Guideline Value for David Nagar

David Nagar guideline value

The current guideline value for David Nagar, located in Perungalathur village under the Padappai SRO, is Rs 3,960 per sq.ft, effective from 1 July 2024. This area is classified as Commercial Class I Type - I.

How the guideline value of David Nagar has changed

The guideline value for David Nagar has seen several revisions over the years. In 2007, the value was set at Rs 200 per sq.ft. This figure dramatically increased to Rs 3,600 per sq.ft in 2012, marking a significant rise of 1,700%. However, in 2017, the value decreased to Rs 2,412 per sq.ft, reflecting a drop of 33%. The value then increased again to Rs 3,600 per sq.ft in 2023, followed by the latest revision in 2024, which set the value at Rs 3,960 per sq.ft, an increase of 10% from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 1,880%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft, with a median value of Rs 2,310 per sq.ft. David Nagar's 2024 guideline value is above this median.

• Desamuthiyamman Koil Street: Rs 1,650 per sq.ft (2024)
• Devarajan Street: Rs 1,650 per sq.ft (2024)
• Corner Street Extn: Rs 1,980 per sq.ft (2024)
• Corner Street: Rs 1,980 per sq.ft (2024)
• Devika Nagar: Rs 1,990 per sq.ft (2024)
• Devi Karumari Amman Nagar: Rs 2,310 per sq.ft (2024)

Stamp duty and registration fee for property in David Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,960 per sq.ft, the total guideline value is Rs 39,60,000. The stamp duty at 7% would be Rs 2,77,200, and the registration fee at 2% would be Rs 79,200, bringing the total to Rs 3,56,400. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers David Nagar?

The Padappai Sub Registrar Office covers David Nagar. The office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Perungalathur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with registration requirements.

At the time of registration, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the government and the parties involved are aware of the property's value for legal and taxation purposes.

Frequently asked questions

What is the current guideline value of David Nagar?

The current guideline value of David Nagar is Rs 3,960 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 200 per sq.ft in 2007 to Rs 3,960 per sq.ft in 2024, reflecting an overall increase of 1,880% over this period.

What is the land classification of David Nagar?

David Nagar is classified as Commercial Class I Type - I, which influences its guideline value and potential uses.

Where can I find the registration office for David Nagar?

The registration office for David Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is stamp duty calculated in David Nagar?

Stamp duty in David Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value incurs a total stamp duty of Rs 2,77,200.