Guideline Value for DIVYA NAGAR

Divya Nagar guideline value

The current guideline value of Divya Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Venkatapuram village and falls under the Chengleput Joint II SRO. The land classification is Residential Class I Type - I.

How the guideline value of Divya Nagar has changed

Over the years, the guideline value for Divya Nagar has seen several revisions. The 2007 revision set the guideline value at Rs 60 per sq.ft, which significantly increased to Rs 400 per sq.ft in the 2012 revision. However, the value dropped to Rs 268 per sq.ft in 2017, before rising again to Rs 400 per sq.ft in both the 2023 and 2024 revisions. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2024, the value remained stable with no change. The overall increase from the 2007 revision to the 2024 revision is a remarkable 567%.

Guideline values in Venkatapuram

In Venkatapuram, there are 29 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 400 to Rs 2,500 per sq.ft, with the median value being Rs 400 per sq.ft. The guideline value for Divya Nagar aligns with this median.

• Ezhil Nagar: Rs 500 per sq.ft (2024)
• Ganapathy Nagar Colony: Rs 400 per sq.ft (2024)
• Ganapathy Syndicate: Rs 400 per sq.ft (2024)
• Azhagiri Nagar: Rs 500 per sq.ft (2024)
• Aditi Gardence: Rs 400 per sq.ft (2024)
• Kaveri Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Divya Nagar

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Divya Nagar?

The Sub Registrar Office that covers Divya Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Venkatapuram

When buying or selling property in Venkatapuram, the guideline value plays a crucial role in determining the registration fees and stamp duty. It serves as a reference point for the value of the property, ensuring that the transaction is recorded accurately in the official registers.

The guideline value is applied to calculate the stamp duty and registration fees, which are mandatory for property transactions. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Divya Nagar?

The current guideline value of Divya Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 60 per sq.ft in 2007 to Rs 400 per sq.ft in 2012, dropped to Rs 268 per sq.ft in 2017, and has remained at Rs 400 per sq.ft in both 2023 and 2024.

What is the land classification for Divya Nagar?

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

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is stamp duty calculated in Divya Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 at a rate of 7%.