Guideline Value for Dhidir Nagar

Dhidir Nagar guideline value

The current guideline value of Dhidir Nagar, located in Zaminpallavaram village under the Pallavaram SRO, is Rs 3,300 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area is classified as Residential Class I Type - II.

How the guideline value of Dhidir Nagar has changed

Over the years, the guideline value of Dhidir Nagar has seen significant changes. The 2003 revision recorded a value of Rs 297 per sq.ft, which increased to Rs 600 per sq.ft in 2007, marking a rise of 102%. Following this, the value surged to Rs 3,000 per sq.ft in 2012, a staggering increase of 400%. However, the value dropped to Rs 2,010 per sq.ft in 2017, reflecting a decrease of 33%. The subsequent 2023 revision set the value at Rs 3,000 per sq.ft, before it rose to the current Rs 3,300 per sq.ft in 2024, which is a 10% increase.

In summary, from the 2003 revision to the 2024 revision, the overall increase in the guideline value is 1011%. It is important to note that the register has no figure for this street for the year 2002.

Guideline values in Zaminpallavaram

Zaminpallavaram village has a total of 638 streets under the Pallavaram SRO, with the 2024 guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median value is Rs 3,300 per sq.ft, which is equal to the current guideline value of Dhidir Nagar.

• Dhasan Street: Rs 3,300 per sq.ft (2024)
• Doctor Colony: Rs 2,750 per sq.ft (2024)
• Dharka Street Colony: Rs 4,400 per sq.ft (2024)
• Dharka Road South Side Salaikal: Rs 4,400 per sq.ft (2024)
• Dharka Road (Part West): Rs 4,400 per sq.ft (2024)
• Dharka North Side Road: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Dhidir Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, while the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dhidir Nagar?

The Sub Registrar Office that covers Dhidir Nagar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Zaminpallavaram, the guideline value is a critical factor used during the registration process. It determines the amount of stamp duty and registration fees that need to be paid, which are calculated based on the guideline value or the sale price, whichever is higher.

This ensures that the transaction is recorded at a value that reflects the current market conditions as set by the Registration Department. Buyers and sellers should be aware of the guideline value to ensure compliance with legal requirements during property transactions.

Frequently asked questions

What is the current guideline value of Dhidir Nagar?

The current guideline value of Dhidir Nagar is Rs 3,300 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 297 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 1011% over this period.

What is the land classification of Dhidir Nagar?

Dhidir Nagar is classified as Residential Class I Type - II, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For example, for a property valued at Rs 33,00,000, the total fees would be Rs 2,97,000.

Where is the Sub Registrar Office for Dhidir Nagar located?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.