Guideline Value for Danduma Nagar

Danduma Nagar guideline value

The current guideline value of Danduma Nagar, located in Periyapalayam village, is Rs 200 per sq.ft, effective from the 2024 revision. This area falls under the Arani_Tiruvallur SRO and is classified as Residential Class III Type - I.

How the guideline value of Danduma Nagar has changed

Over the years, the guideline value for Danduma Nagar has seen several revisions. In 2007, the value was set at Rs 100 per sq.ft, which increased to Rs 200 per sq.ft in the 2012 revision. However, it dropped to Rs 134 per sq.ft in 2017. The most recent revisions in 2023 and 2024 have maintained the value at Rs 200 per sq.ft, showing no change from 2023 to 2024. The register has no figure for this street for the years 2002 and 2003.

From 2017 to 2023, there was a significant increase of 49%. The increase from 2007 to 2012 was 100%, while the overall change from 2007 to 2024 is also 100%. The fluctuations in the guideline value reflect the adjustments made over the years.

Guideline values in Periyapalayam

In Periyapalayam, there are 31 streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value, ranging from Rs 160 to Rs 600 per sq.ft. The guideline value of Danduma Nagar is equal to the median value of Rs 200 per sq.ft for this area.

• Darma Raja Kovil Street: Rs 250 per sq.ft (2024)
• B.V.S.Vasantham Nagar: Rs 200 per sq.ft (2024)
• Eswaran Koil Street: Rs 600 per sq.ft (2024)
• Bazzar Street: Rs 600 per sq.ft (2024)
• J.H. Nagar Annex: Rs 600 per sq.ft (2024)
• Kakkanji Nagar: Rs 160 per sq.ft (2024)

Stamp duty and registration fee for property in Danduma Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, leading to a total of Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Danduma Nagar?

Danduma Nagar is covered by the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Periyapalayam. It serves as the basis for calculating the stamp duty and registration fees that buyers must pay during the transaction. This ensures that the government receives its due revenue from property transactions.

When selling property, the guideline value helps in determining the minimum price at which a property can be sold. Buyers and sellers must be aware of this value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Danduma Nagar?

The current guideline value of Danduma Nagar is Rs 200 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, with the most notable changes being an increase from Rs 100 per sq.ft in 2007 to Rs 200 per sq.ft in 2012, and a drop to Rs 134 per sq.ft in 2017. The value has remained at Rs 200 per sq.ft for both 2023 and 2024.

What is the registration office for Danduma Nagar?

The registration office for Danduma Nagar is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101.

What are the stamp duty rates applicable in Danduma Nagar?

The stamp duty rate in Danduma Nagar is 7%, while the registration fee is 2%. These fees are calculated based on the guideline value or the sale price, whichever is higher.

How many streets are there in Periyapalayam with a guideline value?

There are 31 streets in Periyapalayam that carry a guideline value for the year 2024, with values ranging from Rs 160 to Rs 600 per sq.ft.