Guideline Value for DIVYA GARDEN

Divya Garden guideline value

The current guideline value of Divya Garden, located in Nedunkumdram village under the Tambaram Joint 1 SRO, is Rs 330 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - III.

How the guideline value of Divya Garden has changed

The guideline value for Divya Garden has seen several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which was then reduced to Rs 335 per sq.ft in 2017, marking a decrease of 33%. Following this, the 2023 revision adjusted the value to Rs 300 per sq.ft, reflecting a further 10% drop. The most recent 2024 revision has increased the guideline value to Rs 330 per sq.ft, a rise of 10% from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has decreased by 34%.

Guideline values in Nedunkumdram

Nedunkumdram village has 75 streets under the Tambaram Joint 1 SRO, with 2024 guideline values ranging from Rs 330 to Rs 5,300 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Divya Garden's 2024 figure below this median.

• Devaraj Nagar I to IV: Rs 1,430 per sq.ft (2024)
• Devaraj Nagar Extension: Rs 1,430 per sq.ft (2024)
• Devaraj Nagar: Rs 1,430 per sq.ft (2024)
• Easton Enclave: Rs 4,600 per sq.ft (2024)
• Chennai-2 Green City Phase-I: Rs 1,110 per sq.ft (2024)
• Casagrand Vistaaz: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Divya Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total fees to Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Divya Garden?

The Sub Registrar Office that covers Divya Garden is the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059, 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 Nedunkumdram

The guideline value is a crucial factor when registering property transactions in Nedunkumdram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When you buy or sell property, the guideline value ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government. This helps maintain transparency and legality in property dealings.

Frequently asked questions

What is the current guideline value of Divya Garden?

The current guideline value of Divya Garden is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 330 per sq.ft in 2024, showing a decrease of 34% overall.

What is the land classification for Divya Garden?

Divya Garden is classified as Residential Class I Type - III, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Divya Garden?

For a property valued at Rs 3,30,000, the stamp duty would be Rs 23,100 and the registration fee would be Rs 6,600, totaling Rs 29,700.

Which office handles property registrations for Divya Garden?

The Tambaram Joint 1 Sub Registrar Office handles property registrations for Divya Garden, located at No.26, mes Road, East Tambaram, Chennai-600059.