Guideline Value for Deepak Nagar

Deepak Nagar guideline value

The current guideline value of Deepak Nagar, located in Pillaippakkam-A village, under the Sriperumpudur SRO, is Rs 300 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Deepak Nagar has changed

The guideline value for Deepak Nagar has seen several revisions over the years. The most recent revision in 2024 maintains the guideline value at Rs 300 per sq.ft, which is the same as the 2023 revision. Prior to that, the 2017 revision recorded a guideline value of Rs 201 per sq.ft.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. However, from 2023 to 2024, there was no change in the guideline value, remaining at Rs 300 per sq.ft. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Pillaippakkam-A

In Pillaippakkam-A, there are 49 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 1,254 per sq.ft. The median value for these streets is Rs 300 per sq.ft, which is equal to the guideline value of Deepak Nagar.

• Cyrstel Gardens: Rs 300 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 300 per sq.ft (2024)
• Bramanar Street: Rs 400 per sq.ft (2024)
• Erikkarai Street: Rs 200 per sq.ft (2024)
• Bhirundhavan Nagar: Rs 400 per sq.ft (2024)
• Ganapathy Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Deepak Nagar

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, making the total Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Deepak Nagar?

The Sub Registrar Office covering Deepak Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Pillaippakkam-A

The guideline value plays a crucial role during the registration of property transactions in Pillaippakkam-A. It is the basis for calculating stamp duty and registration fees, which are mandatory costs associated with property transactions.

When buying or selling property, the guideline value is used to determine the official value of the property for registration purposes. This ensures that the transaction is recorded accurately and that the appropriate taxes are paid to the government.

Frequently asked questions

What is the current guideline value of Deepak Nagar?

The current guideline value of Deepak Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2023 to 2024, and it increased by 49% from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023.

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

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

What are the stamp duty rates for property in Deepak Nagar?

The stamp duty rate for property in Deepak Nagar is 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000.

How is the guideline value determined for other streets in Pillaippakkam-A?

The guideline value for other streets in Pillaippakkam-A is determined by the Registration Department's guideline value register. The values can vary significantly, with rates ranging from Rs 100 to Rs 1,254 per sq.ft.