Guideline Value for Durairajan Salai

Durairajan Salai guideline value

The current guideline value of Durairajan Salai is Rs 4,950 per sq.ft, effective from 1 July 2024. This street is located in Chenchery village, under the Virugambakkam Sub Registrar Office (SRO). The land classification for this area is Residential Class I Type - I.

How the guideline value of Durairajan Salai has changed

The guideline value of Durairajan Salai has seen several revisions over the years. The oldest recorded figure is from 2003, at Rs 489 per sq.ft. This increased significantly to Rs 1,500 per sq.ft in 2007, marking a 207% rise. The value then dropped to Rs 4,500 per sq.ft in 2012, a decrease of 33%. In 2017, the value was revised to Rs 3,015 per sq.ft, which was a 49% increase from the previous revision. The next revision in 2023 set the value at Rs 4,500 per sq.ft, and the most recent revision in 2024 has increased it to Rs 4,950 per sq.ft, a 10% rise.

There is no recorded guideline value for Durairajan Salai in 2002. Overall, from 2003 to 2024, the guideline value has increased by 912%.

Guideline values in Chenchery

In Chenchery, there are 44 streets under the Virugambakkam SRO with a 2024 guideline value ranging from Rs 2,750 to Rs 7,700 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, making Durairajan Salai's 2024 figure of Rs 4,950 per sq.ft above the median.

• CHINAMAYA NAGAR STAGE 2 - Vaikasi Street: Rs 4,950 per sq.ft (2024)
• CHINAMAYA NAGAR STAGE 2 - Ponguni Street: Rs 4,950 per sq.ft (2024)
• CHINAMAYA NAGAR STAGE 2 - Nerkundram Road: Rs 4,950 per sq.ft (2024)
• CHINAMAYA NAGAR STAGE 2 - Maasi Street: Rs 4,950 per sq.ft (2024)
• CHINAMAYA NAGAR STAGE 2 - Chithirai Street: Rs 4,950 per sq.ft (2024)
• CHINAMAYA NAGAR STAGE 2 - Aani Street: Rs 4,950 per sq.ft (2024)

Stamp duty and registration fee for property in Durairajan Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value would be Rs 49,50,000. The stamp duty at 7% would amount to Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, making the total fees together Rs 4,45,500. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Durairajan Salai?

The Sub Registrar Office that covers Durairajan Salai is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration of property transactions in Chenchery. When buying or selling property, the guideline value helps determine the stamp duty and registration fees applicable to the transaction, ensuring that both parties are aware of the costs involved.

It is important for buyers and sellers to be aware of the current guideline value, as it can influence negotiations and the final sale price. Understanding the guideline value also aids in compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Durairajan Salai?

The current guideline value of Durairajan Salai is Rs 4,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 489 per sq.ft in 2003 to Rs 4,950 per sq.ft in 2024, reflecting an overall increase of 912% over the years.

What is the land classification for Durairajan Salai?

Durairajan Salai is classified as Residential Class I Type - I.

What are the stamp duty and registration fees for property in Durairajan Salai?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 4,45,500.

Which office handles property registrations for Durairajan Salai?

The Virugambakkam Sub Registrar Office handles property registrations for Durairajan Salai, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.