Guideline Value for DURAISAMY STREET

Duraisamy Street guideline value

The current guideline value of Duraisamy Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 and falls under the Neelankarai SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Duraisamy Street has changed

In the 2017 revision, the guideline value for Duraisamy Street was Rs 1,340 per sq.ft. This figure increased to Rs 2,000 per sq.ft in the 2023 revision, marking a significant change of 49%. The most recent revision in 2024 set the guideline value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are a total of 754 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, which is equal to the current guideline value of Duraisamy Street.

• Duraisamy 2nd Street: Rs 2,200 per sq.ft (2024)
• Durgai Amman Koil Street: Rs 1,700 per sq.ft (2024)
• Easer Mechnic Ltd: Rs 2,200 per sq.ft (2024)
• East Coast Road (New Mahabalipuram Road): Rs 7,200 per sq.ft (2024)
• Drift Wood Avenue: Rs 4,400 per sq.ft (2024)
• Dr.Ambedkar Street (Near Ecr): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Duraisamy Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost to Rs 1,98,000. It is important to note that the 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 information.

Which Sub Registrar Office covers Duraisamy Street?

The Sub Registrar Office that covers Duraisamy Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value is a crucial factor in the registration process of property transactions in Sholinganallur - 1. When buying or selling property, the guideline value helps determine the stamp duty and registration fees that need to be paid, ensuring compliance with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value as it can impact the overall cost of the transaction. The guideline value serves as a benchmark for property transactions, providing a standardized measure for assessing property worth in the area.

Frequently asked questions

What is the current guideline value of Duraisamy Street?

The current guideline value of Duraisamy Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft in 2024, which is a 64% increase overall. The most recent change from 2023 to 2024 was a 10% increase.

What are the guideline values of other streets in Sholinganallur - 1?

Other streets in Sholinganallur - 1 have varying guideline values, with some streets like Duraisamy 2nd Street and Easer Mechnic Ltd also at Rs 2,200 per sq.ft. Other streets have values ranging from Rs 1,700 to Rs 7,200 per sq.ft.

What is the stamp duty rate for properties in Duraisamy Street?

The stamp duty rate for properties in Duraisamy Street is 7%, based on the guideline value or sale price, whichever is higher. This is an important cost to consider when registering a property.

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

The Sub Registrar Office for Duraisamy Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.