Guideline Value for SRI DHIVAKAR NAGAR

Sri Dhivakar Nagar guideline value

The current guideline value of Sri Dhivakar Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village under the Chengleput Joint II SRO and is classified as Residential Special Type - I.

How the guideline value of Sri Dhivakar Nagar has changed

The guideline value for Sri Dhivakar Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 402 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 600 per sq.ft, and this remained the same in the 2023 revision. The 2024 revision has kept the guideline value steady at Rs 600 per sq.ft, reflecting no change 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 remained unchanged at Rs 600 per sq.ft.

Guideline values in Kolathur

In Kolathur, there are 58 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 1,600 per sq.ft, with the median value being Rs 600 per sq.ft. Sri Dhivakar Nagar's guideline value aligns with this median.

• Sri Ganapathy Nagar Colony: Rs 600 per sq.ft (2024)
• Sree Selva Ganapathy Nagar: Rs 600 per sq.ft (2024)
• Sri Narsimman Nagar: Rs 600 per sq.ft (2024)
• Srinivasa Palms @ S.P.Kovil: Rs 1,500 per sq.ft (2024)
• Srinivasa Palms @ S.P.Kovil -II: Rs 1,500 per sq.ft (2024)
• Shenaha Garden: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Dhivakar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Dhivakar Nagar?

Sri Dhivakar Nagar falls under 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 Kolathur

The guideline value plays a crucial role in the registration process when buying or selling property in Kolathur. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on the official value set by the registration department.

When a property is sold, the higher of the guideline value or the sale price is used to determine the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri Dhivakar Nagar?

The current guideline value of Sri Dhivakar Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained Rs 600 per sq.ft from 2012 to 2024, with a drop to Rs 402 per sq.ft in 2017 and a subsequent increase back to Rs 600 per sq.ft in 2023.

What is the land classification for Sri Dhivakar Nagar?

Sri Dhivakar Nagar is classified as Residential Special Type - I under the Chengleput Joint II SRO.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Tamil Nadu.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the same. For example, a 1,000 sq.ft plot at Rs 600 per sq.ft would incur total fees of Rs 54,000.