Guideline Value for DURAISAMY NAGAR EXT, DARMARAJA STREET

Duraisamy Nagar Ext, Darmaraja Street guideline value

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

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

Since the 2012 revision, the guideline value has seen several changes. In 2012, the value was Rs 3,000 per sq.ft, which decreased to Rs 2,010 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 3,000 per sq.ft. The latest revision in 2024 has raised the guideline value to Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year, 2023.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kilkattalai

Kilkattalai village features 194 streets under the Pallavaram SRO, with guideline values ranging from Rs 1,080 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,530 per sq.ft, placing Duraisamy Nagar Ext, Darmaraja Street's 2024 figure above the median.

• Duraisamy Nagar Ext, Anna Street: Rs 3,300 per sq.ft (2024)
• Duraiswamy Nagar: Rs 3,300 per sq.ft (2024)
• Durairaj Nagar: Rs 2,530 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, Darmaraja Street

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

You can also use our stamp duty and registration fee calculator for more precise calculations.

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

The Sub Registrar Office that covers Duraisamy Nagar Ext, Darmaraja 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 information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Kilkattalai. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring compliance with legal requirements.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Duraisamy Nagar Ext, Darmaraja 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 significantly from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then increased to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification for this street?

The land classification for Duraisamy Nagar Ext, Darmaraja Street is Mixed Type - II.

Where can I find the Sub Registrar Office for this area?

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

How is the stamp duty calculated for property transactions?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.