Guideline Value for DURAISAMY NAGAR EXT, ANNA STREET

Duraisamy Nagar Ext, Anna Street guideline value

The current guideline value of Duraisamy Nagar Ext, Anna Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kilkattalai village under the Pallavaram SRO, with a land classification of Mixed Type - II.

How the guideline value of Duraisamy Nagar Ext, Anna Street has changed

The guideline value for Duraisamy Nagar Ext, Anna Street has undergone several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was Rs 3,000 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 2,010 per sq.ft. However, the value increased significantly in the following revisions, reaching Rs 3,000 per sq.ft in 2023 and finally rising to Rs 3,300 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Between the revisions, there were notable changes. From 2012 to 2017, there was a decrease of 33%, followed by a substantial increase of 49% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has seen a 10% increase, indicating a return to higher values after the dip in 2017. The register does not contain figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Kilkattalai

Kilkattalai village has a total of 194 streets under the Pallavaram SRO, with 2024 guideline values ranging from Rs 1,080 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,530 per sq.ft, placing Duraisamy Nagar Ext, Anna Street's 2024 value above this median.

• Duraisamy Nagar Ext, Darmaraja Street: Rs 3,300 per sq.ft (2024)
• Durairaj Nagar: Rs 2,530 per sq.ft (2024)
• Duraiswamy Nagar: Rs 3,300 per sq.ft (2024)
• Easwaran Koil Street: Rs 2,530 per sq.ft (2024)
• Easwaran Nagar: Rs 4,125 per sq.ft (2024)
• Easwaran Nagar 1 To 6 Streets: Rs 4,125 per sq.ft (2024)

Stamp duty and registration fee for property in Duraisamy Nagar Ext, Anna Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty, charged at 7%, would be Rs 2,31,000, while the registration fee at 2% would be Rs 66,000. Therefore, the total cost for stamp duty and registration fee would be Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Duraisamy Nagar Ext, Anna Street?

The Sub Registrar Office that covers Duraisamy Nagar Ext, Anna Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Kilkattalai, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs incurred during the registration process.

It is essential for buyers and sellers to be aware of the current guideline value in their area, as it impacts the overall cost of the transaction. Understanding these values can help in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Duraisamy Nagar Ext, Anna Street?

The current guideline value of Duraisamy Nagar Ext, Anna Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, reflecting a 10% increase. The value was Rs 2,010 per sq.ft in 2017 and Rs 3,000 per sq.ft in 2012, showing significant fluctuations over the years.

What is the land classification for Duraisamy Nagar Ext, Anna Street?

The land classification for Duraisamy Nagar Ext, Anna Street is Mixed Type - II. This classification affects the guideline value and other regulatory aspects of property transactions in the area.

Where can I find the registration office for this area?

The registration office for Duraisamy Nagar Ext, Anna Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is stamp duty calculated for properties in Kilkattalai?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 33,00,000, the stamp duty would be calculated at 7% of this amount.