Guideline Value for Dharma Varadhamani Nagar

Dharma Varadhamani Nagar guideline value

The current guideline value of Dharma Varadhamani Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Valarpuram village under the Sriperumpudur SRO and is classified as Residential Class III Type - I.

How the guideline value of Dharma Varadhamani Nagar has changed

The guideline value for Dharma Varadhamani Nagar has undergone several revisions over the years. The earliest recorded revision is from 2007, where the guideline value was Rs 175 per sq.ft. This increased to Rs 200 per sq.ft in 2012, reflecting a 14% rise. However, the value then decreased to Rs 134 per sq.ft in 2017, marking a 33% drop. The subsequent revision in 2023 maintained the value at Rs 200 per sq.ft, with no change from the previous year. As of 2024, the guideline value remains at Rs 200 per sq.ft, showing a 49% increase from the 2017 figure.

It is important to note that there are no recorded figures for Dharma Varadhamani Nagar in the revisions of 2002 and 2003. Overall, from 2007 to 2024, the guideline value has seen a total increase of 14%.

Guideline values in Valarpuram

In Valarpuram, there are 91 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 2,025 per sq.ft. The median guideline value in this area is Rs 300 per sq.ft, which means that the guideline value for Dharma Varadhamani Nagar is below this median.

• Dhanalakshmi Nagar: Rs 300 per sq.ft (2024)
• Devi Karumariamman Nagar: Rs 300 per sq.ft (2024)
• Chiyan Nagar: Rs 200 per sq.ft (2024)
• Chinna Valarpuram Mainroad: Rs 400 per sq.ft (2024)
• Chettiyar Street: Rs 200 per sq.ft (2024)
• Eswari Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Dharma Varadhamani Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees together to Rs 18,000. It is essential to note that duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Dharma Varadhamani Nagar?

The Sub Registrar Office that covers Dharma Varadhamani Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. To find more details, you can find your SRO.

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

The guideline value plays a crucial role in property transactions in Valarpuram. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid at the time of registration. This ensures that both buyers and sellers are aware of the official value set by the government for the property.

Additionally, the guideline value is essential for ensuring transparency in real estate transactions. It helps in preventing undervaluation or overvaluation of properties, thereby providing a fair basis for taxation and registration.

Frequently asked questions

What is the current guideline value of Dharma Varadhamani Nagar?

The current guideline value of Dharma Varadhamani Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 175 per sq.ft in 2007, rising to Rs 200 in 2012, dropping to Rs 134 in 2017, and remaining at Rs 200 in 2023 and 2024.

What is the median guideline value in Valarpuram?

The median guideline value in Valarpuram is Rs 300 per sq.ft, which means that the guideline value for Dharma Varadhamani Nagar is below this median.

Where is the Sub Registrar Office for Dharma Varadhamani Nagar located?

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

How is stamp duty calculated for properties in Dharma Varadhamani Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000, resulting in a stamp duty of Rs 14,000.