Guideline Value for Dans Pettai

Dans Pettai guideline value

The current guideline value of Dans Pettai is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Uthiramerur village, under the Uthiramerur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Dans Pettai has changed

Over the years, the guideline value for Dans Pettai has seen several revisions. The earliest recorded figure is from 2007, when the value was Rs 147 per sq.ft. This figure increased significantly to Rs 1,000 per sq.ft in 2012, marking a 580% rise. However, it then decreased to Rs 670 per sq.ft in 2017, a drop of 33%. The value remained at Rs 1,000 per sq.ft in 2023 and continues to be the same in the 2024 revision, indicating no change from the previous year.

It is important to note that there are no recorded figures for Dans Pettai in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 580%.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,800 per sq.ft, with a median value of Rs 800 per sq.ft. The guideline value for Dans Pettai is above this median.

• ChettiPettai: Rs 200 per sq.ft (2024)
• Dhurgaiyamman Koil 2nd Street: Rs 700 per sq.ft (2024)
• Dhurgaiyamman Koil 3rd Street: Rs 700 per sq.ft (2024)
• Dhurgaiyamman Koil Street 1st Street: Rs 700 per sq.ft (2024)
• Bazar Street: Rs 1,500 per sq.ft (2024)
• Balaji Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Dans Pettai

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value is Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total to Rs 90,000. 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 more detailed calculations.

Which Sub Registrar Office covers Dans Pettai?

The Sub Registrar Office that covers Dans Pettai is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Uthiramerur. It serves as the minimum value for the property on which stamp duty and registration fees are calculated. When buying or selling property, the guideline value is used to determine the taxes that need to be paid during registration.

This ensures that the property is registered at a value that reflects the established rates set by the government, thus maintaining transparency in property transactions. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Dans Pettai?

The current guideline value of Dans Pettai is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 147 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, and has remained at Rs 1,000 per sq.ft in 2023 and 2024.

What is the median guideline value in Uthiramerur?

The median guideline value in Uthiramerur is Rs 800 per sq.ft, with Dans Pettai's value being above this median at Rs 1,000 per sq.ft.

What are the stamp duty and registration fees for property in Dans Pettai?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000.

Where is the Sub Registrar Office for Dans Pettai located?

The Sub Registrar Office for Dans Pettai is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.