Guideline Value for DURAISWAMY NAICKER NAGAR

Duraiswamy Naicker Nagar guideline value

The current guideline value of Duraiswamy Naicker Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Avaloor village and falls under the Walajabad SRO. The land classification for this street is Residential Class I Type - II.

How the guideline value of Duraiswamy Naicker Nagar has changed

The guideline value for Duraiswamy Naicker Nagar has undergone several revisions over the years. The most recent revision in 2024 maintains the value at Rs 200 per sq.ft, which is the same as the 2023 revision. Prior to that, the 2017 revision recorded a value of Rs 134 per sq.ft, showing a significant increase of 49% from 2017 to 2023. The 2012 revision also had a value of Rs 200 per sq.ft, indicating a decrease of 33% from the 2012 figure to the 2017 figure.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, comparing the 2012 revision to the 2024 revision, there has been no change, as both are set at Rs 200 per sq.ft.

Guideline values in Avaloor

Avaloor village has 13 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 450 per sq.ft, with the median being Rs 200 per sq.ft. Duraiswamy Naicker Nagar's 2024 figure aligns with this median.

• Duraiswamy Naiker Nagar: Rs 200 per sq.ft (2024)
• D.S.P City: Rs 150 per sq.ft (2024)
• Metro City Phase-IV: Rs 250 per sq.ft (2024)
• Poorna Nagar: Rs 150 per sq.ft (2024)
• Raghavan Naicker Nagar: Rs 100 per sq.ft (2024)
• R.V.Nagar: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Duraiswamy Naicker Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to 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.

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

Which Sub Registrar Office covers Duraiswamy Naicker Nagar?

The Sub Registrar Office that covers Duraiswamy Naicker Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Avaloor. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay, ensuring that the transaction is recorded at a fair value.

When buying or selling property, it is essential to consider the guideline value, as it influences the total cost involved in the registration process. This value is regularly updated to reflect changes in the market and local conditions.

Frequently asked questions

What is the current guideline value of Duraiswamy Naicker Nagar?

The current guideline value of Duraiswamy Naicker 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 remained the same at Rs 200 per sq.ft from 2012 to 2024, with a notable increase from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023.

Which Sub Registrar Office is responsible for Duraiswamy Naicker Nagar?

The Walajabad Sub Registrar Office is responsible for Duraiswamy Naicker Nagar, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

What are the registration fees for property in Duraiswamy Naicker Nagar?

For a property valued at Rs 2,00,000, the stamp duty is Rs 14,000 and the registration fee is Rs 4,000, totaling Rs 18,000. This is calculated based on the guideline value.

What is the land classification for Duraiswamy Naicker Nagar?

Duraiswamy Naicker Nagar is classified as Residential Class I Type - II, indicating its suitability for residential development.