Guideline Value for Duraisami Nagar

Duraisami Nagar guideline value

The current guideline value of Duraisami Nagar is Rs 3,630 per sq.ft, effective from 1 July 2024. This area is located in Mudichur village under the Padappai Sub Registrar Office (SRO), and it falls under the Commercial Class I Type - I land classification.

How the guideline value of Duraisami Nagar has changed

Over the years, the guideline value of Duraisami Nagar has seen significant changes. In 2007, the value was Rs 100 per sq.ft, which increased dramatically to Rs 2,000 per sq.ft in 2012, marking a staggering increase of 1900%. By 2017, the value rose to Rs 2,211 per sq.ft, reflecting an 11% increase. The 2023 revision set the value at Rs 3,300 per sq.ft, which was a 49% increase from the previous revision. The latest revision in 2024 has seen the value rise to Rs 3,630 per sq.ft, a 10% increase from 2023.

It is important to note that the register does not provide figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 3530%.

Guideline values in Mudichur

Mudichur village has 135 streets under the Padappai SRO, with guideline values ranging from Rs 880 to Rs 4,000 per sq.ft as of 2024. The median guideline value in this area is Rs 2,200 per sq.ft, placing Duraisami Nagar's current value above this median.

• Durga Avenue: Rs 1,210 per sq.ft (2024)
• E.B.Colony: Rs 3,630 per sq.ft (2024)
• Ellaiamman Koil Street: Rs 1,210 per sq.ft (2024)
• Elumalai Nagar: Rs 2,200 per sq.ft (2024)
• Erikkarai Street: Rs 3,630 per sq.ft (2024)
• Dhaniya Lakshmi Street: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Duraisami Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,630 per sq.ft, the total guideline value amounts to Rs 36,30,000. The stamp duty at 7% would be Rs 2,54,100, and the registration fee at 2% would be Rs 72,600, bringing the total charges to Rs 3,26,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Duraisami Nagar?

The Sub Registrar Office that covers Duraisami Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Mudichur. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the state government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Duraisami Nagar?

The current guideline value of Duraisami Nagar is Rs 3,630 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 100 per sq.ft in 2007 to Rs 3,630 per sq.ft in 2024, reflecting an overall increase of 3530% over this period.

What is the land classification for Duraisami Nagar?

Duraisami Nagar is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

Where can I find the Padappai Sub Registrar Office?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are 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 guideline value, the total charges would amount to Rs 3,26,700.