Guideline Value for Dharman Nagar

Dharman Nagar guideline value

The current guideline value of Dharman Nagar, located in Nandhivaram village under the Gooduvancheri SRO, is Rs 1,200 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Dharman Nagar has changed

Over the years, the guideline value of Dharman Nagar has seen several revisions. The earliest recorded value in 2002 was Rs 88 per sq.ft, which increased to Rs 328 per sq.ft in 2007, marking a significant rise of 273%. In 2012, the value reached Rs 1,200 per sq.ft, reflecting an increase of 266%. However, the value dropped to Rs 804 per sq.ft in 2017, a decrease of 33%. Following this, the value remained stable at Rs 1,200 per sq.ft in both 2023 and 2024, indicating no change from the previous year.

In summary, from the 2002 revision to the 2024 revision, the overall increase in the guideline value is 1264%. Notably, there is no figure available for the year 2003 in the register for this street.

Guideline values in Nandhivaram

In Nandhivaram, there are 169 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 1,500 per sq.ft, placing Dharman Nagar's 2024 figure below that median.

• Dhanalakshmi Nagar Extn.: Rs 1,200 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 1,200 per sq.ft (2024)
• Devaraj Nagar: Rs 1,200 per sq.ft (2024)
• Defence Colony 9th Cross Street: Rs 1,500 per sq.ft (2024)
• Defence Colony 3rd Cross Street: Rs 1,500 per sq.ft (2024)
• Defence Colony 1to 8 Streets: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Dharman Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,200 per sq.ft, the guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, totaling Rs 1,08,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Dharman Nagar?

The Sub Registrar Office that covers Dharman Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Nandhivaram. It serves as a benchmark for determining the stamp duty and registration fees applicable on property sales, ensuring that the government receives the appropriate revenue from real estate transactions.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property can be registered. This ensures transparency and compliance with local regulations during the transaction process.

Frequently asked questions

What is the current guideline value of Dharman Nagar?

The current guideline value of Dharman Nagar is Rs 1,200 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 88 per sq.ft in 2002 to Rs 1,200 per sq.ft in 2024, marking an overall increase of 1264% over this period.

What is the median guideline value in Nandhivaram?

The median guideline value for streets in Nandhivaram is Rs 1,500 per sq.ft, with Dharman Nagar's value being below this median.

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

For a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000 and the registration fee would be Rs 24,000, totaling Rs 1,08,000.

Which office handles property registrations in Dharman Nagar?

The Gooduvancheri Sub Registrar Office handles property registrations in Dharman Nagar, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone.