Guideline Value for Droupathi Amman Street

Droupathi Amman Street guideline value

The current guideline value of Droupathi Amman Street is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Nandhivaram village, under the Gooduvancheri SRO, classified as Residential Class I Type - I.

How the guideline value of Droupathi Amman Street has changed

The guideline value for Droupathi Amman Street has undergone several revisions over the years. In 2002, the guideline value was Rs 114 per sq.ft, which increased to Rs 328 per sq.ft in 2007, marking a significant rise of 188%. By 2012, the value reached Rs 1,200 per sq.ft, reflecting an increase of 266%. However, this value dropped to Rs 804 per sq.ft in 2017, a decrease of 33%. From 2017 to 2023, the value saw a substantial increase of 49%, stabilizing at Rs 1,200 per sq.ft, which has remained unchanged through to the 2024 revision.

It is important to note that the register has no figure for Droupathi Amman Street in 2003. The current guideline value remains at Rs 1,200 per sq.ft from the 2023 to 2024 revision, indicating no change during this period.

Guideline values in Nandhivaram

Nandhivaram has a total of 169 streets under the Gooduvancheri SRO, with 2024 guideline values ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 1,500 per sq.ft, placing Droupathi Amman Street's 2024 figure below this median.

• Dharman Nagar: Rs 1,200 per sq.ft (2024)
• Dhanalakshmi Nagar Extn.: Rs 1,200 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 1,200 per sq.ft (2024)
• Devaraj Nagar: Rs 1,200 per sq.ft (2024)
• Defence Colony 9th Cross Street: Rs 1,500 per sq.ft (2024)
• Defence Colony 3rd Cross Street: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Droupathi Amman Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total cost for these fees to Rs 1,08,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Droupathi Amman Street?

The Sub Registrar Office that covers Droupathi Amman Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri - 603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor when registering property transactions in Nandhivaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in the transaction process.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Droupathi Amman Street?

The current guideline value of Droupathi Amman Street is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 114 per sq.ft in 2002 to Rs 1,200 per sq.ft in 2024, with various increases and decreases in between. Notably, there was a significant increase of 49% from 2017 to 2023.

What are the other streets in Nandhivaram with similar guideline values?

Other streets in Nandhivaram with a guideline value of Rs 1,200 per sq.ft include Dharman Nagar, Dhanalakshmi Nagar Extn., Dhanalakshmi Nagar, and Devaraj Nagar. Defence Colony 9th Cross Street and Defence Colony 3rd Cross Street have higher values at Rs 1,500 per sq.ft.

What are the stamp duty and registration fees for property in Droupathi Amman Street?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,08,000.

Where is the Sub Registrar Office for Droupathi Amman Street located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri - 603202, Chengalpattu registration zone.