Guideline Value for DURAI KANNU STREET

Durai Kannu Street guideline value

The current guideline value of Durai Kannu Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Vengathur village and falls under the jurisdiction of the Manavalanagar SRO. The land classification for this area is Commercial Class I Type - III.

How the guideline value of Durai Kannu Street has changed

Since the 2007 revision, the guideline value for Durai Kannu Street has seen significant changes. In 2007, the value was Rs 150 per sq.ft, which increased dramatically to Rs 1,300 per sq.ft in 2012, marking a rise of 767%. However, from 2012 to 2017, the value decreased to Rs 871 per sq.ft, a decline of 33%. The guideline value then rose to Rs 1,300 per sq.ft in both the 2023 and 2024 revisions, reflecting no change between these years. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%, bringing it back to Rs 1,300 per sq.ft. Overall, from the 2007 revision to the current 2024 figure, the guideline value has increased by 767%.

Guideline values in Vengathur

In Vengathur village, there are 186 streets under the Manavalanagar SRO, with 2024 guideline values ranging from Rs 500 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 1,000 per sq.ft, positioning Durai Kannu Street above this median at Rs 1,300 per sq.ft.

• Dr.RAMADOSS STREET: Rs 700 per sq.ft (2024)
• Dr.RADHAKRISHNAN STREET: Rs 1,300 per sq.ft (2024)
• E.A.P.Sivaji Street: Rs 1,300 per sq.ft (2024)
• Dr.KARUNANITHI STREET: Rs 1,300 per sq.ft (2024)
• Dr.KARUNANITHI CROSS STREET: Rs 1,000 per sq.ft (2024)
• Elango Adigal Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Durai Kannu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total fees to Rs 1,17,000. Please 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 more details.

Which Sub Registrar Office covers Durai Kannu Street?

The Sub Registrar Office that covers Durai Kannu Street is the Manavalanagar Sub Registrar Office. The address is Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property in Vengathur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property transaction occurs.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which influences the overall costs associated with the purchase or sale. It is important for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Durai Kannu Street?

The current guideline value of Durai Kannu Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 150 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, marking an overall increase of 767%.

What is the median guideline value for streets in Vengathur?

The median guideline value for streets in Vengathur is Rs 1,000 per sq.ft, with Durai Kannu Street's value being above this at Rs 1,300 per sq.ft.

Where is the Sub Registrar Office for Durai Kannu Street located?

The Sub Registrar Office for Durai Kannu Street is located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 1,300 per sq.ft incurs a total fee of Rs 1,17,000.