Guideline Value for DUVARAGA NAGAR

Duvaraga Nagar guideline value

The current guideline value of Duvaraga Nagar, located in Sadayankuppam village under the Thiruvottiyur SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Duvaraga Nagar has changed

Over the years, the guideline value for Duvaraga Nagar has seen significant changes. The 2007 revision set the value at Rs 250 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012, marking a substantial rise of 300%. However, the value dropped to Rs 670 per sq.ft in the 2017 revision, a decrease of 33%. The 2023 revision brought it back up to Rs 1,000 per sq.ft, and the latest revision in 2024 has set the value at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

Looking at the overall changes, from the 2007 revision to the current 2024 figure, there has been a remarkable increase of 340%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Sadayankuppam

In Sadayankuppam, there are 20 streets under the Thiruvottiyur SRO that have a guideline value for 2024, ranging from Rs 1,000 to Rs 1,200 per sq.ft, with a median value of Rs 1,002 per sq.ft. The guideline value for Duvaraga Nagar is above this median.

• Dr. M.G.R. Nagar: Rs 1,100 per sq.ft (2024)
• Gandhi Nagar: Rs 1,000 per sq.ft (2024)
• Burma Nagar: Rs 1,001 per sq.ft (2024)
• Jeinfer Nagar: Rs 1,100 per sq.ft (2024)
• K.G.L. Nagar: Rs 1,002 per sq.ft (2024)
• Mallika Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Duvaraga Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, while the registration fee at 2% would be Rs 22,000, bringing the total cost to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Duvaraga Nagar?

The Sub Registrar Office that covers Duvaraga 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 Sadayankuppam

The guideline value plays a crucial role during the registration of property transactions in Sadayankuppam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state collects appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the current guideline value, as it affects the overall costs involved in the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Duvaraga Nagar?

The current guideline value of Duvaraga Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 250 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 340% over the years.

What are the stamp duty and registration fees in Duvaraga Nagar?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles property registrations for Duvaraga Nagar?

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

What is the land classification for Duvaraga Nagar?

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