Guideline Value for DINESH NAGAR

Dinesh Nagar guideline value

The current guideline value of Dinesh Nagar, located in Arasankalani village under the Selaiyur SRO, is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Dinesh Nagar has changed

The guideline value for Dinesh Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease of 33%, bringing the value down to Rs 1,005 per sq.ft. The subsequent 2023 revision marked a significant increase of 49%, raising the value to Rs 1,500 per sq.ft, followed by the latest revision in 2024, which increased it by 10% to Rs 1,650 per sq.ft. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The changes reflect the fluctuations in property values within the area over the years.

Guideline values in Arasankalani

In Arasankalani, there are a total of 85 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 1,300 to Rs 4,750 per sq.ft. The median guideline value for these streets is Rs 2,100 per sq.ft, indicating that Dinesh Nagar's 2024 figure is below the median.

• Durgaiamman Koil Street: Rs 1,300 per sq.ft (2024)
• Crysher Road 2nd Lane: Rs 2,100 per sq.ft (2024)
• Crusher Road First Lane: Rs 2,100 per sq.ft (2024)
• Crusher Road 9th Malai Street: Rs 2,100 per sq.ft (2024)
• Crusher Road 4th Lane: Rs 2,100 per sq.ft (2024)
• Crusher Road 3rd Malai Street: Rs 2,100 per sq.ft (2024)

Stamp duty and registration fee for property in Dinesh Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty, charged at 7%, would be Rs 1,15,500, while the registration fee at 2% would be Rs 33,000, bringing the total fees to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dinesh Nagar?

The Sub Registrar Office that covers Dinesh 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, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Arasankalani. It serves as a benchmark for determining the minimum value at which a property can be sold or bought, ensuring that the transaction is recorded accurately in the official register.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Dinesh Nagar?

The current guideline value of Dinesh Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then back to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification for Dinesh Nagar?

Dinesh Nagar is classified as Residential Class II Type - I, which indicates its designation for residential purposes.

What are the guideline values for other streets in Arasankalani?

Other streets in Arasankalani have varying guideline values, with rates ranging from Rs 1,300 to Rs 4,750 per sq.ft. The median value for these streets is Rs 2,100 per sq.ft.

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

The Sub Registrar Office for Dinesh 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.