Guideline Value for DURAI AVENUE

Durai Avenue guideline value

The current guideline value of Durai Avenue is Rs 1,500 per sq.ft, as per the 2023 revision. This street is located in Rathinamangalam village, under the Gooduvancheri SRO, and is classified as Mixed Type - III land.

How the guideline value of Durai Avenue has changed

In the 2017 revision, the guideline value was Rs 1,005 per sq.ft. This figure increased to Rs 1,500 per sq.ft in the 2023 revision, marking a significant rise of 49%. The register has no figures for the years 2002, 2003, 2007, 2012, and 2024 for this street.

From 2017 to 2023, the increase in the guideline value reflects changes in the area's valuation. However, the absence of figures in earlier revisions indicates a lack of recorded data for this specific street during those years.

Guideline values in Rathinamangalam

Currently, there are no specific village figures available for Rathinamangalam. Durai Avenue is the only street mentioned in this context, and there are no other streets in Rathinamangalam under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Durai Avenue

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, totaling Rs 1,35,000. It is important to note that the 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 precise calculations.

Which Sub Registrar Office covers Durai Avenue?

The Sub Registrar Office that covers Durai Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Rathinamangalam. 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 or seller engages in a transaction, the guideline value is referenced to ensure that the appropriate fees are calculated based on the higher of the guideline value or the sale price. This ensures compliance with local regulations during the registration of property transactions.

Frequently asked questions

What is the current guideline value of Durai Avenue?

The current guideline value of Durai Avenue is Rs 1,500 per sq.ft, as per the 2023 revision.

How much has the guideline value changed over the years?

From the 2017 revision to the 2023 revision, the guideline value increased from Rs 1,005 per sq.ft to Rs 1,500 per sq.ft, which is a rise of 49%.

Are there any guideline values available for the years 2002, 2003, 2007, 2012, and 2024?

The register has no figures for Durai Avenue for the years 2002, 2003, 2007, 2012, and 2024.

What are the stamp duty and registration fees for property in Durai Avenue?

For a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 1,05,000 and the registration fee would be Rs 30,000, totaling Rs 1,35,000.

Where is the Sub Registrar Office for Durai Avenue located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.