Guideline Value for Durairaj Nagar

Durairaj Nagar guideline value

The current guideline value of Durairaj Nagar, located in Kilkattalai village under the Pallavaram SRO, is Rs 2,530 per sq.ft, effective from 1 July 2024. This land is classified as Residential Class I Type - II.

How the guideline value of Durairaj Nagar has changed

The guideline value of Durairaj Nagar has seen several revisions over the years. Starting from the 2003 revision, where the value was Rs 164 per sq.ft, it increased significantly to Rs 1,620 per sq.ft in 2007. Following this, the value rose to Rs 2,300 per sq.ft in 2012, but then decreased to Rs 1,541 per sq.ft in 2017. The 2023 revision saw a notable increase to Rs 2,300 per sq.ft, and the most recent 2024 revision has set the value at Rs 2,530 per sq.ft, marking a 10% increase from the previous year.

Overall, the guideline value has increased from Rs 164 per sq.ft in 2003 to Rs 2,530 per sq.ft in 2024, reflecting an overall change of 1443%. Notably, the register does not have a figure for the year 2002 for this street.

Guideline values in Kilkattalai

Kilkattalai village has a total of 194 streets under the Pallavaram SRO, with guideline values ranging from Rs 1,080 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,530 per sq.ft, which is equal to the current value of Durairaj Nagar.

• Duraisamy Nagar Ext, Anna Street: Rs 3,300 per sq.ft (2024)
• Duraisamy Nagar Ext, Darmaraja Street: Rs 3,300 per sq.ft (2024)
• Duraiswamy Nagar: Rs 3,300 per sq.ft (2024)
• Easwaran Koil Street: Rs 2,530 per sq.ft (2024)
• Easwaran Nagar: Rs 4,125 per sq.ft (2024)
• Easwaran Nagar 1 To 6 Streets: Rs 4,125 per sq.ft (2024)

Stamp duty and registration fee for property in Durairaj Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value amounts to Rs 25,30,000. The stamp duty, charged at 7%, would be Rs 1,77,100, while the registration fee at 2% would be Rs 50,600, bringing the total fees to Rs 2,27,700. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Durairaj Nagar?

The Sub Registrar Office that covers Durairaj Nagar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Kilkattalai. It is used to determine the stamp duty and registration fees that need to be paid during the transaction process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and tax purposes. Buyers and sellers should always refer to the latest guideline values to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Durairaj Nagar?

The current guideline value of Durairaj Nagar is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 164 per sq.ft in 2003 to Rs 2,530 per sq.ft in 2024, showing a significant increase of 1443% over the years.

What is the land classification of Durairaj Nagar?

Durairaj Nagar is classified as Residential Class I Type - II, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Durairaj Nagar?

The Sub Registrar Office for Durairaj Nagar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is stamp duty calculated for property in Durairaj Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 1,77,100 at 7% of the guideline value.