Guideline Value for DURAISAMY STREET/NAGAR

Duraisamy Street/Nagar guideline value

The current guideline value of Duraisamy Street/Nagar is Rs 2,160 per sq.ft, effective from 1 July 2024. This street is located in Nemilicherry village, under the Pallavaram SRO, classified as Residential Class II Type - I.

How the guideline value of Duraisamy Street/Nagar has changed

Over the years, the guideline value of Duraisamy Street/Nagar has seen several revisions. The 2012 revision recorded a value of Rs 2,000 per sq.ft, which decreased to Rs 1,340 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 2,000 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 2,160 per sq.ft, reflecting an 8% increase from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for Duraisamy Street/Nagar. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Nemilicherry

In Nemilicherry village, there are 172 streets under the Pallavaram SRO, with guideline values ranging from Rs 1,100 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,160 per sq.ft, which is equal to the current value of Duraisamy Street/Nagar.

• Durairagubathi Street: Rs 2,160 per sq.ft (2024)
• Durai Pandian Street: Rs 2,160 per sq.ft (2024)
• Durikannu Salai: Rs 2,200 per sq.ft (2024)
• English Electric Nagar: Rs 3,300 per sq.ft (2024)
• Dhanalakshmi Street (Extn.): Rs 2,160 per sq.ft (2024)
• Dhanalakshmi Street: Rs 2,160 per sq.ft (2024)

Stamp duty and registration fee for property in Duraisamy Street/Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,160 per sq.ft, the total guideline value would be Rs 21,60,000. The stamp duty at 7% would amount to Rs 1,51,200, while the registration fee at 2% would be Rs 43,200. Together, the total cost for stamp duty and registration fees would be Rs 1,94,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Duraisamy Street/Nagar?

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

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

The guideline value is a crucial factor when registering property transactions in Nemilicherry. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the official value set by the government.

When buying or selling a property, the guideline value helps to establish a fair price for registration purposes. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the transaction process.

Frequently asked questions

What is the current guideline value of Duraisamy Street/Nagar?

The current guideline value of Duraisamy Street/Nagar is Rs 2,160 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,160 per sq.ft in 2024.

What is the land classification for Duraisamy Street/Nagar?

Duraisamy Street/Nagar is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Duraisamy Street/Nagar?

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

How is stamp duty calculated for properties in Duraisamy Street/Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 1,51,200.