Guideline Value for DURGAIAMMAN KOIL STREET

Durgaiamman Koil Street guideline value

The current guideline value of Durgaiamman Koil Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Arasankalani village under the Selaiyur SRO, classified as Residential Class III Type - I.

How the guideline value of Durgaiamman Koil Street has changed

Over the years, the guideline value of Durgaiamman Koil Street has undergone several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, there was a significant increase of 49%, raising the value to Rs 1,200 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 1,300 per sq.ft, reflecting an 8% rise from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for Durgaiamman Koil Street. Therefore, the revisions available are from 2012, 2017, 2023, and the current 2024 revision.

Guideline values in Arasankalani

In Arasankalani, there are 85 streets under the Selaiyur SRO that have a 2024 guideline value ranging from Rs 1,300 to Rs 4,750 per sq.ft. The median value for these streets is Rs 2,100 per sq.ft, placing Durgaiamman Koil Street below this median.

• Elite Acres: Rs 2,700 per sq.ft (2024)
• Elite City: Rs 2,350 per sq.ft (2024)
• Dinesh Nagar: Rs 1,650 per sq.ft (2024)
• Felixa Ragio: Rs 3,000 per sq.ft (2024)
• Crysher Road 2nd Lane: Rs 2,100 per sq.ft (2024)
• Crusher Road First Lane: Rs 2,100 per sq.ft (2024)

Stamp duty and registration fee for property in Durgaiamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total cost for these fees to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Durgaiamman Koil Street?

The Sub Registrar Office that covers Durgaiamman Koil Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Arasankalani. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately for legal and taxation purposes.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees. These fees are typically based on the higher of the guideline value or the sale price, ensuring that all transactions are fairly assessed.

Frequently asked questions

What is the current guideline value of Durgaiamman Koil Street?

The current guideline value of Durgaiamman Koil Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2023 to Rs 1,300 per sq.ft in 2024, an increase of 8%. It was Rs 804 per sq.ft in 2017, which was a decrease from Rs 1,200 per sq.ft in 2012.

What are the other streets in Arasankalani?

Other streets in Arasankalani include Elite Acres, Elite City, Dinesh Nagar, Felixa Ragio, Crysher Road 2nd Lane, and Crusher Road First Lane, with varying guideline values.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in Durgaiamman Koil Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.