty and registration fees for properties in Dinakaran Garden?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.