Guideline Value for DIVINE CITY

Divine City guideline value

The current guideline value of Divine City, located in Orakadu & Kiruthalapuram village under the Redhills SRO, is Rs 900 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - III.

How the guideline value of Divine City has changed

In the 2024 revision, the guideline value for Divine City is Rs 900 per sq.ft. This figure has remained unchanged from the 2023 revision, which also recorded a guideline value of Rs 900 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Thus, the only recorded changes in the guideline value for Divine City were between the 2023 and 2024 revisions, showing a change of +0%. The consistency in the guideline value across these years indicates stability in this area.

Guideline values in Orakadu & Kiruthalapuram

In Orakadu & Kiruthalapuram, there are 34 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 275 to Rs 900 per sq.ft, with a median value of Rs 385 per sq.ft. The guideline value for Divine City is above this median.

• Gandhi Street: Rs 385 per sq.ft (2024)
• Bharathi Nagar: Rs 385 per sq.ft (2024)
• Bharathidasan Street: Rs 385 per sq.ft (2024)
• Bharathiar Street: Rs 385 per sq.ft (2024)
• Gomathiamman Nagar Anex- XI: Rs 275 per sq.ft (2024)
• Infinity Industrial And Logistics Park: Rs 351 per sq.ft (2024)

Stamp duty and registration fee for property in Divine City

For a 1,000 sq.ft plot at the current guideline value of Rs 900 per sq.ft, the total guideline value amounts to Rs 9,00,000. The stamp duty at 7% would be Rs 63,000, and the registration fee at 2% would be Rs 18,000, making a total of Rs 81,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Divine City?

The Sub Registrar Office that covers Divine City is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Orakadu & Kiruthalapuram

The guideline value is a crucial factor during property registration in Orakadu & Kiruthalapuram. It serves as a benchmark for determining the minimum price at which a property can be sold or purchased. This ensures that transactions reflect the official value set by the government.

When a property is registered, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This process helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Divine City?

The current guideline value of Divine City is Rs 900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Divine City has remained Rs 900 per sq.ft since the 2023 revision, with no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What are the guideline values for other streets in Orakadu & Kiruthalapuram?

Other streets in Orakadu & Kiruthalapuram have a range of guideline values, with the lowest being Rs 275 per sq.ft and the highest at Rs 900 per sq.ft. The median value for these streets is Rs 385 per sq.ft.

How is stamp duty calculated for properties in Divine City?

Stamp duty for properties in Divine City is calculated at 7% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a stamp duty of Rs 63,000 based on the current guideline value.

Where can I find the Sub Registrar Office for Divine City?

The Sub Registrar Office covering Divine City is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.