Guideline Value for SRI DROWPATHI AMMAN NAGAR

Sri Drowpathi Amman Nagar guideline value

The current guideline value of Sri Drowpathi Amman Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This locality is situated in Atanancheri village, under the Gooduvancheri SRO, and is classified as Residential Special Type - II.

How the guideline value of Sri Drowpathi Amman Nagar has changed

The guideline value for Sri Drowpathi Amman Nagar has seen several revisions over the years. The 2017 revision set the guideline value at Rs 469 per sq.ft. This value remained unchanged in the 2023 revision, which also recorded Rs 700 per sq.ft. The latest revision in 2024 continues this figure of Rs 700 per sq.ft, showing no change from the previous year. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, the increase remains at 49%. The consistent value of Rs 700 per sq.ft in both 2023 and 2024 highlights stability in the guideline value for this locality.

Guideline values in Atanancheri

In Atanancheri, there are 83 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,500 per sq.ft. The median value for these streets is Rs 700 per sq.ft, which is equal to the guideline value of Sri Drowpathi Amman Nagar.

• Sri Ganapathi Nagar: Rs 800 per sq.ft (2024)
• Sri Ganapathi Nagar Colony: Rs 800 per sq.ft (2024)
• Sri Ganesh Nagar: Rs 700 per sq.ft (2024)
• Sri Iyyappa Nagar: Rs 500 per sq.ft (2024)
• Sri Balaji Nagar: Rs 700 per sq.ft (2024)
• Sri Kamatchi Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Drowpathi Amman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty is charged at 7%, which totals Rs 49,000, and the registration fee is 2%, amounting to Rs 14,000. Together, the total cost for stamp duty and registration fee is Rs 63,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Drowpathi Amman Nagar?

Sri Drowpathi Amman Nagar falls under the jurisdiction of 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 Atanancheri

The guideline value plays a crucial role during the registration process of property transactions in Atanancheri. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when buying or selling property in this locality.

When a property is registered, the guideline value is used to calculate the necessary fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction. This process helps maintain transparency and standardization in property dealings.

Frequently asked questions

What is the current guideline value of Sri Drowpathi Amman Nagar?

The current guideline value of Sri Drowpathi Amman Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft from 2023 to 2024, reflecting no change. However, it increased by 49% from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023.

What is the land classification of Sri Drowpathi Amman Nagar?

Sri Drowpathi Amman Nagar is classified as Residential Special Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at Rs 700 per sq.ft, the total fees amount to Rs 63,000.

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

The Gooduvancheri Sub Registrar Office, which covers Sri Drowpathi Amman Nagar, is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.