Guideline Value for Durga Nagar

Durga Nagar guideline value

The current guideline value of Durga Nagar, located in Naduveerapattu village under the Padappai SRO, is Rs 440 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Durga Nagar has changed

The guideline value for Durga Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft. In the 2017 revision, it decreased to Rs 268 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value to Rs 400 per sq.ft. The most recent revision in 2024 raised the guideline value to Rs 440 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Naduveerapattu

Naduveerapattu village has a total of 96 streets under the Padappai SRO, with guideline values ranging from Rs 330 to Rs 2,500 per sq.ft. The median guideline value for the village is Rs 660 per sq.ft, placing Durga Nagar's 2024 figure below this median.

• Ellaiamman Koil Street: Rs 550 per sq.ft (2024)
• Ettayapuram: Rs 550 per sq.ft (2024)
• Dhakshin City: Rs 550 per sq.ft (2024)
• Darshan Garden: Rs 1,640 per sq.ft (2024)
• Darcost Vinnarasi Street: Rs 660 per sq.ft (2024)
• Chandra Garden: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Durga Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, making the total charges Rs 39,600. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Durga Nagar?

The Sub Registrar Office that covers Durga Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Naduveerapattu. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. The guideline value is set by the government and is updated periodically to reflect changes in the market.

When buyers and sellers engage in a property transaction, the guideline value ensures that the government receives the appropriate revenue from stamp duties. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Durga Nagar?

The current guideline value of Durga Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then back to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the land classification of Durga Nagar?

Durga Nagar is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Durga Nagar?

The Sub Registrar Office for Durga Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is stamp duty calculated in Durga Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total charges would include the guideline value, stamp duty, and registration fees.