Guideline Value for Dinesh Nagar

Dinesh Nagar guideline value

The current guideline value of Dinesh Nagar, located in Mannoor village under the Sriperumpudur SRO, is Rs 300 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Dinesh Nagar has changed

Over the years, the guideline value for Dinesh Nagar has seen several revisions. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 300 per sq.ft. The 2017 revision marked a decrease to Rs 201 per sq.ft, reflecting a -33% change from the 2012 figure. The guideline value has remained stable at Rs 300 per sq.ft from 2012 through 2024, with no changes recorded between the 2023 and 2024 revisions, which both stand at Rs 300 per sq.ft.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. The significant change from the 2017 to 2023 revision was an increase of 49%, bringing the value back to Rs 300 per sq.ft in 2023, and maintaining that value through to 2024.

Guideline values in Mannoor

Mannoor village has a total of 56 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 100 to Rs 1,500 per sq.ft, with a median value of Rs 250 per sq.ft. Dinesh Nagar's 2024 guideline value of Rs 300 per sq.ft is above this median.

• Dharani Grand: Rs 500 per sq.ft (2024)
• Cresent Nagar: Rs 250 per sq.ft (2024)
• Beauty Farms & Resorts: Rs 300 per sq.ft (2024)
• Beauty Dreams: Rs 300 per sq.ft (2024)
• Grand J.V.Nagar: Rs 700 per sq.ft (2024)
• Balaji Nagar: Rs 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 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty, charged at 7%, would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dinesh Nagar?

The Sub Registrar Office that covers Dinesh Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor in the registration process for property transactions in Mannoor. When buying or selling property, the guideline value serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on an official valuation.

It is essential for buyers and sellers to be aware of the current guideline value as it impacts the overall cost of property transactions. Understanding these values can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Dinesh Nagar?

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2012 to 2024, with a notable increase of 49% from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023.

What is the land classification of Dinesh Nagar?

Dinesh Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

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

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur total fees of Rs 27,000 based on the current guideline value.

Which office handles property registrations in Dinesh Nagar?

The Sriperumpudur Sub Registrar Office handles property registrations for Dinesh Nagar, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.