Guideline Value for DURAISAMY AVENUE

Duraisamy Avenue guideline value

The current guideline value of Duraisamy Avenue is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Rajakilpakkam village under the Selaiyur SRO, classified as Residential Class I Type - II.

How the guideline value of Duraisamy Avenue has changed

The guideline value for Duraisamy Avenue has undergone several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 1,206 per sq.ft. Following this, the value increased significantly to Rs 1,800 per sq.ft in the 2023 revision, and then rose again to Rs 1,900 per sq.ft in the 2024 revision, marking a 6% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 6%. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO, with 2024 guideline values ranging from Rs 850 to Rs 5,000 per sq.ft. The median guideline value in this area is Rs 2,150 per sq.ft, indicating that Duraisamy Avenue's 2024 figure is below this median.

• Durga Colony: Rs 2,150 per sq.ft (2024)
• Durga Colony 1st Cross Street: Rs 2,150 per sq.ft (2024)
• Durga Colony 1st Street: Rs 2,150 per sq.ft (2024)
• Durga Colony 2nd Cross Street: Rs 2,150 per sq.ft (2024)
• Durga Colony 2nd Street: Rs 2,150 per sq.ft (2024)
• Durga Colony 3rd Cross Street: Rs 2,150 per sq.ft (2024)

Stamp duty and registration fee for property in Duraisamy Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value is Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, while the registration fee at 2% would be Rs 38,000, bringing the total to Rs 1,71,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Duraisamy Avenue?

The Sub Registrar Office covering Duraisamy Avenue is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Rajakilpakkam. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees payable, ensuring that these fees are based on a standardized valuation.

This system helps maintain transparency in property transactions and ensures that the state collects the appropriate taxes. Buyers and sellers should be aware of the current guideline values to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Duraisamy Avenue?

The current guideline value of Duraisamy Avenue is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then back to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,900 per sq.ft in 2024.

What is the median guideline value in Rajakilpakkam?

The median guideline value in Rajakilpakkam is Rs 2,150 per sq.ft, indicating that Duraisamy Avenue's value is below this median.

What are the stamp duty rates for properties in Duraisamy Avenue?

The stamp duty for properties in Duraisamy Avenue is charged at 7% of the guideline value or sale price, whichever is higher. Registration fees are charged at 2%.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.