Guideline Value for DVR SARATHI NAGAR

Dvr Sarathi Nagar guideline value

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

How the guideline value of Dvr Sarathi Nagar has changed

The guideline value for Dvr Sarathi Nagar has remained consistent in recent revisions. The 2023 revision recorded a guideline value of Rs 1,500 per sq.ft, which is the same as the 2024 revision. Prior to these years, the register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

In summary, there has been no change in the guideline value from 2023 to 2024, which reflects a stable valuation at Rs 1,500 per sq.ft for both years.

Guideline values in Kannivakkam

Kannivakkam village has a total of 32 streets under the Thiruporur SRO, with the 2024 guideline values ranging from Rs 450 to Rs 2,389 per sq.ft. The median guideline value in this village is Rs 1,050 per sq.ft, positioning Dvr Sarathi Nagar above this median.

• Dvr Sarathi Nagar Phase I: 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

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. 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 Dvr Sarathi Nagar?

The Dvr Sarathi Nagar area falls under 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 a crucial factor during the registration process of property transactions in Kannivakkam. 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 official valuation of the property.

When buying or selling property, the guideline value helps in assessing the legal and financial implications of the transaction. It is essential for buyers to understand this value as it influences the overall costs associated with property ownership.

Frequently asked questions

What is the current guideline value of Dvr Sarathi Nagar?

The current guideline value of Dvr Sarathi Nagar 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 unchanged at Rs 1,500 per sq.ft from 2023 to 2024. The register has no figure for this street in the years 2017, 2012, 2007, 2003, and 2002.

What are the guideline values for other streets in Kannivakkam?

The guideline values for other streets in Kannivakkam vary, with rates ranging from Rs 450 to Rs 2,389 per sq.ft. Dvr Sarathi Nagar's value is higher than the median value of Rs 1,050 per sq.ft.

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

For a property valued at Rs 15,00,000 in Dvr Sarathi Nagar, the stamp duty would be Rs 1,05,000 and the registration fee would be Rs 30,000, totaling Rs 1,35,000. Duty is charged on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Dvr Sarathi Nagar located?

The Thiruporur Sub Registrar Office, which covers Dvr Sarathi Nagar, is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.