Guideline Value for Divyadoss Nagar

Divyadoss Nagar guideline value

The current guideline value of Divyadoss Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This area 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 has changed

The guideline value of Divyadoss Nagar has seen significant changes over the years. In the 2007 revision, the value was set at Rs 400 per sq.ft. This increased to Rs 670 per sq.ft in 2017, marking a 68% rise. The subsequent revision in 2023 saw the value rise to Rs 1,000 per sq.ft, which was a 49% increase from the previous figure. The latest revision in 2024 has set the guideline value at Rs 1,100 per sq.ft, reflecting a 10% increase from 2023.

There were no figures available for the years 2002, 2003, and 2012 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 175%.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, placing Divyadoss Nagar's 2024 figure below that median.

• Divyadoss Nagar/Subramani Street: 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

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, bringing the total to Rs 99,000. Please note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Divyadoss Nagar?

The Sub Registrar Office that covers Divyadoss Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 factor when buying or selling property in Pozhichalur, as it determines the minimum value at which a property can be registered. It serves as a reference point for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When a property is sold, the sale price or the guideline value, whichever is higher, is used to calculate the applicable duties and fees. This ensures that all transactions are fairly assessed according to the established values in the area.

Frequently asked questions

What is the current guideline value of Divyadoss Nagar?

The current guideline value of Divyadoss Nagar is Rs 1,100 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 400 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, marking a total increase of 175% over the years.

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

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 registrations for Divyadoss Nagar?

The Pammal Sub Registrar Office handles registrations for Divyadoss Nagar, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum registration value of a property and is essential for calculating stamp duty and registration fees during property transactions.