Guideline Value for DURAI SWAMI NAGAR

Durai Swami Nagar guideline value

The current guideline value of Durai Swami Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This locality is situated in Anupampattu village, which falls under the Ponneri Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - I.

How the guideline value of Durai Swami Nagar has changed

The guideline value register for Durai Swami Nagar does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 250 per sq.ft. From 2023 to 2024, there was an increase of 20%, bringing the current guideline value to Rs 300 per sq.ft.

Thus, the only revisions with figures for this street are from 2023 and 2024, with the 2024 figure reflecting a significant increase from the previous year. The guideline value for 2024 aligns with the median value of Rs 300 per sq.ft for various streets in Anupampattu under the Ponneri SRO.

Guideline values in Anupampattu

Anupampattu village has 42 streets under the Ponneri SRO, with guideline values ranging from Rs 300 to Rs 500 per sq.ft. The median guideline value for these streets is Rs 300 per sq.ft, which is the same as the current guideline value for Durai Swami Nagar. Below are the guideline values for other streets in Anupampattu:

• Dg Nagar: Rs 400 per sq.ft (2024)
• Golden City Ext: Rs 300 per sq.ft (2024)
• Golden City Nagar: Rs 300 per sq.ft (2024)
• Gresh Avenue: Rs 300 per sq.ft (2024)
• Jaya Surya Nagar: Rs 300 per sq.ft (2024)
• Balaji Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Durai Swami Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. 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 more details.

Which Sub Registrar Office covers Durai Swami Nagar?

The Sub Registrar Office that covers Durai Swami Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Anupampattu. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as per the government regulations.

When you buy or sell property in this area, the guideline value helps determine the costs associated with the registration process. It is essential to be aware of the current guideline value to accurately estimate the financial implications of your property transaction.

Frequently asked questions

What is the current guideline value of Durai Swami Nagar?

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

How has the guideline value changed in recent years?

The guideline value for Durai Swami Nagar was Rs 250 per sq.ft in 2023, which increased by 20% to Rs 300 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values for other streets in Anupampattu?

The guideline values for other streets in Anupampattu range from Rs 300 to Rs 500 per sq.ft. For example, Dg Nagar has a guideline value of Rs 400 per sq.ft, while several other streets, including Golden City Ext and Balaji Nagar, have a value of Rs 300 per sq.ft.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For instance, a plot valued at Rs 3,00,000 would incur a stamp duty of Rs 21,000 at a rate of 7%.

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

The Sub Registrar Office for Durai Swami Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles all registration activities for the area.