Guideline Value for DPS NAGAR

Dps Nagar guideline value

The current guideline value of Dps Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Palur-A village under the Chengleput Joint II SRO, classified as Residential Special Type - I.

How the guideline value of Dps Nagar has changed

The guideline value for Dps Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 400 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 268 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2012.

From 2017 to 2023, there was a significant increase of 49%, and the overall change from 2017 to 2024 is also +49%. The guideline value has remained stable at Rs 400 per sq.ft from 2023 to 2024.

Guideline values in Palur-A

In Palur-A, there are 44 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 600 per sq.ft, with a median of Rs 400 per sq.ft. Dps Nagar's 2024 figure matches this median.

• Ganapathy Nagar: Rs 400 per sq.ft (2024)
• Ceeon Nagar: Rs 400 per sq.ft (2024)
• Cauvery Nagar: Rs 400 per sq.ft (2024)
• Gangadaran Nagar: Rs 400 per sq.ft (2024)
• Birundhavan Nagar: Rs 400 per sq.ft (2024)
• Grace Avenue: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Dps Nagar

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. 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 Dps Nagar?

The Sub Registrar Office that covers Dps 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 Palur-A

The guideline value is a crucial factor during the registration of property in Palur-A. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency and accountability in property dealings. It is important 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 Dps Nagar?

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

How has the guideline value changed over the years?

The guideline value of Dps Nagar has remained at Rs 400 per sq.ft from 2023 to 2024, increased by 49% from Rs 268 per sq.ft in 2017 to 2023, and has an overall increase of 49% from 2017 to 2024.

What is the land classification for Dps Nagar?

Dps Nagar is classified as Residential Special Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Dps Nagar?

The Chengleput Joint II Sub Registrar Office covers Dps Nagar and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Dps Nagar?

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