Guideline Value for DURGA NAGAR PART - I

Durga Nagar Part - I guideline value

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

According to the register, there have been no figures recorded for Durga Nagar Part - I in the years 2002, 2003, 2007, 2012, and 2017. The guideline value was Rs 1,050 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these years, with an increase of 0% from 2023 to 2024.

The 2024 revision maintains the same guideline value as the previous year, reflecting a stable valuation for this street. The consistent figure of Rs 1,050 per sq.ft suggests a steady state in the guideline value for Durga Nagar Part - I.

Guideline values in Atanancheri

In Atanancheri, there are 83 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,500 per sq.ft, with a median value of Rs 700 per sq.ft. The guideline value for Durga Nagar Part - I is above this median, indicating its relatively higher valuation within the village.

• Durga Nagar Part - II: 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 - I

For a 1,000 sq.ft plot at the current guideline value of Rs 1,050 per sq.ft, the total guideline value amounts to Rs 10,50,000. The stamp duty is charged at 7%, which would be Rs 73,500, and the registration fee is charged at 2%, amounting to Rs 21,000. Together, the total charges would be Rs 94,500. It is important to note that 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 Durga Nagar Part - I?

The Sub Registrar Office that covers Durga Nagar Part - I is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property in Atanancheri. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. It is essential for both 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 Durga Nagar Part - I?

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

How has the guideline value changed over the years?

There have been no recorded figures for Durga Nagar Part - I in the years 2002, 2003, 2007, 2012, and 2017. The guideline value has remained at Rs 1,050 per sq.ft for both the 2023 and 2024 revisions.

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

The land classification for Durga Nagar Part - I is Mixed Special Type - II, indicating the type of development permissible in the area.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7%, and the registration fee is charged at 2% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot, these fees total Rs 94,500.

Where is the Sub Registrar Office for Durga Nagar Part - I located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.