Guideline Value for DURASAMY NAIDU ST

Durasamy Naidu St guideline value

The current guideline value of Durasamy Naidu St is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in Walajabad village, under the Walajabad SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Durasamy Naidu St has changed

The guideline value for Durasamy Naidu St has experienced several revisions over the years. The earliest recorded figure is from 2012, which was Rs 750 per sq.ft. This value remained unchanged until the next revision in 2017, where it decreased to Rs 502 per sq.ft. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 750 per sq.ft. The 2024 revision has also maintained this value at Rs 750 per sq.ft, resulting in no change from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for Durasamy Naidu St, as the register does not contain any information for these years.

Guideline values in Walajabad

In Walajabad, there are 196 streets under the Walajabad SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 2,000 per sq.ft, with a median value of Rs 750 per sq.ft. Durasamy Naidu St's 2024 guideline value is equal to this median.

• Ebrahimsaibu St: Rs 750 per sq.ft (2024)
• Ehthiralu Naidu Street: Rs 750 per sq.ft (2024)
• Dhasappa Ubedhar Street: Rs 750 per sq.ft (2024)
• Dharmaraja Kovil Street: Rs 750 per sq.ft (2024)
• Dharmaraja Kovil Cross St: Rs 750 per sq.ft (2024)
• Dhanalakshmi Nagar Extension-III: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Durasamy Naidu St

For a 1,000 sq.ft plot at the current rate of Rs 750 per sq.ft, the guideline value amounts to Rs 7,50,000. The stamp duty at 7% would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, totaling Rs 67,500. 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 details.

Which Sub Registrar Office covers Durasamy Naidu St?

The Sub Registrar Office that covers Durasamy Naidu St 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 Walajabad

The guideline value is a crucial factor during the registration of property transactions in Walajabad. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated.

When buying or selling property, the guideline value helps ensure that the transaction is recorded at a fair value, preventing undervaluation. This process is essential for maintaining transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Durasamy Naidu St?

The current guideline value of Durasamy Naidu St is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Durasamy Naidu St has seen several changes, with the most recent being Rs 750 per sq.ft in both 2023 and 2024. It was Rs 502 per sq.ft in 2017 and Rs 750 per sq.ft in 2012.

What are the other streets in Walajabad with the same guideline value?

Several other streets in Walajabad have the same guideline value of Rs 750 per sq.ft in 2024, including Ebrahimsaibu St, Ehthiralu Naidu Street, Dhasappa Ubedhar Street, Dharmaraja Kovil Street, and Dharmaraja Kovil Cross St.

What is the registration fee for property in Durasamy Naidu St?

The registration fee for property in Durasamy Naidu St is calculated based on the guideline value. For a plot valued at Rs 7,50,000, the registration fee would be Rs 15,000 at 2% of the guideline value.

How is the stamp duty calculated for properties in Walajabad?

Stamp duty in Walajabad is charged at 7% on the guideline value or the sale price, whichever is higher. For example, if the guideline value is Rs 7,50,000, the stamp duty would amount to Rs 52,500.