Guideline Value for Dalmia Nagar

Dalmia Nagar guideline value

The current guideline value of Dalmia Nagar, located in Keelakazhani village under the Gooduvancheri SRO, is Rs 600 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Dalmia Nagar has changed

Over the years, the guideline value of Dalmia Nagar has seen several revisions. The earliest recorded figure is from 2007, when the guideline value was Rs 70 per sq.ft. This increased significantly to Rs 600 per sq.ft in 2012, representing a remarkable rise of 757%. However, between 2012 and 2017, the value dropped to Rs 402 per sq.ft, a decrease of 33%. The value then increased to Rs 600 per sq.ft in 2023, remaining unchanged in the 2024 revision.

From 2017 to 2023, there was a notable increase of 49%, bringing the value back to Rs 600 per sq.ft. The current guideline value has remained consistent since the 2023 revision, indicating stability in the pricing for this street. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Keelakazhani

In Keelakazhani, there are 35 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 1,000 per sq.ft, with a median value of Rs 700 per sq.ft. Dalmia Nagar's 2024 guideline value is below this median.

• Ganapathi Nagar: Rs 700 per sq.ft (2024)
• Ashthalakshmi Nagar: Rs 700 per sq.ft (2024)
• J S Garden: Rs 600 per sq.ft (2024)
• J.S. Garden Phase-I: Rs 896 per sq.ft (2024)
• Kuberra Nagar: Rs 700 per sq.ft (2024)
• Mahalakshmi Nagar Phase-I: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Dalmia Nagar

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total to Rs 54,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dalmia Nagar?

The Dalmia 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 Keelakazhani

The guideline value is a crucial factor in the registration process when buying or selling property in Keelakazhani. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a value that reflects the established rates in the area.

When a property is sold, the buyer is required to pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions, and it also provides a measure of transparency in the real estate market.

Frequently asked questions

What is the current guideline value of Dalmia Nagar?

The current guideline value of Dalmia Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 70 per sq.ft in 2007 to Rs 600 per sq.ft in 2012, then dropped to Rs 402 per sq.ft in 2017, and returned to Rs 600 per sq.ft in 2023 and 2024.

What is the median guideline value in Keelakazhani?

The median guideline value in Keelakazhani is Rs 700 per sq.ft, with Dalmia Nagar's value being below this median.

What are the stamp duty and registration fees for Dalmia Nagar?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total cost would be Rs 54,000.

Which office handles registrations for Dalmia Nagar?

The Gooduvancheri Sub Registrar Office handles registrations for Dalmia Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.