Guideline Value for SRI DAKSHINA MOORTHY NAGAR

Sri Dakshina Moorthy Nagar guideline value

The current guideline value of Sri Dakshina Moorthy Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Puthakaram village under the Walajabad SRO, and is classified as Residential Special Type - III.

How the guideline value of Sri Dakshina Moorthy Nagar has changed

The guideline value for Sri Dakshina Moorthy Nagar has remained consistent at Rs 250 per sq.ft since the 2023 revision, which also recorded the same figure. Prior to that, there are no figures available for the years 2017, 2012, 2007, 2003, and 2002 in the register for this street.

Thus, from the 2023 revision to the 2024 revision, there has been no change, reflecting a 0% increase. The current rate is indicative of the ongoing stability in the guideline value for this area.

Guideline values in Puthakaram

In Puthakaram, there are 10 streets that have a 2024 guideline value ranging from Rs 150 to Rs 300 per sq.ft, with a median value of Rs 200 per sq.ft. Sri Dakshina Moorthy Nagar's current guideline value is above this median.

• Sri Gunnalamman Nagar: Rs 150 per sq.ft (2024)
• SVP garden: Rs 150 per sq.ft (2024)
• Sai Thiruchandur Murugan Nagar: Rs 250 per sq.ft (2024)
• P.J.R Green Lands: Rs 150 per sq.ft (2024)
• Nandhavanam: Rs 200 per sq.ft (2024)
• Indraprastha: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Dakshina Moorthy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, making the total charges Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sri Dakshina Moorthy Nagar?

The Sub Registrar Office that covers Sri Dakshina Moorthy Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value is a crucial factor when registering property transactions in Puthakaram. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that the government collects the correct amount based on the property's value.

When buying or selling property, the guideline value must be considered, as it can affect the overall cost of the transaction. Buyers and sellers should be aware of the current guideline value to ensure compliance with legal requirements during registration.

Frequently asked questions

What is the current guideline value of Sri Dakshina Moorthy Nagar?

The current guideline value of Sri Dakshina Moorthy Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft since the 2023 revision. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification of Sri Dakshina Moorthy Nagar?

Sri Dakshina Moorthy Nagar is classified as Residential Special Type - III, which indicates its intended use for residential purposes.

What are the stamp duty and registration fees in Sri Dakshina Moorthy Nagar?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total charges would be Rs 22,500.

Where is the Sub Registrar Office for Sri Dakshina Moorthy Nagar located?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. This office handles registrations for properties in Sri Dakshina Moorthy Nagar.