Guideline Value for DONBOSCO NAGAR

Donbosco Nagar guideline value

The current guideline value of Donbosco Nagar is Rs 1,002 per sq.ft, effective from 1 July 2024. This area is located in Kosappur village and falls under the Thiruvottiyur SRO. The land classification for this street is Residential Special Type - II.

How the guideline value of Donbosco Nagar has changed

The guideline value for Donbosco Nagar has undergone several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 15 per sq.ft. It increased to Rs 17 per sq.ft in 2003, followed by a significant jump to Rs 100 per sq.ft in 2007. The value then rose to Rs 300 per sq.ft in 2012, but saw a decrease to Rs 201 per sq.ft in 2017. The most recent revisions in 2023 and 2024 both set the guideline value at Rs 1,002 per sq.ft, showing no change between these years.

Overall, the guideline value has increased by 6,580% from the 2002 figure to the current 2024 value. Notably, the most significant change occurred between the 2017 and 2023 revisions, where the value increased by 399%.

Guideline values in Kosappur

In Kosappur village, there are 25 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 1,600 per sq.ft. The median value is Rs 1,002 per sq.ft, which is the same as the guideline value for Donbosco Nagar.

• Dr.AMBETKAR NAGAR: Rs 1,000 per sq.ft (2024)
• Coramondal Green City: Rs 1,040 per sq.ft (2024)
• Gnanaguru Nagar: Rs 1,002 per sq.ft (2024)
• Jain Nagar: Rs 1,002 per sq.ft (2024)
• Anjela Nagar: Rs 1,002 per sq.ft (2024)
• Angilo Nagar-2: Rs 1,002 per sq.ft (2024)

Stamp duty and registration fee for property in Donbosco Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,002 per sq.ft, the total guideline value would be Rs 10,02,000. The stamp duty at 7% would amount to Rs 70,140, and the registration fee at 2% would be Rs 20,040. Together, the total cost would be Rs 90,180. 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 Donbosco Nagar?

The Sub Registrar Office that covers Donbosco Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Kosappur. It serves as a benchmark for determining the minimum price at which a property can be sold or purchased, ensuring that the transaction is recorded accurately in the official register.

When you buy or sell property, the guideline value will be used to calculate the stamp duty and registration fees. These fees are essential for the legal transfer of property ownership and must be paid at the time of registration.

Frequently asked questions

What is the current guideline value of Donbosco Nagar?

The current guideline value of Donbosco Nagar is Rs 1,002 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 15 per sq.ft in 2002 to Rs 1,002 per sq.ft in 2024, marking an overall increase of 6,580%.

What are the stamp duty and registration fees for property in Donbosco Nagar?

For a 1,000 sq.ft plot, the stamp duty would be Rs 70,140, and the registration fee would be Rs 20,040, totaling Rs 90,180.

Which office handles property registrations for Donbosco Nagar?

The Thiruvottiyur Sub Registrar Office handles property registrations for Donbosco Nagar, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What is the land classification for Donbosco Nagar?

The land classification for Donbosco Nagar is Residential Special Type - II, indicating its designated use for residential purposes.