Guideline Value for Dinesh Nagar

Dinesh Nagar guideline value

The current guideline value of Dinesh Nagar, located in 44.Ayanambakkam village under the Konnur SRO, is Rs 1,300 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Dinesh Nagar has changed

In the 2017 revision, the guideline value was Rs 804 per sq.ft. This increased to Rs 1,200 per sq.ft in the 2023 revision, marking a significant rise of 49%. The current 2024 revision reflects another increase to Rs 1,300 per sq.ft, which is an 8% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 62%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 9,702 per sq.ft. The median value is Rs 1,300 per sq.ft, which is equal to the guideline value of Dinesh Nagar.

• Dinesh Nagar Balaji Main Road: Rs 1,300 per sq.ft (2024)
• Dinesh Nagar Bharathidasan Street: Rs 1,300 per sq.ft (2024)
• Dinesh Nagar Elango Street: Rs 1,300 per sq.ft (2024)
• Dinesh Nagar Gandhi Street: Rs 1,300 per sq.ft (2024)
• Dinesh Nagar Main Road: Rs 1,300 per sq.ft (2024)
• Dinesh Nagar Sriram Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Dinesh Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total cost for these fees to Rs 1,17,000. 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 information on calculating these fees.

Which Sub Registrar Office covers Dinesh Nagar?

The Konnur Sub Registrar Office covers Dinesh Nagar. The office is located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more details.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value is a crucial factor when registering property transactions in 44.Ayanambakkam. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that all transactions are conducted transparently and fairly.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that need to be paid. This ensures that the government receives its due revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Dinesh Nagar?

The current guideline value of Dinesh Nagar is Rs 1,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 804 per sq.ft in 2017 to Rs 1,300 per sq.ft in 2024, an overall increase of 62% over this period.

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

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000 for these fees.

Which office handles property registrations in Dinesh Nagar?

The Konnur Sub Registrar Office handles property registrations in Dinesh Nagar, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

Are there any years without guideline values for Dinesh Nagar?

Yes, the register has no figures for Dinesh Nagar for the years 2002, 2003, 2007, and 2012.