Guideline Value for DURAISAMY ROAD

Duraisamy Road guideline value

The current guideline value of Duraisamy Road in Tnagar village, under the Thiyagaraya nagar SRO, is Rs 17,600 per sq.ft, effective from 1 July 2024. This street is classified as Commercial Special Type - III.

How the guideline value of Duraisamy Road has changed

The guideline value for Duraisamy Road has seen significant changes over the years. In the 2002 revision, the value was Rs 2,713 per sq.ft. This increased to Rs 3,011 per sq.ft in 2003, marking an increase of 11%. The value further rose to Rs 4,000 per sq.ft in 2007, reflecting a 33% increase. In 2012, the value was Rs 16,000 per sq.ft, which was a substantial increase of 300% from the previous revision. However, in 2017, the value dropped to Rs 10,720 per sq.ft, showing a decrease of 33%. The 2023 revision set the value at Rs 16,000 per sq.ft, which was followed by a 10% increase to the current value of Rs 17,600 per sq.ft in 2024.

Overall, from 2002 to 2024, the guideline value has increased by 549%. The register has no figures for the years not mentioned in the revisions.

Guideline values in Tnagar

In Tnagar, there are 262 streets under the Thiyagaraya nagar SRO that carry a 2024 guideline value, ranging from Rs 4,400 to Rs 27,500 per sq.ft. The median value is Rs 11,000 per sq.ft, placing Duraisamy Road's 2024 figure above this median.

• Dr. Thomas Road 2 Lane: Rs 6,600 per sq.ft (2024)
• Dr. Thomas Road: Rs 14,300 per sq.ft (2024)
• Dr. Singaravelu Street: Rs 6,600 per sq.ft (2024)
• Dr. Sambasivarm Street: Rs 14,300 per sq.ft (2024)
• Dr. Sadasivam Street: Rs 13,200 per sq.ft (2024)
• Dr. Nair Road: Rs 22,000 per sq.ft (2024)

Stamp duty and registration fee for property in Duraisamy Road

For a 1,000 sq.ft plot at the current guideline value of Rs 17,600 per sq.ft, the total guideline value would be Rs 1,76,00,000. The stamp duty at 7% would amount to Rs 12,32,000, and the registration fee at 2% would be Rs 3,52,000, totaling Rs 15,84,000. 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 Road?

The Sub Registrar Office that covers Duraisamy Road is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Tnagar. It is used to determine the stamp duty and registration fees that need to be paid when property is bought or sold. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during registration.

When a property is sold, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable duties and fees. This ensures that the transaction is recorded accurately and that the correct amount of tax is collected by the authorities.

Frequently asked questions

What is the current guideline value of Duraisamy Road?

The current guideline value of Duraisamy Road is Rs 17,600 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 2,713 per sq.ft in 2002 to Rs 17,600 per sq.ft in 2024, reflecting an overall increase of 549% over the years.

What is the land classification of Duraisamy Road?

Duraisamy Road is classified as Commercial Special Type - III.

Where can I find the Sub Registrar Office for Duraisamy Road?

The Sub Registrar Office covering Duraisamy Road is located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35.

How is the stamp duty calculated for property transactions?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 1,76,00,000, the stamp duty at 7% would be Rs 12,32,000.