Guideline Value for Daga Nagar

Daga Nagar guideline value

The current guideline value of Daga Nagar, located in Chettipunniyam village, is Rs 1,500 per sq.ft, effective from 1 July 2024. This area falls under the Chengleput Joint II SRO and is classified as Mixed Special Type - I.

How the guideline value of Daga Nagar has changed

Over the years, the guideline value of Daga Nagar has seen several revisions. The 2007 revision set the value at Rs 325 per sq.ft, which increased significantly by 362% to Rs 1,500 per sq.ft in the 2012 revision. However, the 2017 revision saw a decrease to Rs 1,005 per sq.ft, a decline of 33%. The value then rose again to Rs 1,500 per sq.ft in both the 2023 and 2024 revisions, showing no change between these two years.

Notably, there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from the 2007 revision to the 2024 revision, there has been an increase of 362% in the guideline value.

Guideline values in Chettipunniyam

In Chettipunniyam, there are 47 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 700 to Rs 4,750 per sq.ft. The median value for these streets is Rs 900 per sq.ft, placing Daga Nagar's 2024 figure above this median.

• Chennais Enclave: Rs 1,800 per sq.ft (2024)
• Bhavani Nagar: Rs 1,200 per sq.ft (2024)
• Ganesan Nagar: Rs 900 per sq.ft (2024)
• Balaji Nagar: Rs 1,200 per sq.ft (2024)
• G.K. Avenue: Rs 900 per sq.ft (2024)
• Azhagiri Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Daga 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 to Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Daga Nagar?

The Sub Registrar Office covering Daga Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Chettipunniyam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, both the buyer and seller must consider the guideline value, as it plays a significant role in the overall transaction process. It is essential to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Daga Nagar?

The current guideline value of Daga 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 has changed from Rs 325 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, then decreased to Rs 1,005 per sq.ft in 2017. It has remained at Rs 1,500 per sq.ft for the revisions in 2023 and 2024.

What is the land classification for Daga Nagar?

Daga Nagar is classified as Mixed Special Type - I, indicating its diverse land use potential.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Daga Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 15,00,000 would incur a stamp duty of Rs 1,05,000 at 7%.