Guideline Value for Diraviam Nagar

Diraviam Nagar guideline value

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

How the guideline value of Diraviam Nagar has changed

The guideline value for Diraviam Nagar has undergone several revisions since 2002. In 2002, the guideline value was Rs 446 per sq.ft, which increased to Rs 600 per sq.ft in 2003, marking a change of +35%. The value then saw a significant rise to Rs 1,706 per sq.ft in 2007, an increase of +184%. Following this, the value decreased to Rs 3,200 per sq.ft in 2012, resulting in a decline of -33%. The guideline value then increased to Rs 2,144 per sq.ft in 2017, which was a +49% rise. The most recent revision in 2023 set the value at Rs 3,200 per sq.ft, followed by the current value of Rs 3,520 per sq.ft in 2024, reflecting a change of +10%.

There are no figures available for the revisions of the years not listed for this street. Overall, from 2002 to 2024, the guideline value has increased by +689%.

Guideline values in Porur

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

• Diraviam Nagar 1st Street: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total to Rs 3,16,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Diraviam Nagar?

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

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

The guideline value is a crucial factor during property registration in Porur. It serves as a reference point for determining the appropriate stamp duty and registration fees that need to be paid when a property is bought or sold.

When engaging in a property transaction, the guideline value ensures that the transaction is recorded accurately, reflecting the legal value of the property. This helps in maintaining transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Diraviam Nagar?

The current guideline value of Diraviam Nagar 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 significantly from Rs 446 per sq.ft in 2002 to Rs 3,520 per sq.ft in 2024, reflecting an overall increase of +689%.

What is the land classification of Diraviam Nagar?

Diraviam Nagar is classified as Residential Special Type - II under the current guidelines.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 35,20,000, with stamp duty at Rs 2,46,400 and registration fees at Rs 70,400, totaling Rs 3,16,800.

Which office handles property registrations for Diraviam Nagar?

The Kunrathur Sub Registrar Office handles property registrations for Diraviam Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.