Guideline Value for Divyadoss Nagar/Subramani Street

Divyadoss Nagar/Subramani Street guideline value

The current guideline value for Divyadoss Nagar/Subramani Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village, under the Pammal SRO, and is classified as Residential Class II Type - I.

How the guideline value of Divyadoss Nagar/Subramani Street has changed

In the 2017 revision, the guideline value was Rs 670 per sq.ft. This figure increased significantly to Rs 1,000 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 set the guideline value at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft, with a median value of Rs 1,320 per sq.ft. The guideline value for Divyadoss Nagar/Subramani Street is below this median.

• Divyadoss Nagar: Rs 1,100 per sq.ft (2024)
• Dhanapal Street: Rs 1,100 per sq.ft (2024)
• Durgaiamman Mada Veethi: Rs 1,100 per sq.ft (2024)
• Devadoss Nagar: Rs 1,320 per sq.ft (2024)
• Devabalan Nagar: Rs 1,320 per sq.ft (2024)
• E.C.T.V Nagar: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Divyadoss Nagar/Subramani Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Divyadoss Nagar/Subramani Street?

The Sub Registrar Office covering Divyadoss Nagar/Subramani Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial metric used during the registration of property transactions in Pozhichalur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling a property, the guideline value serves as a reference point for both parties. It is essential to be aware of the current guideline value to ensure compliance with local regulations and to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Divyadoss Nagar/Subramani Street?

The current guideline value for Divyadoss Nagar/Subramani Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 670 per sq.ft to Rs 1,100 per sq.ft in 2024, marking an overall increase of 64%.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles property registration for Divyadoss Nagar/Subramani Street?

The Pammal Sub Registrar Office is responsible for property registration in Divyadoss Nagar/Subramani Street, located on Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How does the guideline value affect property transactions?

The guideline value affects property transactions by setting a minimum registration value, which in turn determines the stamp duty and registration fees payable. It is important for buyers and sellers to be aware of this value to ensure compliance during registration.