Guideline Value for DURAISWAMI NAGAR

Duraiswami Nagar guideline value

The current guideline value of Duraiswami Nagar, located in Aaladu village under the Ponneri SRO, is Rs 200 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Duraiswami Nagar has changed

Looking at the revisions, the guideline value for Duraiswami Nagar was Rs 200 per sq.ft in both the 2023 and 2024 revisions. There was a significant increase from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023, marking a change of +49%. The 2012 revision also recorded a guideline value of Rs 200 per sq.ft, which was a decrease of -33% from the previous figure in 2017.

For the years prior to 2012, the register has no figure for this street in 2002, 2003, and 2007. Overall, comparing the 2012 revision to the 2024 revision, the guideline value remains unchanged at Rs 200 per sq.ft.

Guideline values in Aaladu

Aaladu village has 13 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 400 per sq.ft, with the median being Rs 200 per sq.ft. Duraiswami Nagar's 2024 figure aligns with this median.

• Gomathi Amman Nagar: Rs 200 per sq.ft (2024)
• Illahi Nagar: Rs 200 per sq.ft (2024)
• Jayam Housing Site: Rs 200 per sq.ft (2024)
• Annamalai Nagar: Rs 200 per sq.ft (2024)
• Annai Nagar: Rs 200 per sq.ft (2024)
• Abirami Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Duraiswami Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Duraiswami Nagar?

The Sub Registrar Office that covers Duraiswami Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Aaladu. It determines the amount of stamp duty and registration fees that must be paid, which are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value helps buyers and sellers ensure compliance with legal requirements during property transactions. It is essential to check the latest revisions to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Duraiswami Nagar?

The current guideline value of Duraiswami Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revisions being Rs 200 per sq.ft in both 2023 and 2024, an increase from Rs 134 per sq.ft in 2017.

What is the land classification for Duraiswami Nagar?

Duraiswami Nagar falls under the Residential Class I Type - I land classification, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot, the total fees would amount to Rs 18,000.

Where is the Sub Registrar Office for Duraiswami Nagar located?

The Sub Registrar Office for Duraiswami Nagar is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles all registrations for properties in the area.