Guideline Value for MISS DAISY NAGAR

Miss Daisy Nagar guideline value

The current guideline value of Miss Daisy Nagar is Rs 500 per sq.ft, effective from 1 July 2024. This locality is situated in Villiyampakkam village, under the Chengleput Joint II SRO, and is classified as Mixed Special Type - I land.

How the guideline value of Miss Daisy Nagar has changed

Over the years, the guideline value of Miss Daisy Nagar has seen various revisions. The earliest recorded figure is from 2007, where the value was Rs 100 per sq.ft. This increased significantly to Rs 500 per sq.ft in 2012, marking a 400% rise. However, in 2017, the value dropped to Rs 335 per sq.ft, a decrease of 33%. The value then rose again to Rs 500 per sq.ft in 2023, maintaining the same figure in the 2024 revision, reflecting no change from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, from the 2007 revision to the current 2024 figure, the guideline value has increased by 400%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Villiyampakkam

In Villiyampakkam, there are 17 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 401 to Rs 950 per sq.ft. The median guideline value for these streets is Rs 500 per sq.ft, which matches the current value for Miss Daisy Nagar.

• Om Sakthi Nagar: Rs 450 per sq.ft (2024)
• Kayathiri Kootturavu Mega Nagar: Rs 500 per sq.ft (2024)
• Sakthi Veerammal Nagar: Rs 401 per sq.ft (2024)
• Senthoore Avenue: Rs 500 per sq.ft (2024)
• Sri Durga Nagar: Rs 401 per sq.ft (2024)
• Sri Srinivasa Nagar: Rs 450 per sq.ft (2024)

Stamp duty and registration fee for property in Miss Daisy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty, calculated at 7%, would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total costs together to Rs 45,000. It is important to note that the 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 details.

Which Sub Registrar Office covers Miss Daisy Nagar?

The Sub Registrar Office that covers Miss Daisy Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Villiyampakkam. It is used to determine the stamp duty and registration fees that are applicable when registering a property. Buyers and sellers must be aware of this value to ensure compliance with local regulations and to accurately calculate their transaction costs.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used for calculating the applicable duties. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property as determined by the guideline value.

Frequently asked questions

What is the current guideline value of Miss Daisy Nagar?

The current guideline value of Miss Daisy Nagar is Rs 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 significant increase occurring from Rs 100 per sq.ft in 2007 to Rs 500 per sq.ft in 2012. The value has remained at Rs 500 per sq.ft since 2012, with no change from 2023 to 2024.

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

For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000 and the registration fee would be Rs 10,000, totaling Rs 45,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Miss Daisy Nagar?

The Chengleput Joint II Sub Registrar Office covers Miss Daisy Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification of Miss Daisy Nagar?

Miss Daisy Nagar is classified as Mixed Special Type - I land, which indicates its suitability for various types of development and usage.