Guideline Value for DURAKAI AMMAN KOIL ST

Durakai Amman Koil St guideline value

The current guideline value of Durakai Amman Koil St is Rs 802 per sq.ft, effective from 1 July 2024. This street is located in Mitnamalle village and falls under the Avadi Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - I.

How the guideline value of Durakai Amman Koil St has changed

Over the years, the guideline value of Durakai Amman Koil St has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2017 revision, where it increased to Rs 402 per sq.ft, reflecting a decrease of 33%. The 2023 revision then raised the value to Rs 600 per sq.ft, followed by a significant increase to Rs 802 per sq.ft in the 2024 revision, marking a 34% rise from the previous year.

From 2012 to 2024, the overall change in the guideline value is an increase of 34%. The revisions for the years 2002, 2003, and 2007 have no figures recorded for this street in the register.

Guideline values in Mitnamalle

In Mitnamalle village, there are 53 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,550 per sq.ft. The median value for these streets is Rs 802 per sq.ft, which aligns with the guideline value of Durakai Amman Koil St.

• Devar Nagar: Rs 802 per sq.ft (2024)
• Gandhi 1st Street: Rs 802 per sq.ft (2024)
• Gandhi 2nd Cross: Rs 802 per sq.ft (2024)
• Gandhi Road: Rs 802 per sq.ft (2024)
• Crpf Nagar Bharath Avenue: Rs 800 per sq.ft (2024)
• Ganesh Nagar: Rs 806 per sq.ft (2024)

Stamp duty and registration fee for property in Durakai Amman Koil St

For a 1,000 sq.ft plot at the current rate of Rs 802 per sq.ft, the guideline value amounts to Rs 8,02,000. The stamp duty at 7% would be Rs 56,140, and the registration fee at 2% would be Rs 16,040, bringing the total to Rs 72,180. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Durakai Amman Koil St?

The Sub Registrar Office that covers Durakai Amman Koil St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Mitnamalle. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial implications of their transactions based on the official valuation set by the registration department.

Frequently asked questions

What is the current guideline value of Durakai Amman Koil St?

The current guideline value of Durakai Amman Koil St is Rs 802 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then to Rs 600 per sq.ft in 2023, and finally to Rs 802 per sq.ft in 2024.

What is the stamp duty for property in Durakai Amman Koil St?

The stamp duty for property in Durakai Amman Koil St is 7% of the guideline value or sale price, whichever is higher. For a plot valued at Rs 8,02,000, the stamp duty would be Rs 56,140.

Where can I find the Sub Registrar Office for Durakai Amman Koil St?

The Sub Registrar Office for Durakai Amman Koil St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the land classification for Durakai Amman Koil St?

The land classification for Durakai Amman Koil St is Residential Class II Type - I, indicating its suitability for residential purposes.