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Guideline Value

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Guideline Value for Durai Abdul Vahab Street

₹1320/sq.ft.

The guideline value for Durai Abdul Vahab Street in Naravarikuppam village (Redhills SRO, Chennai zone) is Rs 1320 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Naravarikuppam

Village

Redhills

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1320 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Durai Abdul Vahab Street

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Durai Abdul Vahab Street guideline value

The current guideline value of Durai Abdul Vahab 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 Vahab Street has changed

The guideline value for Durai Abdul Vahab Street has undergone several revisions over the years. The 2007 revision set the value at Rs 400 per sq.ft, which increased to Rs 1,200 per sq.ft in 2012, marking a significant rise of 200%. However, in 2017, the value dropped to Rs 804 per sq.ft, reflecting a decrease of 33%. The subsequent revision in 2023 saw an increase to Rs 1,200 per sq.ft, and the latest revision in 2024 has set the value at Rs 1,320 per sq.ft, representing a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 230%. It is important to note that there are no figures available for the years 2002 and 2003 for this street in the register.

Guideline values in Naravarikuppam

Naravarikuppam has a total of 112 streets under the Redhills SRO with 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 Vahab Street's 2024 figure below that median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, resulting in a total of Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Durai Abdul Vahab Street?

The Sub Registrar Office that covers Durai Abdul Vahab Street is the Redhills Sub Registrar Office. The address is Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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 stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When a property transaction occurs, the guideline value helps ensure that the transaction is registered at a fair and regulated price, thereby contributing to transparency in the real estate market.

Frequently asked questions

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

The current guideline value of Durai Abdul Vahab 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 significantly from Rs 400 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 230% over the years.

What is the stamp duty for property in Durai Abdul Vahab Street?

The stamp duty for property in Durai Abdul Vahab Street is 7% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 92,400.

Which Sub Registrar Office covers this street?

The Redhills Sub Registrar Office covers Durai Abdul Vahab Street, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What are the other streets in Naravarikuppam with similar guideline values?

Other streets in Naravarikuppam with similar guideline values include Durai Abdul Kadhar Street and Durai Abdul Abha Sahib Street, both at Rs 1,320 per sq.ft in 2024.