Guideline Value for Don Nagar

Don Nagar guideline value

The current guideline value of Don Nagar, located in Sothupakkam village under the Redhills SRO, is Rs 330 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class III Type - I land classification.

How the guideline value of Don Nagar has changed

Since the 2007 revision, the guideline value for Don Nagar has seen a significant increase. In 2007, the value was Rs 200 per sq.ft, which rose to Rs 300 per sq.ft in 2012. However, there was a decrease to Rs 201 per sq.ft in 2017. Following this, the value surged to Rs 300 per sq.ft in 2023, and then to Rs 330 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value increased by 65%. The register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Sothupakkam

In Sothupakkam, there are 49 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 1,150 per sq.ft, with a median value of Rs 440 per sq.ft. The guideline value of Don Nagar is below this median.

• Dhanalakshmi Nagar: Rs 440 per sq.ft (2024)
• Ganapathy Nagar: Rs 440 per sq.ft (2024)
• Bhavani Nagar: Rs 440 per sq.ft (2024)
• Bhajanaikovil Street: Rs 440 per sq.ft (2024)
• Arunachalam Nagar: Rs 440 per sq.ft (2024)
• Kaavya Garden: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Don Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value would be Rs 3,30,000. The stamp duty, calculated at 7%, would amount to Rs 23,100, while the registration fee at 2% would be Rs 6,600. Therefore, the total cost for stamp duty and registration fee together would be Rs 29,700. Please note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Don Nagar?

Don Nagar is covered by the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical component in the registration process when buying or selling property in Sothupakkam. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property transaction occurs, the guideline value helps ensure that the government receives appropriate revenue from the sale. Buyers and sellers should be aware of the current guideline value to accurately estimate their costs associated with the transaction.

Frequently asked questions

What is the current guideline value of Don Nagar?

The current guideline value of Don Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value of Don Nagar changed over the years?

The guideline value has changed several times, starting from Rs 200 per sq.ft in 2007, increasing to Rs 300 in 2012, dropping to Rs 201 in 2017, and then rising to Rs 300 in 2023, before reaching Rs 330 in 2024.

What are the guideline values of other streets in Sothupakkam?

Other streets in Sothupakkam have a guideline value of Rs 440 per sq.ft in 2024, including Dhanalakshmi Nagar, Ganapathy Nagar, Bhavani Nagar, Bhajanaikovil Street, Arunachalam Nagar, and Kaavya Garden.

What is the registration fee for property in Don Nagar?

The registration fee for property in Don Nagar is calculated at 2% of the guideline value. For example, for a property valued at Rs 3,30,000, the registration fee would be Rs 6,600.

Which office handles property registrations for Don Nagar?

The Redhills Sub Registrar Office handles property registrations for Don Nagar, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.