Guideline Value for Dava Nagar

Dava Nagar guideline value

The current guideline value of Dava Nagar, located in Adhanoor village under the Gooduvancheri SRO, is Rs 1,000 per sq.ft. This value is effective from 1 July 2024 and applies to residential special type - I land classification.

How the guideline value of Dava Nagar has changed

Over the years, the guideline value of Dava Nagar has seen several revisions. The 2012 revision set the value at Rs 1,000 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 1,000 per sq.ft. The 2017 revision saw a decrease to Rs 670 per sq.ft, marking a significant drop of 33% from the previous figure. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, the guideline value increased by 49%, bringing it back to Rs 1,000 per sq.ft. Overall, from the 2012 revision to the current 2024 revision, the guideline value has remained stable at Rs 1,000 per sq.ft, indicating no change over this period.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 670 to Rs 3,000 per sq.ft. The median value is Rs 1,000 per sq.ft, which is the same as the guideline value for Dava Nagar. Below are some other streets in Adhanoor:

• Cresent Avenue: Rs 1,000 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 1,000 per sq.ft (2024)
• B.V.R. Nagar (I,II): Rs 1,000 per sq.ft (2024)
• Bhuvanesh Ward Homes: Rs 1,000 per sq.ft (2024)
• Bharathi Nagar Part -I: Rs 1,000 per sq.ft (2024)
• Bhagavath Ramanujar Town: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Dava Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, while the registration fee at 2% would be Rs 20,000, making the total charges Rs 90,000. It is important to note that the 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 information.

Which Sub Registrar Office covers Dava Nagar?

The Dava 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 further assistance.

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

The guideline value is a critical factor in the registration process when buying or selling property in Adhanoor. It determines the minimum value at which the property can be registered, ensuring that the transaction is documented at a fair price according to government standards.

When you register a property, the guideline value helps in calculating the stamp duty and registration fees, which are essential costs associated with the transaction. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Dava Nagar?

The current guideline value of Dava Nagar 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 remained stable at Rs 1,000 per sq.ft from 2012 to 2024. It decreased to Rs 670 per sq.ft in 2017 and then returned to Rs 1,000 per sq.ft in 2023.

What is the land classification for Dava Nagar?

Dava Nagar is classified as Residential Special Type - I, which is essential for understanding its usage and potential development.

Where can I find the Gooduvancheri Sub Registrar Office?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is the stamp duty calculated for property in Dava Nagar?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000.