Guideline Value for DVR SARATHI NAGAR PHASE I

Dvr Sarathi Nagar Phase I guideline value

The current guideline value of Dvr Sarathi Nagar Phase I is Rs 1,500 per sq.ft, effective from 1 July 2024. This area is located in Kannivakkam village, under the Thiruporur SRO. The land classification for this street is Residential Special Type - III.

How the guideline value of Dvr Sarathi Nagar Phase I has changed

In the 2023 revision, the guideline value for Dvr Sarathi Nagar was Rs 1,500 per sq.ft, which remained unchanged in the 2024 revision. The register does not have figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Therefore, the guideline value has seen no change from 2023 to 2024, with a consistent rate of Rs 1,500 per sq.ft across these two revisions.

Guideline values in Kannivakkam

In Kannivakkam, there are 32 streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 450 to Rs 2,389 per sq.ft, with a median value of Rs 1,050 per sq.ft. Dvr Sarathi Nagar's 2024 figure of Rs 1,500 per sq.ft is above this median.

• Dvr Sarathi Nagar: Rs 1,500 per sq.ft (2024)
• Ezhil Nagar: Rs 800 per sq.ft (2024)
• Compact Homes Haripriya: Rs 1,493 per sq.ft (2024)
• Ge Avenue: Rs 800 per sq.ft (2024)
• Ge Geo City: Rs 605 per sq.ft (2024)
• Ge Green Land: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Dvr Sarathi Nagar Phase I

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total charges to Rs 1,35,000. 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 Dvr Sarathi Nagar Phase I?

The Sub Registrar Office covering Dvr Sarathi Nagar Phase I is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration of property transactions in Kannivakkam. It is used to calculate the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps in determining the minimum price at which a property can be registered. This ensures transparency in transactions and helps prevent undervaluation of properties.

Frequently asked questions

What is the current guideline value of Dvr Sarathi Nagar Phase I?

The current guideline value of Dvr Sarathi Nagar Phase I is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Dvr Sarathi Nagar has remained at Rs 1,500 per sq.ft since the 2023 revision, with no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Dvr Sarathi Nagar Phase I?

The land classification for Dvr Sarathi Nagar Phase I is Residential Special Type - III.

What are the stamp duty and registration fees for properties in Dvr Sarathi Nagar?

For a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000, and the registration fee would be Rs 30,000, totaling Rs 1,35,000.

Which office handles registrations for Dvr Sarathi Nagar Phase I?

The Thiruporur Sub Registrar Office handles registrations for Dvr Sarathi Nagar Phase I, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.