Guideline Value for Durga Nagar

Durga Nagar guideline value

The current guideline value of Durga Nagar, located in Karanaipuducheri village under the Gooduvancheri SRO, is Rs 1,500 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Type - II.

How the guideline value of Durga Nagar has changed

The guideline value for Durga Nagar has undergone several revisions over the years. In 2007, the guideline value was Rs 275 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012. However, it saw a decrease to Rs 1,005 per sq.ft in 2017. The value remained the same at Rs 1,500 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

Overall, from 2007 to 2024, the guideline value has increased by 445%. The changes between the revisions include a 49% increase from 2017 to 2023, a 33% decrease from 2012 to 2017, and a remarkable 445% increase from 2007 to 2012. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Karanaipuducheri

In Karanaipuducheri, there are 108 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,239 per sq.ft. The median value for these streets is Rs 802 per sq.ft, placing Durga Nagar's 2024 guideline value above this median.

• Dr.Srinivasan Nagar: Rs 700 per sq.ft (2024)
• D.R.N Nagar: Rs 1,200 per sq.ft (2024)
• Dilshath Nagar: Rs 800 per sq.ft (2024)
• Dharsan Aalayam: Rs 1,200 per sq.ft (2024)
• Dhamodara Nagar: Rs 700 per sq.ft (2024)
• Devanshi Nagar: Rs 1,200 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 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total fees to Rs 1,35,000. Stamp duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Durga Nagar?

The Sub Registrar Office covering Durga Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, 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 Karanaipuducheri

The guideline value plays a crucial role in the registration process when buying or selling property in Karanaipuducheri. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations associated with the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Durga Nagar?

The current guideline value of Durga Nagar is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revisions in 2023 and 2024 maintaining the value at Rs 1,500 per sq.ft. The value saw a significant increase from Rs 275 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012.

What is the land classification for Durga Nagar?

Durga Nagar is classified as Mixed Type - II, which indicates the nature of land use in the area.

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

The Sub Registrar Office for Durga Nagar is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is the stamp duty calculated for property 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 guideline value, the stamp duty would amount to Rs 1,05,000.