Guideline Value for Durai Abdul Kadhar Street

Durai Abdul Kadhar Street guideline value

The current guideline value of Durai Abdul Kadhar Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Naravarikuppam village, under the Redhills SRO, and is classified as Residential Class III Type - I.

How the guideline value of Durai Abdul Kadhar Street has changed

The guideline value for Durai Abdul Kadhar Street has seen several revisions over the years. In 2002, the value was Rs 3,471 per sq.ft, which decreased to Rs 353 per sq.ft in 2003, marking a significant drop of 90%. Following this, the value increased to Rs 400 per sq.ft in 2007, reflecting a rise of 13%. The 2012 revision set the value at Rs 1,200 per sq.ft, an increase of 200% from the previous figure. However, this was followed by a decrease to Rs 804 per sq.ft in 2017, which was a decline of 33%. The value then increased to Rs 1,200 per sq.ft in 2023, and finally, it reached Rs 1,320 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has decreased by 62%. The register shows no figures for the years not mentioned above.

Guideline values in Naravarikuppam

In Naravarikuppam, there are 112 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, placing Durai Abdul Kadhar Street's 2024 figure below this median.

• Durai Abdul Abha Sahib Street: Rs 1,320 per sq.ft (2024)
• Durai Abdul Vahab Street: Rs 1,320 per sq.ft (2024)
• Dr. Varatharajanar Street: Rs 1,650 per sq.ft (2024)
• Dr. Vaideeswaran Street: Rs 1,650 per sq.ft (2024)
• Dr. Vaideeswaran 2nd Street: Rs 1,650 per sq.ft (2024)
• Dr. Vaideeswaran 1st Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Durai Abdul Kadhar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees together to Rs 1,18,800. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Durai Abdul Kadhar Street?

The Sub Registrar Office covering Durai Abdul Kadhar Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Naravarikuppam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted fairly and transparently.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Durai Abdul Kadhar Street?

The current guideline value of Durai Abdul Kadhar Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,471 per sq.ft in 2002 to Rs 1,320 per sq.ft in 2024, reflecting a significant decrease of 62% over the years.

What is the classification of Durai Abdul Kadhar Street?

Durai Abdul Kadhar Street is classified as Residential Class III Type - I.

Which Sub Registrar Office is responsible for this street?

The Redhills Sub Registrar Office is responsible for Durai Abdul Kadhar Street, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 1,18,800.