Guideline Value for Dalmia Nagar

Dalmia Nagar guideline value

The current guideline value of Dalmia Nagar, located in Kattupakkam village under the Gooduvancheri SRO, is Rs 500 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Dalmia Nagar has changed

The guideline value for Dalmia Nagar has undergone several revisions over the years. The earliest recorded figure is from 2007, when the guideline value was Rs 160 per sq.ft. This increased significantly to Rs 500 per sq.ft in 2012, marking a 213% increase. However, it dropped to Rs 335 per sq.ft in 2017, a decrease of 33%. The value remained at Rs 500 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

From 2017 to 2023, there was a notable increase of 49%. Overall, comparing the 2007 revision to the current 2024 figure, there has been a total increase of 213% in the guideline value.

Guideline values in Kattupakkam

Kattupakkam village has 27 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 1,500 per sq.ft, with the median being Rs 500 per sq.ft. Dalmia Nagar's 2024 guideline value aligns with this median.

• Dr.Abdul Kalam Nagar: Rs 400 per sq.ft (2024)
• Arulmigu Mupathamman Nagar: Rs 450 per sq.ft (2024)
• Ishwarya Avenue: Rs 500 per sq.ft (2024)
• Ishwarya Nagar: Rs 500 per sq.ft (2024)
• Ishwarya Nagar Phase-II: Rs 400 per sq.ft (2024)
• Jawahar Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Dalmia Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty, charged at 7%, would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total fees to Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dalmia Nagar?

The Sub Registrar Office that covers Dalmia Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kattupakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must be aware that the guideline value influences the stamp duty and registration fees applicable during the sale process.

When purchasing a property, the buyer must ensure that the sale price is equal to or greater than the guideline value to avoid any legal complications during registration. The registration office will refer to the guideline value to calculate the necessary fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Dalmia Nagar?

The current guideline value of Dalmia Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most significant increase occurring from Rs 160 per sq.ft in 2007 to Rs 500 per sq.ft in 2012. The value has remained at Rs 500 per sq.ft since 2012, with no change from 2023 to 2024.

What is the land classification for Dalmia Nagar?

Dalmia Nagar is classified as Residential Special Type - I, which indicates its intended use for residential purposes.

Where can I find the Sub Registrar Office for Dalmia Nagar?

The Gooduvancheri Sub Registrar Office covers Dalmia Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How are stamp duty and registration fees calculated in Kattupakkam?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000 and the registration fee Rs 10,000, totaling Rs 45,000.