Guideline Value for Durai Samy Road (Kiramani)

Durai Samy Road (Kiramani) guideline value

The current guideline value of Durai Samy Road (Kiramani) is Rs 8,800 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO. The land classification for this area is Mixed Type - I.

How the guideline value of Durai Samy Road (Kiramani) has changed

Over the years, the guideline value of Durai Samy Road (Kiramani) has seen significant changes. In the 2007 revision, the guideline value was Rs 1,500 per sq.ft, which increased to Rs 5,360 per sq.ft in 2017, marking a substantial rise of 257%. The value further escalated to Rs 8,000 per sq.ft in 2023, reflecting a 49% increase from the previous revision. The most recent 2024 revision set the guideline value at Rs 8,800 per sq.ft, a 10% increase from 2023.

There were no figures available for the revisions in 2002, 2003, and 2012 for this street. Overall, from 2007 to 2024, the guideline value has increased by 487%.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO, with guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft as of 2024. The median guideline value for these streets is Rs 4,900 per sq.ft, placing Durai Samy Road (Kiramani) above this median.

• Duraisamy Giramani 2nd Street: Rs 7,600 per sq.ft (2024)
• Duraisamy Giramani 2nd Lane: Rs 7,600 per sq.ft (2024)
• Duraisamy Giramani 1st Lane: Rs 7,600 per sq.ft (2024)
• Durgai Amman Koil Street (M.G.R.Nagar): Rs 3,300 per sq.ft (2024)
• Dr. Subbarayan Nagar Main Road: Rs 7,000 per sq.ft (2024)
• Dr. Subbarayan Nagar 8th Street: Rs 7,000 per sq.ft (2024)

Stamp duty and registration fee for property in Durai Samy Road (Kiramani)

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value would be Rs 88,00,000. The stamp duty at 7% would amount to Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, bringing the total to Rs 7,92,000. Please 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 Durai Samy Road (Kiramani)?

The Sub Registrar Office that covers Durai Samy Road (Kiramani) is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kodambakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When a property is sold, the guideline value serves as a benchmark for calculating these fees. Buyers and sellers must be aware of the guideline value to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Durai Samy Road (Kiramani)?

The current guideline value of Durai Samy Road (Kiramani) is Rs 8,800 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 1,500 per sq.ft in 2007 to Rs 8,800 per sq.ft in 2024, which is an overall increase of 487%.

What are the guideline values for other streets in Kodambakkam?

Other streets in Kodambakkam under the Ashok Nagar SRO have varying guideline values, with rates ranging from Rs 2,200 to Rs 11,000 per sq.ft as of 2024.

What is the stamp duty rate for properties in Durai Samy Road (Kiramani)?

The stamp duty rate for properties in Durai Samy Road (Kiramani) is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office located for Durai Samy Road (Kiramani)?

The Sub Registrar Office covering Durai Samy Road (Kiramani) is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.