Guideline Value for Dilip Nagar

Dilip Nagar guideline value

The current guideline value of Dilip Nagar, located in Vepery village under the Periamet SRO, is Rs 2,700 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class IV Type - I.

How the guideline value of Dilip Nagar has changed

Over the years, the guideline value of Dilip Nagar has undergone several revisions. The earliest recorded figure is from 2007, which was Rs 600 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in 2012, marking a substantial rise of 317%. However, the value then dropped to Rs 1,675 per sq.ft in 2017, a decrease of 33%. The subsequent revision in 2023 saw the value rise again to Rs 2,500 per sq.ft, followed by another increase to Rs 2,700 per sq.ft in 2024, reflecting an 8% change from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 350%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Vepery

In Vepery, there are 290 streets under the Periamet SRO that have a 2024 guideline value ranging from Rs 2,200 to Rs 22,000 per sq.ft, with a median value of Rs 4,800 per sq.ft. The guideline value of Dilip Nagar is below this median.

• Dharmaraja Koil Street: Rs 3,300 per sq.ft (2024)
• Dr.Ambedkar Nagar: Rs 2,700 per sq.ft (2024)
• Dr.Ansari 1st Lane: Rs 2,700 per sq.ft (2024)
• Dr.Ansari 2nd lane: Rs 2,700 per sq.ft (2024)
• Dr.Ansari KanagarajaThottam: Rs 2,700 per sq.ft (2024)
• Depot street: Rs 6,000 per sq.ft (2024)

Stamp duty and registration fee for property in Dilip Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. 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 Dilip Nagar?

The Sub Registrar Office that covers Dilip Nagar is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vepery. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Dilip Nagar?

The current guideline value of Dilip Nagar is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 350% over the years.

What is the classification of land in Dilip Nagar?

Dilip Nagar is classified as Residential Class IV Type - I, which indicates its use for residential purposes.

What are the stamp duty rates for properties in Dilip Nagar?

The stamp duty for properties in Dilip Nagar is charged at 7% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for Dilip Nagar is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.