Guideline Value for David Nagar (Phase-1) Extn

David Nagar (Phase-1) Extn guideline value

The current guideline value of David Nagar (Phase-1) Extn is Rs 500 per sq.ft, effective from 1 July 2024. This property is located in Ammanambakkam village, under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of David Nagar (Phase-1) Extn has changed

The guideline value for David Nagar (Phase-1) Extn has seen several revisions over the years. In 2007, the value was Rs 175 per sq.ft, which increased to Rs 500 per sq.ft in 2012. This was followed by a decrease to Rs 335 per sq.ft in 2017. The value then remained steady at Rs 500 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years. The register has no figures for this street in 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by 186%. The significant changes include a 186% rise from 2007 to 2012, a 33% decrease from 2012 to 2017, and a 49% increase from 2017 to 2023.

Guideline values in Ammanambakkam

In Ammanambakkam, there are 15 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 500 per sq.ft, with the median being Rs 500 per sq.ft. David Nagar (Phase-1) Extn's 2024 figure is equal to this median.

• David Nagar (Phase-1): Rs 500 per sq.ft (2024)
• David Nagar (Phase-2): Rs 500 per sq.ft (2024)
• David Nagar (Phase-3): Rs 500 per sq.ft (2024)
• Babu Nagar: Rs 400 per sq.ft (2024)
• Arunachaleeswarar Farm land: Rs 400 per sq.ft (2024)
• Annai Abirami Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in David Nagar (Phase-1) Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total fees together to Rs 45,000. 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 further calculations.

Which Sub Registrar Office covers David Nagar (Phase-1) Extn?

The Sub Registrar Office covering David Nagar (Phase-1) Extn is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Ammanambakkam. It is used to determine the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the current guideline value to ensure compliance with legal requirements. This value is regularly updated and reflects the official rates set by the Registration Department.

Frequently asked questions

What is the current guideline value of David Nagar (Phase-1) Extn?

The current guideline value of David Nagar (Phase-1) Extn is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 175 per sq.ft in 2007 to Rs 500 per sq.ft in 2012, then decreased to Rs 335 per sq.ft in 2017, and remained at Rs 500 per sq.ft in both 2023 and 2024.

What is the land classification for David Nagar (Phase-1) Extn?

The land classification for David Nagar (Phase-1) Extn is Residential Special Type - I.

Where is the Gooduvancheri Sub Registrar Office located?

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

How is the stamp duty calculated for properties in David Nagar (Phase-1) Extn?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 35,000.