Guideline Value for DURGAIAMMAN KOIL STREET

Durgaiamman Koil Street guideline value

The current guideline value of Durgaiamman Koil Street is Rs 2,950 per sq.ft, effective from 1 July 2024. This street is located in Chitthalapakkam village, under the Selaiyur SRO, and falls under the Residential Special Type - II land classification.

How the guideline value of Durgaiamman Koil Street has changed

The guideline value for Durgaiamman Koil Street has undergone several revisions over the years. In 2012, the value was set at Rs 2,700 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 1,809 per sq.ft. Following this, the value increased significantly to Rs 2,700 per sq.ft in 2023, and then rose again to Rs 2,950 per sq.ft in the 2024 revision, marking a 9% increase from the previous year.

From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, it increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 9%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chitthalapakkam

In Chitthalapakkam, there are 107 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 1,300 to Rs 5,000 per sq.ft. The median value for these streets is Rs 2,900 per sq.ft, positioning Durgaiamman Koil Street's 2024 figure above this median.

• Dream Park Extension: Rs 3,300 per sq.ft (2024)
• Dream Park: Rs 2,700 per sq.ft (2024)
• Esco Nagar: Rs 1,600 per sq.ft (2024)
• Ezhil Nagar: Rs 2,700 per sq.ft (2024)
• Deivalakshmi Nagar: Rs 2,950 per sq.ft (2024)
• Gandhi Street: Rs 2,400 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 2,950 per sq.ft, the total guideline value amounts to Rs 29,50,000. The stamp duty at 7% would be Rs 2,06,500, and the registration fee at 2% would be Rs 59,000, bringing the total to Rs 2,65,500. Please 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 further calculations.

Which Sub Registrar Office covers Durgaiamman Koil Street?

Durgaiamman Koil Street falls under the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, within the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Chitthalapakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Durgaiamman Koil Street?

The current guideline value of Durgaiamman Koil Street is Rs 2,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 2,950 per sq.ft in 2024, up from Rs 2,700 per sq.ft in 2023. The value has also changed from Rs 1,809 per sq.ft in 2017 and Rs 2,700 per sq.ft in 2012.

What is the land classification for Durgaiamman Koil Street?

Durgaiamman Koil Street is classified as Residential Special Type - II, which is significant for determining its guideline value and usage.

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.

How is the stamp duty calculated for properties in Chitthalapakkam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 29,50,000, the stamp duty would be calculated at 7% of that amount.