Guideline Value for DIVIYA BARATHI NAGAR

Diviya Barathi Nagar guideline value

The current guideline value of Diviya Barathi Nagar is Rs 2,239 per sq.ft, as per the 2023 revision. This area is located in Ponmar village and falls under the Gooduvancheri Sub Registrar Office (SRO). The land classification for this locality is Residential Class II Type - II.

How the guideline value of Diviya Barathi Nagar has changed

The guideline value of Diviya Barathi Nagar has seen significant changes over the years. In the 2017 revision, the guideline value was Rs 1,500 per sq.ft. This figure increased to Rs 2,239 per sq.ft in the 2023 revision, marking a substantial rise of 49% over the six-year period.

There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2024 for this street. Therefore, the only revisions we can reference are from 2017 and 2023.

Guideline values in Ponmar

Currently, there are no specific guideline values provided for other streets in Ponmar. Diviya Barathi Nagar is the only street mentioned under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Diviya Barathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,239 per sq.ft, the total guideline value amounts to Rs 22,39,000. The stamp duty, charged at 7%, would be Rs 1,56,730, and the registration fee at 2% would be Rs 44,780. Together, the total cost for stamp duty and registration fee would be Rs 2,01,510. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Diviya Barathi Nagar?

The Sub Registrar Office that covers Diviya Barathi Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri - 603202, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ponmar. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Diviya Barathi Nagar?

The current guideline value of Diviya Barathi Nagar is Rs 2,239 per sq.ft, as per the 2023 revision.

How much has the guideline value changed over the years?

From the 2017 revision to the 2023 revision, the guideline value increased from Rs 1,500 per sq.ft to Rs 2,239 per sq.ft, which is a rise of 49%.

Are there any guideline values for other streets in Ponmar?

Currently, there are no specific guideline values provided for other streets in Ponmar. Diviya Barathi Nagar is the only street mentioned under the Gooduvancheri SRO.

What are the stamp duty and registration fees for buying property in Diviya Barathi Nagar?

For a property valued at Rs 22,39,000, the stamp duty would be Rs 1,56,730, and the registration fee would be Rs 44,780, totaling Rs 2,01,510.

Which office handles the registration for Diviya Barathi Nagar?

The Gooduvancheri Sub Registrar Office handles the registration for Diviya Barathi Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri - 603202, Chengalpattu registration zone.