Guideline Value for DIVYADHARA HOMES

Divyadhara Homes guideline value

The current guideline value of Divyadhara Homes in Patharvaadi village is Rs 1,250 per sq.ft, effective from 1 July 2024. This property falls under the Walajabad SRO and is classified as Residential Special Type - II.

How the guideline value of Divyadhara Homes has changed

The guideline value for Divyadhara Homes has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 1,250 per sq.ft. This remained unchanged until the 2017 revision, which saw a decrease to Rs 837 per sq.ft. However, from 2017 to 2023, the value increased by 49% back to Rs 1,250 per sq.ft, and the 2024 revision has maintained this figure, showing no change from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 1,250 per sq.ft.

Guideline values in Patharvaadi

In Patharvaadi, five streets under the Walajabad SRO have a 2024 guideline value ranging from Rs 1,250 to Rs 2,850 per sq.ft, with the median being Rs 1,250 per sq.ft. Divyadhara Homes aligns with this median value.

• Harshadha Homes: Rs 1,250 per sq.ft (2024)
• Hiranandani Parks: Rs 1,250 per sq.ft (2024)
• Tierra: Rs 2,090 per sq.ft (2024)
• Tierra-3: Rs 2,850 per sq.ft (2024)

Stamp duty and registration fee for property in Divyadhara Homes

For a 1,000 sq.ft plot at the current rate of Rs 1,250 per sq.ft, the guideline value amounts to Rs 12,50,000. The stamp duty at 7% would be Rs 87,500, and the registration fee at 2% would be Rs 25,000, making the total Rs 1,12,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Divyadhara Homes?

The Sub Registrar Office that covers Divyadhara Homes is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for further assistance.

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

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

When you buy or sell a property, the guideline value ensures that the transaction is recorded at a standard value, which helps in maintaining transparency and accountability in real estate dealings.

Frequently asked questions

What is the current guideline value of Divyadhara Homes?

The current guideline value of Divyadhara Homes is Rs 1,250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,250 per sq.ft in the 2023 and 2024 revisions, while it was Rs 837 per sq.ft in 2017 and Rs 1,250 per sq.ft in 2012.

What is the land classification for Divyadhara Homes?

Divyadhara Homes is classified as Residential Special Type - II, which indicates its intended use for residential purposes.

Where can I find the Walajabad Sub Registrar Office?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Divyadhara Homes?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 1,250 per sq.ft incurs a total stamp duty and registration fee of Rs 1,12,500.