Guideline Value for DURGA NAGAR PART - II

Durga Nagar Part - II guideline value

The current guideline value of Durga Nagar Part - II is Rs 1,050 per sq.ft. This area is located in Atanancheri village and falls under the Gooduvancheri SRO. The land classification for this street is Mixed Special Type - II.

How the guideline value of Durga Nagar Part - II has changed

According to the guideline value register, the revisions for Durga Nagar Part - II show that there has been no change in the guideline value from the 2023 revision to the 2024 revision, with both set at Rs 1,050 per sq.ft. The previous revisions from the years 2017, 2012, 2007, 2003, and 2002 do not have any figures recorded for this street.

This indicates that the guideline value has remained stable at Rs 1,050 per sq.ft for the last two revisions. The 2024 revision, effective from 1 July 2024, maintains the same value as the 2023 revision, reflecting a change of +0% between these two years.

Guideline values in Atanancheri

In Atanancheri, there are a total of 83 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 400 to Rs 2,500 per sq.ft. The median guideline value in this area is Rs 700 per sq.ft, which means that Durga Nagar Part - II's 2024 figure is above the median.

• Durga Nagar Part - I: Rs 1,050 per sq.ft (2024)
• Dr.Jayasingh Nagar-I,II: Rs 700 per sq.ft (2024)
• Dhorupathi Amman Nagar: Rs 700 per sq.ft (2024)
• Dhinesh Avenue: Rs 500 per sq.ft (2024)
• Ganapathi Nagar: Rs 700 per sq.ft (2024)
• Deivanai Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Durga Nagar Part - II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,050 per sq.ft, the total guideline value would be Rs 10,50,000. The stamp duty at 7% would amount to Rs 73,500, and the registration fee at 2% would be Rs 21,000, totaling Rs 94,500. 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 detailed calculations.

Which Sub Registrar Office covers Durga Nagar Part - II?

The Sub Registrar Office that covers Durga Nagar Part - II is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

To find more information, you can find your SRO.

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

The guideline value is a crucial figure used during the registration of property transactions in Atanancheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that both buyers and sellers are aware of the minimum value at which the property can be registered.

When a property is sold, the guideline value helps in establishing a fair price for the transaction. It is important for buyers to be aware of the guideline value to understand the financial implications of their purchase, including the associated duties and fees.

Frequently asked questions

What is the current guideline value of Durga Nagar Part - II?

The current guideline value of Durga Nagar Part - II is Rs 1,050 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained constant at Rs 1,050 per sq.ft from the 2023 revision to the 2024 revision. There are no recorded figures for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for Durga Nagar Part - II?

Durga Nagar Part - II is classified as Mixed Special Type - II, which indicates the type of development and usage permitted in this area.

How is stamp duty calculated for properties in Durga Nagar Part - II?

Stamp duty for properties in Durga Nagar Part - II is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 1,050 per sq.ft would incur a stamp duty of Rs 73,500.

Where can I find the Sub Registrar Office for Durga Nagar Part - II?

The Sub Registrar Office for Durga Nagar Part - II is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find more information about this office online.