Guideline Value for DURAISAMY 2ND STREET

Duraisamy 2nd Street guideline value

The current guideline value of Duraisamy 2nd Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 under the Neelankarai SRO, and it falls under the Residential Class II Type - III land classification.

How the guideline value of Duraisamy 2nd Street has changed

The guideline value of Duraisamy 2nd Street has seen several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 1,340 per sq.ft. This was followed by a significant increase to Rs 2,000 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no recorded figures for Duraisamy 2nd Street in the revisions from 2002, 2003, 2007, and 2012.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO that have a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value for this area is Rs 2,200 per sq.ft, which is equal to the guideline value of Duraisamy 2nd Street.

• Duraisamy Street: Rs 2,200 per sq.ft (2024)
• Durgai Amman Koil Street: Rs 1,700 per sq.ft (2024)
• Easer Mechnic Ltd: Rs 2,200 per sq.ft (2024)
• East Coast Road (New Mahabalipuram Road): Rs 7,200 per sq.ft (2024)
• Drift Wood Avenue: Rs 4,400 per sq.ft (2024)
• Dr.Ambedkar Street (Near Ecr): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Duraisamy 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, while the registration fee at 2% would be Rs 44,000, bringing the total fees together to Rs 1,98,000. 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 information.

Which Sub Registrar Office covers Duraisamy 2nd Street?

The Sub Registrar Office that covers Duraisamy 2nd Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find your SRO, visit find your SRO.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value is a crucial factor in property transactions in Sholinganallur - 1, as it determines the minimum price at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value to ensure that they comply with the legal requirements during the registration process. This helps in avoiding any discrepancies or issues that may arise during property transactions.

Frequently asked questions

What is the current guideline value of Duraisamy 2nd Street?

The current guideline value of Duraisamy 2nd Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, representing a total increase of 64% over these years.

What are the stamp duty and registration fees for property in Duraisamy 2nd Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,98,000.

Which Sub Registrar Office covers Duraisamy 2nd Street?

The Neelankarai Sub Registrar Office covers Duraisamy 2nd Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the land classification for Duraisamy 2nd Street?

Duraisamy 2nd Street is classified under Residential Class II Type - III land classification.