Guideline Value for Diraviam Nagar 1st Street

Diraviam Nagar 1st Street guideline value

The current guideline value of Diraviam Nagar 1st Street is Rs 3,520 per sq.ft, effective from 1 July 2024. This street is located in Porur village, under the Kunrathur Sub Registrar Office, and is classified as Residential Special Type - II.

How the guideline value of Diraviam Nagar 1st Street has changed

Over the years, the guideline value of Diraviam Nagar 1st Street has seen several revisions. The 2012 revision recorded a guideline value of Rs 3,200 per sq.ft, which then decreased to Rs 2,144 per sq.ft in the 2017 revision. This was a decline of 33%. Following this, the 2023 revision increased the value to Rs 3,200 per sq.ft, and the current 2024 revision shows a further increase to Rs 3,520 per sq.ft, marking a 10% rise from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that have a guideline value for 2024, ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median guideline value for these streets is Rs 3,960 per sq.ft, making the guideline value of Diraviam Nagar 1st Street below this median.

• Diraviam Nagar: Rs 3,520 per sq.ft (2024)
• Diraviam Nagar 2nd Street: Rs 3,520 per sq.ft (2024)
• Devi Nagar: Rs 3,960 per sq.ft (2024)
• Duraiswamy Nagar: Rs 3,520 per sq.ft (2024)
• Duraiswamy Nagar 1st Street: Rs 3,520 per sq.ft (2024)
• Duraiswamy Nagar 2nd Street: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Diraviam Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value would be Rs 35,20,000. The stamp duty at 7% would amount to Rs 2,46,400, and the registration fee at 2% would be Rs 70,400. Together, the total cost for stamp duty and registration would be Rs 3,16,800. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Diraviam Nagar 1st Street?

The Sub Registrar Office that covers Diraviam Nagar 1st Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Porur. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased, ensuring that the transaction is recorded accurately with the government authorities.

When you buy or sell property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of ownership. This ensures that all transactions are transparent and in compliance with local regulations.

Frequently asked questions

What is the current guideline value of Diraviam Nagar 1st Street?

The current guideline value of Diraviam Nagar 1st Street is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,200 per sq.ft in 2023 to Rs 3,520 per sq.ft in 2024, a 10% increase. It was Rs 2,144 per sq.ft in 2017, which marked a 49% increase from the previous revision.

What are the stamp duty and registration fees for property in Diraviam Nagar 1st Street?

For a 1,000 sq.ft property, the total guideline value is Rs 35,20,000. This results in a stamp duty of Rs 2,46,400 and a registration fee of Rs 70,400, totaling Rs 3,16,800.

Which Sub Registrar Office covers Diraviam Nagar 1st Street?

The Kunrathur Sub Registrar Office covers Diraviam Nagar 1st Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification of Diraviam Nagar 1st Street?

Diraviam Nagar 1st Street is classified as Residential Special Type - II, indicating its suitability for residential development.