Guideline Value for Dharmasastha Nagar

Dharmasastha Nagar guideline value

The current guideline value of Dharmasastha Nagar, located in Nallur village under the Sriperumpudur SRO, is Rs 350 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is New House Site Type -III (Approved Lay-Out).

How the guideline value of Dharmasastha Nagar has changed

Over the years, the guideline value for Dharmasastha Nagar has seen several revisions. The 2012 revision set the value at Rs 350 per sq.ft, which remained unchanged in the subsequent 2017 revision. However, the 2017 revision marked a decrease of 33% from the previous figure of Rs 350 per sq.ft, bringing it down to Rs 234 per sq.ft. This was followed by a significant increase of 50% in the 2023 revision, which brought the value back up to Rs 350 per sq.ft. The 2024 revision has maintained this value, reflecting no change from the previous year.

It is important to note that the guideline register has no figures for the years 2002, 2003, and 2007 for this street. Therefore, the only significant revisions available are from 2012, 2017, 2023, and the current 2024 figure.

Guideline values in Nallur

In Nallur, there are 33 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 126 to Rs 700 per sq.ft. The median value for these streets is Rs 250 per sq.ft, placing Dharmasastha Nagar's 2024 figure above this median.

• Chelladurai Garden: Rs 175 per sq.ft (2024)
• Balaji nagar: Rs 250 per sq.ft (2024)
• Bajanai Koil Street: Rs 250 per sq.ft (2024)
• HiTech City: Rs 175 per sq.ft (2024)
• Indira Nagar: Rs 250 per sq.ft (2024)
• Indra Nagar part - II: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Dharmasastha Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value amounts to Rs 3,50,000. The stamp duty, charged at 7%, would be Rs 24,500, while the registration fee at 2% would be Rs 7,000, bringing the total fees to Rs 31,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Dharmasastha Nagar?

The Sub Registrar Office that covers Dharmasastha Nagar is 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 Nallur

The guideline value is a crucial factor in property transactions in Nallur, as it determines the amount of stamp duty and registration fees payable during the registration process. When buying or selling property, the guideline value serves as a benchmark for assessing the transaction value, ensuring that the appropriate taxes are levied based on the property’s assessed worth.

Additionally, the guideline value is used by the registration authorities to maintain transparency and fairness in property transactions. It helps in standardizing property values across different areas, making it easier for buyers and sellers to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Dharmasastha Nagar?

The current guideline value of Dharmasastha Nagar is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 350 per sq.ft in 2012 to Rs 234 per sq.ft in 2017, then back to Rs 350 per sq.ft in 2023 and 2024. The overall change from 2012 to 2024 is 0%.

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

For a plot of 1,000 sq.ft at the current guideline value, the stamp duty would be Rs 24,500 and the registration fee would be Rs 7,000, totaling Rs 31,500.

Which Sub Registrar Office covers Dharmasastha Nagar?

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

What is the land classification for Dharmasastha Nagar?

The land classification for Dharmasastha Nagar is New House Site Type -III (Approved Lay-Out).