Guideline Value for David Nagar

David Nagar guideline value

The current guideline value of David Nagar, located in Pulikoradu village under the Tambaram Joint 1 SRO, is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - III.

How the guideline value of David Nagar has changed

The guideline value for David Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which remained the same until the 2017 revision, where it dropped to Rs 1,005 per sq.ft, marking a decrease of 33%. Following this, the 2023 revision increased the value to Rs 1,500 per sq.ft, and the current 2024 revision further raised it to Rs 1,650 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%, bringing the value back to the 2012 level. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Pulikoradu

In Pulikoradu, there are 62 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 6,600 per sq.ft, with a median value of Rs 880 per sq.ft. The guideline value of David Nagar at Rs 1,650 per sq.ft is above this median.

• Devi Granites: Rs 880 per sq.ft (2024)
• Burma colony 3rd nagar: Rs 880 per sq.ft (2024)
• Burma colony 2nd nagar: Rs 880 per sq.ft (2024)
• Burma colony 1st nagar: Rs 880 per sq.ft (2024)
• Burma Colony: Rs 880 per sq.ft (2024)
• East Street: Rs 880 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 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total cost to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers David Nagar?

The Sub Registrar Office that covers David Nagar is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Pulikoradu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps in assessing the fair value of the property, and both buyers and sellers must be aware of these values to avoid discrepancies during registration. It is advisable to check the latest guideline values before proceeding with any transaction.

Frequently asked questions

What is the current guideline value of David Nagar?

The current guideline value of David Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,650 per sq.ft in 2024, with fluctuations in between, including a drop to Rs 1,005 per sq.ft in 2017.

What is the classification of land in David Nagar?

David Nagar is classified as Residential Class I Type - III, which indicates its intended use for residential purposes.

Where can I find the Sub Registrar Office for David Nagar?

The Sub Registrar Office for David Nagar is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

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

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500.