Guideline Value for DIYA NAGAR

Diya Nagar guideline value

The current guideline value of Diya Nagar is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Sattamangalam village under the Chengleput Joint II SRO, classified as Residential Class I Type - III.

How the guideline value of Diya Nagar has changed

In the 2012 revision, the guideline value was Rs 600 per sq.ft. This figure remained the same in the 2012 revision and then decreased to Rs 402 per sq.ft in the 2017 revision, marking a decline of 33%. From 2017 to 2023, the value increased significantly to Rs 600 per sq.ft, reflecting a rise of 49%. The current guideline value is Rs 660 per sq.ft, showing a 10% increase from the 2023 revision.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO, with 2024 guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, positioning Diya Nagar's 2024 figure below that median.

• Diamond Avenue (Per): Rs 660 per sq.ft (2024)
• Devi Prasath Nagar (N): Rs 660 per sq.ft (2024)
• Easwaran Koil Street (Ward -17): Rs 660 per sq.ft (2024)
• Cs Nh1 (Ward -5): Rs 1,320 per sq.ft (2024)
• Cmda Nagar G.S.T. Road (Ward -3): Rs 2,200 per sq.ft (2024)
• Cmda Layout Nennaikarai (Ward -3): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Diya Nagar

For a 1,000 sq.ft plot at the current rate of Rs 660 per sq.ft, the guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, while the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Diya Nagar?

The Chengleput Joint II Sub Registrar Office covers Diya Nagar, 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 Sattamangalam

The guideline value is a crucial factor in the registration process of properties in Sattamangalam. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring transparency in property transactions.

When buying or selling property, the guideline value serves as a reference point for both buyers and sellers. It helps in assessing the value of the property, and the fees associated with the transaction are based on this value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Diya Nagar?

The current guideline value of Diya Nagar is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then up to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification for Diya Nagar?

Diya Nagar is classified as Residential Class I Type - III, indicating its designation for residential purposes.

What is the stamp duty rate for property in Diya Nagar?

The stamp duty rate for property in Diya Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Chengleput Joint II SRO located?

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