Guideline Value for SRI DURGA NAGAR

Sri Durga Nagar guideline value

The current guideline value of Sri Durga Nagar is Rs 401 per sq.ft, effective from 1 July 2024. This street is located in Villiyampakkam village, under the Chengleput Joint II SRO, and is classified as Mixed Special Type - II.

How the guideline value of Sri Durga Nagar has changed

Over the years, the guideline value of Sri Durga Nagar has seen several revisions. The 2012 revision set the value at Rs 400 per sq.ft, which remained unchanged in the 2024 revision. However, the 2017 revision saw a significant increase to Rs 268 per sq.ft, marking a 49% rise from the previous 2012 figure. The 2023 revision slightly increased the value to Rs 400 per sq.ft, while the 2024 revision adjusted it to Rs 401 per sq.ft, reflecting no percentage change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for Sri Durga Nagar. Overall, comparing the 2012 and 2024 revisions, the guideline value has remained constant, showing an overall change of +0%.

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, with a median value of Rs 500 per sq.ft. Sri Durga Nagar's 2024 guideline value is below this median.

• Sri Srinivasa Nagar: Rs 450 per sq.ft (2024)
• Senthoore Avenue: Rs 500 per sq.ft (2024)
• Subhlabh Avenue: Rs 450 per sq.ft (2024)
• Sukra Avenue: Rs 401 per sq.ft (2024)
• Sakthi Veerammal Nagar: Rs 401 per sq.ft (2024)
• Vignesh Nagar: Rs 401 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Durga Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 401 per sq.ft, the total guideline value amounts to Rs 4,01,000. The stamp duty at 7% would be Rs 28,070, and the registration fee at 2% would be Rs 8,020, bringing the total fees together to Rs 36,090. It is important to note that 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 details.

Which Sub Registrar Office covers Sri Durga Nagar?

Sri Durga Nagar falls under the jurisdiction of 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 is a crucial factor when registering a property in Villiyampakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers should be aware that the fees will be based on either the guideline value or the sale price, whichever is higher, which is essential for proper financial planning during a property transaction.

Frequently asked questions

What is the current guideline value of Sri Durga Nagar?

The current guideline value of Sri Durga Nagar is Rs 401 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained constant at Rs 401 per sq.ft from 2023 to 2024, with a significant increase of 49% from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023. The overall change from 2012 to 2024 is +0%.

What is the land classification for Sri Durga Nagar?

Sri Durga Nagar is classified as Mixed Special Type - II, which indicates the type of land use permitted in the area.

What are the stamp duty and registration fees for properties in Sri Durga Nagar?

The stamp duty is 7%, and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 36,090.

Which office handles property registrations for Sri Durga Nagar?

The Chengleput Joint II Sub Registrar Office handles property registrations for Sri Durga Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.