Guideline Value for DURAI RAJ NAGAR

Durai Raj Nagar guideline value

The current guideline value of Durai Raj Nagar is Rs 603 per sq.ft, effective from 1 July 2024. This area is located in Malliyankaranai village and falls under the Uthiramerur SRO. The land classification for this region is Residential Class III Type - IV.

How the guideline value of Durai Raj Nagar has changed

Looking at the revisions, the guideline value for Durai Raj Nagar was Rs 268 per sq.ft in 2017. This figure remained unchanged at Rs 603 per sq.ft in the 2023 revision and continued at the same rate in the 2024 revision, reflecting a 125% increase from 2017 to 2023 and overall from 2017 to 2024.

The register does not provide figures for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the only available revisions are from 2017, 2023, and 2024, with no changes in the guideline value between 2023 and 2024.

Guideline values in Malliyankaranai

In Malliyankaranai, there are 42 streets under the Uthiramerur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 603 per sq.ft. The median value is Rs 401 per sq.ft, placing Durai Raj Nagar's 2024 figure above this median.

• DSS Avenue: Rs 450 per sq.ft (2024)
• DSR Avenue: Rs 450 per sq.ft (2024)
• Gandhi Nagar: Rs 250 per sq.ft (2024)
• Chettipettai: Rs 200 per sq.ft (2024)
• Chellammal Nagar: Rs 401 per sq.ft (2024)
• Balaji Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Durai Raj Nagar

For a 1,000 sq.ft plot at the current rate of Rs 603 per sq.ft, the guideline value would be Rs 6,03,000. The stamp duty at 7% would amount to Rs 42,210, and the registration fee at 2% would be Rs 12,060, totaling Rs 54,270. Please note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Durai Raj Nagar?

The Sub Registrar Office that covers Durai Raj Nagar is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Malliyankaranai. It determines the minimum value at which a property can be registered, impacting the stamp duty and registration fees payable by the buyer.

When a property is sold, the guideline value ensures that the transaction is recorded at a standardized price. This helps in maintaining transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Durai Raj Nagar?

The current guideline value of Durai Raj Nagar is Rs 603 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen a significant increase from Rs 268 per sq.ft in 2017 to Rs 603 per sq.ft in 2024, reflecting a 125% increase overall.

What is the land classification for Durai Raj Nagar?

Durai Raj Nagar is classified as Residential Class III Type - IV, indicating its designation for residential use within the area.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 6,03,000, the stamp duty would be Rs 42,210 and the registration fee would be Rs 12,060, totaling Rs 54,270. Duty is charged on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Durai Raj Nagar?

The Uthiramerur Sub Registrar Office covers Durai Raj Nagar, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.