Guideline Value for DVR PRADHAN NAGAR

Dvr Pradhan Nagar guideline value

The current guideline value of Dvr Pradhan Nagar is Rs 2,000 per sq.ft, as per the 2023 revision. This street is located in Mambakkam village under the Gooduvancheri SRO, and the land classification is Mixed Type - I.

How the guideline value of Dvr Pradhan Nagar has changed

According to the guideline value register, the revisions for Dvr Pradhan Nagar show that there have been no figures recorded for the years 2002, 2003, 2007, 2012, and 2017. The only available figure is from the 2023 revision, which is Rs 2,000 per sq.ft.

As there are no changes between the revisions, the current guideline value remains consistent with the 2023 figure. There is no figure available for the 2024 revision for this street.

Guideline values in Mambakkam

Currently, there are no specific village figures available for Mambakkam. Dvr Pradhan Nagar is part of the streets under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Dvr Pradhan Nagar

For a 1,000 sq.ft plot at the current rate of Rs 2,000 per sq.ft, the guideline value amounts to Rs 20,00,000. The stamp duty at 7% would be Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, bringing the total to Rs 1,80,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dvr Pradhan Nagar?

The Dvr Pradhan Nagar area is covered by 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 Mambakkam

The guideline value plays a crucial role in the registration process when buying or selling property in Mambakkam. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the higher amount between the guideline value and the sale price is considered for calculating the applicable fees. This ensures that the transaction is compliant with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Dvr Pradhan Nagar?

The current guideline value of Dvr Pradhan Nagar is Rs 2,000 per sq.ft, as per the 2023 revision.

What revisions have been made to the guideline value of Dvr Pradhan Nagar?

The guideline value register shows that there have been no figures recorded for the years 2002, 2003, 2007, 2012, and 2017. The only available figure is from the 2023 revision.

What is the stamp duty for property in Dvr Pradhan Nagar?

The stamp duty for property in Dvr Pradhan Nagar is charged at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a stamp duty of Rs 1,40,000 based on the current guideline value.

Where is the Gooduvancheri Sub Registrar Office located?

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

How is the guideline value determined for property transactions?

The guideline value is determined by the Registration Department and is used to calculate the stamp duty and registration fees during property transactions. It is essential for ensuring compliance with local regulations.