Guideline Value for Teacher's DJM City

Teacher's DJM City guideline value

The current guideline value of Teacher's DJM City is Rs 1,200 per sq.ft, effective from 1 July 2024. This property is located in Karanaipuducheri village under the Gooduvancheri SRO, classified as Residential Special Type - I.

How the guideline value of Teacher's DJM City has changed

The guideline value for Teacher's DJM City has undergone several revisions over the years. The earliest recorded figure is from 2007, where the guideline value was Rs 250 per sq.ft. This value increased significantly to Rs 1,200 per sq.ft in 2012, marking a 380% increase. However, it then decreased to Rs 804 per sq.ft in 2017, a drop of 33%. The value remained at Rs 1,200 per sq.ft in both 2023 and the current 2024 revision, showing no change from the previous year.

From 2017 to 2023, there was a notable increase of 49%, bringing the value back to Rs 1,200 per sq.ft. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 380%. It is important to note that there are no recorded figures for the years 2002 and 2003 for this street.

Guideline values in Karanaipuducheri

In Karanaipuducheri, there are 108 streets under the Gooduvancheri SRO, with the 2024 guideline values ranging from Rs 400 to Rs 2,239 per sq.ft. The median value for these streets is Rs 802 per sq.ft, indicating that Teacher's DJM City is above this median.

• Susee Avenue: Rs 1,000 per sq.ft (2024)
• Survey Number 3.4,6 All Subdivision: Rs 701 per sq.ft (2024)
• Sundaram Garden: Rs 1,642 per sq.ft (2024)
• Subramaniyapuram: Rs 400 per sq.ft (2024)
• Subasri Nagar: Rs 1,200 per sq.ft (2024)
• Sri Vasudeva Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Teacher's DJM City

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, totaling Rs 1,08,000. 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 Teacher's DJM City?

The Teacher's DJM City 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 information.

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

The guideline value serves as a benchmark for property transactions in Karanaipuducheri. When buying or selling property, this value is used to calculate the stamp duty and registration fees, which are mandatory for legal property transactions.

It is essential for buyers and sellers to be aware of the guideline value, as it affects the overall cost of the transaction. The registration process requires payment of these fees based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Teacher's DJM City?

The current guideline value of Teacher's DJM City is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has fluctuated over the years, with the most significant increase occurring from Rs 250 per sq.ft in 2007 to Rs 1,200 per sq.ft in 2012. The value has remained stable at Rs 1,200 per sq.ft since 2012, with no change from 2023 to 2024.

What are the guideline values of other streets in Karanaipuducheri?

Other streets in Karanaipuducheri have varying guideline values, ranging from Rs 400 to Rs 2,239 per sq.ft. The median value for these streets is Rs 802 per sq.ft, with Teacher's DJM City being above this median.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value, while the registration fee is charged at 2%. These fees are calculated based on the higher of the guideline value or the sale price of the property.

Where can I find the Gooduvancheri Sub Registrar Office?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri - 603202, Chengalpattu registration zone. You can find more information by visiting the appropriate link.