Guideline Value for SRI DHULASI NAGAR

Sri Dhulasi Nagar guideline value

The current guideline value of Sri Dhulasi Nagar is Rs 1,500 per sq.ft, effective from 1 July 2024. This area is located in Nandhivaram village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Sri Dhulasi Nagar has changed

In the 2017 revision, the guideline value was set at Rs 1,005 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 1,500 per sq.ft. The latest 2024 revision has maintained the same value of Rs 1,500 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was a significant increase of 49% in the guideline value. Overall, from 2017 to 2024, the increase remains at 49%, reflecting the same rate from the 2023 revision.

Guideline values in Nandhivaram

Nandhivaram village has a total of 169 streets under the Gooduvancheri SRO that carry a guideline value for 2024, ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 1,500 per sq.ft, which is equal to the guideline value of Sri Dhulasi Nagar.

• Sree Kuberan Nagar: Rs 2,345 per sq.ft (2024)
• Sri Mahalakshmi Nagar 13th Cross St: Rs 1,500 per sq.ft (2024)
• Sri Mahalakshmi Nagar Extn 14th Cross St: Rs 1,500 per sq.ft (2024)
• S.R Avenue (S.No.562/22A): Rs 1,000 per sq.ft (2024)
• Sri Meenakshi Avenue: Rs 1,000 per sq.ft (2024)
• Sri Murugan Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Dhulasi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, while the registration fee at 2% would be Rs 30,000. Therefore, the total cost for these fees would be Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Dhulasi Nagar?

The Sub Registrar Office that covers Sri Dhulasi Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Nandhivaram. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When a buyer is interested in purchasing a property, the guideline value will be referenced to calculate the applicable fees. This ensures that the registration process is standardized and transparent, based on the established values for different areas.

Frequently asked questions

What is the current guideline value of Sri Dhulasi Nagar?

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

How much has the guideline value changed over the years?

The guideline value has seen an increase of 49% from Rs 1,005 per sq.ft in 2017 to Rs 1,500 per sq.ft in both 2023 and 2024. There were no changes in the guideline value from 2023 to 2024.

What are the guideline values of other streets in Nandhivaram?

Other streets in Nandhivaram have varying guideline values, with rates ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,500 per sq.ft.

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 charged at 2% of the guideline value. For example, a 1,000 sq.ft plot at Rs 1,500 per sq.ft would incur total fees of Rs 1,35,000.

Where can I find the Sub Registrar Office for Sri Dhulasi Nagar?

The Gooduvancheri Sub Registrar Office covers Sri Dhulasi Nagar and is located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone.