Guideline Value for David Nagar

David Nagar guideline value

The current guideline value of David Nagar is Rs 150 per sq.ft, effective from 1 July 2024. This area is located in Kolathur village under the Sriperumpudur SRO and is classified as Residential Class III Type - I.

How the guideline value of David Nagar has changed

The guideline value for David Nagar has undergone several revisions over the years. The earliest recorded revision is from 2007, where the value was Rs 50 per sq.ft. This increased to Rs 150 per sq.ft in 2012, marking a significant rise of 200%. However, in 2017, the value was adjusted to Rs 100 per sq.ft, reflecting a decrease of 33%. The value remained steady at Rs 150 per sq.ft in both 2023 and the upcoming 2024 revision, indicating no change from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 200%. The revisions for the years 2002 and 2003 do not have figures recorded for this street in the register.

Guideline values in Kolathur

In Kolathur, there are 45 streets under the Sriperumpudur SRO that carry a guideline value for 2024, ranging from Rs 100 to Rs 1,300 per sq.ft. The median guideline value for these streets is Rs 250 per sq.ft, placing David Nagar's 2024 figure below that median.

• Gandhi Nagar: Rs 300 per sq.ft (2024)
• G.E.C Nagar: Rs 150 per sq.ft (2024)
• Bajanai Koil Street: Rs 250 per sq.ft (2024)
• Guberan Garden: Rs 300 per sq.ft (2024)
• Ideal Forms: Rs 200 per sq.ft (2024)
• Annai Nagar Anex: Rs 300 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 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total fees to Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers David Nagar?

David Nagar falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kolathur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer and seller must consider the guideline value to ensure that the correct fees are calculated. This helps in maintaining transparency and compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of David Nagar?

The current guideline value of David Nagar is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 50 per sq.ft in 2007 to Rs 150 per sq.ft in 2012, then decreased to Rs 100 per sq.ft in 2017, and remained at Rs 150 per sq.ft in both 2023 and 2024.

What is the median guideline value for streets in Kolathur?

The median guideline value for streets in Kolathur is Rs 250 per sq.ft, with David Nagar's value being below this median.

What are the stamp duty and registration fees for property in David Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 1,50,000, leading to a stamp duty of Rs 10,500 and a registration fee of Rs 3,000, totaling Rs 13,500.

Where is the Sub Registrar Office for David Nagar located?

The Sriperumpudur Sub Registrar Office is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.