Guideline Value for David Nagar (Phase-3)

David Nagar (Phase-3) guideline value

The current guideline value of David Nagar (Phase-3) 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-3) has changed

The guideline value for David Nagar (Phase-3) has seen several revisions over the years. In 2007, the value was Rs 175 per sq.ft, which increased significantly to Rs 500 per sq.ft in 2012. However, it dropped to Rs 335 per sq.ft in 2017, before rising again to Rs 500 per sq.ft in both 2023 and 2024, indicating no change from the previous year.

From 2017 to 2023, there was a notable increase of 49%. The overall change from 2007 to 2024 reflects an increase of 186%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

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 value being Rs 500 per sq.ft. David Nagar (Phase-3) aligns with this median value.

• David Nagar (Phase-2): Rs 500 per sq.ft (2024)
• David Nagar (Phase-1) Extn: Rs 500 per sq.ft (2024)
• David Nagar (Phase-1): 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-3)

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 is charged at 7%, resulting in Rs 35,000, and the registration fee is charged at 2%, amounting to Rs 10,000. Together, the total fees would be Rs 45,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers David Nagar (Phase-3)?

The Sub Registrar Office that covers David Nagar (Phase-3) is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-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 in the registration process of property transactions in Ammanambakkam. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of David Nagar (Phase-3)?

The current guideline value of David Nagar (Phase-3) 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 are the other streets in Ammanambakkam with similar guideline values?

Other streets in Ammanambakkam that have a 2024 guideline value of Rs 500 per sq.ft include David Nagar (Phase-1), David Nagar (Phase-1) Extn, and Annai Abirami Nagar.

What are the stamp duty and registration fees for a property in David Nagar (Phase-3)?

For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000 and the registration fee would be Rs 10,000, totaling Rs 45,000.

Which office handles property registrations in David Nagar (Phase-3)?

The Gooduvancheri Sub Registrar Office handles property registrations in David Nagar (Phase-3), located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.