Guideline Value for Durai swamy Naicker St ( Ward No.9 )

Durai swamy Naicker St ( Ward No.9 ) guideline value

The current guideline value of Durai swamy Naicker St ( Ward No.9 ) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village under the Madhavaram SRO, and it falls under the Residential Class III Type - I land classification.

How the guideline value of Durai swamy Naicker St ( Ward No.9 ) has changed

The guideline value for Durai swamy Naicker St has seen several revisions over the years. The earliest available figure is from 2012, where the guideline value was Rs 1,200 per sq.ft. This value decreased to Rs 804 per sq.ft in the 2017 revision, marking a decline of 33%. However, in the latest revision of 2024, the guideline value rose to Rs 1,300 per sq.ft, reflecting an increase of 62% from the 2017 figure and an overall increase of 8% from the 2012 figure.

It is important to note that there are no figures available for the years 2023, 2007, 2003, and 2002 in the register for this street. The most recent revision, effective from 1 July 2024, sets the guideline value at Rs 1,300 per sq.ft.

Guideline values in Madhavaram

In Madhavaram village, there are 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft, with a median value of Rs 1,600 per sq.ft. The guideline value for Durai swamy Naicker St is below this median.

• Duraisamy st ( Ward No.10 ): Rs 1,300 per sq.ft (2024)
• Duraisamy Naicker Thottam: Rs 1,300 per sq.ft (2024)
• Duraisamy Naicker St (Ward-10): Rs 1,300 per sq.ft (2024)
• Duraisamy Nagar (Ward-29): Rs 1,300 per sq.ft (2024)
• Duraisamy Nagar: Rs 1,300 per sq.ft (2024)
• Durgai Nagar: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Durai swamy Naicker St ( Ward No.9 )

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total cost for these fees to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Durai swamy Naicker St ( Ward No.9 )?

The Sub Registrar Office that covers Durai swamy Naicker St ( Ward No.9 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Madhavaram. When a property is registered, the guideline value is used to determine the applicable stamp duty and registration fees. These fees are based on the guideline value or the sale price, whichever is higher.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the total cost involved in the transaction. Understanding this value can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Durai swamy Naicker St ( Ward No.9 )?

The current guideline value of Durai swamy Naicker St ( Ward No.9 ) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, and then increased to Rs 1,300 per sq.ft in 2024. This reflects a 62% increase from 2017 to 2024 and an overall increase of 8% from 2012 to 2024.

What is the land classification of Durai swamy Naicker St?

Durai swamy Naicker St falls under the Residential Class III Type - I land classification.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for this street located?

The Sub Registrar Office for Durai swamy Naicker St ( Ward No.9 ) is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.