Guideline Value for Darga Street

Darga Street guideline value

The current guideline value of Darga Street in Molachoor village is Rs 600 per sq.ft, effective from 1 July 2024. This street falls under the Sunguvarchattram SRO and is classified as Residential Special Type - III.

How the guideline value of Darga Street has changed

The guideline value for Darga Street has undergone several revisions over the years. The 2024 revision maintains the value at Rs 600 per sq.ft, which is the same as the 2023 revision. Prior to that, the 2017 revision recorded a value of Rs 402 per sq.ft, representing a 49% increase from 2017 to 2023. The 2012 revision also had a value of Rs 600 per sq.ft, indicating a decrease of 33% from the 2012 figure to the 2017 figure. Overall, from 2012 to 2024, the guideline value remains unchanged at Rs 600 per sq.ft.

The register has no figure for Darga Street for the years 2002, 2003, and 2007. This means that the first recorded value for this street was in 2012, and it has fluctuated since then, but the current value is consistent with the median for the village.

Guideline values in Molachoor

In Molachoor, there are 112 streets under the Sunguvarchattram SRO that have a 2024 guideline value, ranging from Rs 300 to Rs 2,000 per sq.ft. Darga Street's 2024 figure of Rs 600 per sq.ft is equal to the median value for the village.

• Doctor Ambethkar Street: Rs 700 per sq.ft (2024)
• Domnic Nagar: Rs 605 per sq.ft (2024)
• Dream Land Nagar: Rs 605 per sq.ft (2024)
• Ccm Green Garden: Rs 300 per sq.ft (2024)
• Elango Street: Rs 600 per sq.ft (2024)
• Eswar Avenue: Rs 605 per sq.ft (2024)

Stamp duty and registration fee for property in Darga Street

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. 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 information on fees applicable to your property transaction.

Which Sub Registrar Office covers Darga Street?

The Sub Registrar Office that covers Darga Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Molachoor, as it determines the minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value serves as a reference point for the transaction. It is essential for both parties to agree on a sale price that meets or exceeds the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Darga Street?

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

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent being Rs 600 per sq.ft in both 2023 and 2024. The value increased from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2012, showing a significant change over the years.

What is the land classification of Darga Street?

Darga Street is classified as Residential Special Type - III under the current guidelines.

Where is the Sub Registrar Office for Darga Street located?

The Sub Registrar Office for Darga Street is located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for property in Darga Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 600 per sq.ft would incur a stamp duty of Rs 42,000.