Guideline Value for DURGAI AMMAN KOIL STREET

Durgai Amman Koil Street guideline value

The current guideline value of Durgai Amman Koil Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Iyyappanthangal village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Durgai Amman Koil Street has changed

The guideline value for Durgai Amman Koil Street has seen significant changes over the years. In the 2007 revision, the value was Rs 300 per sq.ft. This increased to Rs 1,500 per sq.ft in 2012, marking a remarkable rise of 400%. However, the value decreased to Rs 1,005 per sq.ft in 2017, which was a drop of 33%. The 2023 revision set the value at Rs 1,500 per sq.ft, followed by a 10% increase to the current value of Rs 1,650 per sq.ft in 2024.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 450%.

Guideline values in Iyyappanthangal

In Iyyappanthangal, there are 134 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 5,610 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, making the current value of Durgai Amman Koil Street below that median.

• E.V.P. Park Avenue: Rs 2,750 per sq.ft (2024)
• E.V.P. Park Avenue 1st Main Road: Rs 2,750 per sq.ft (2024)
• E.V.P. Park Avenue 2nd Main Road: Rs 2,750 per sq.ft (2024)
• Dhanalskhmi Nagar Phase II: Rs 2,750 per sq.ft (2024)
• Dhanalskhmi Nagar Phase I: Rs 2,750 per sq.ft (2024)
• Dhanalskhmi Nagar 3rd Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Durgai Amman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Durgai Amman Koil Street?

The Sub Registrar Office that covers Durgai Amman Koil Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Iyyappanthangal. It is used to determine the stamp duty and registration fees applicable during the buying or selling process. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements when registering property.

Additionally, the guideline value serves as a benchmark for property transactions, ensuring that the sale price is reflective of the market standards set by the registration department. This helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Durgai Amman Koil Street?

The current guideline value of Durgai Amman Koil Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 450% over this period.

What are the stamp duty and registration fees for properties on this street?

The stamp duty for a property valued at Rs 16,50,000 would be Rs 1,15,500, with a registration fee of Rs 33,000, totaling Rs 1,48,500.

Which Sub Registrar Office covers Durgai Amman Koil Street?

The Chennai South Joint I Sub Registrar Office covers Durgai Amman Koil Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.

What is the land classification for Durgai Amman Koil Street?

The land classification for Durgai Amman Koil Street is Residential Class IV Type - I, indicating its suitability for residential purposes.