Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for Duraisamy Giramani 1st Lane

₹7600/sq.ft.

The guideline value for Duraisamy Giramani 1st Lane in Kodambakkam village (Ashok Nagar SRO, Chennai zone) is Rs 7600 per sq.ft, effective 1 July 2024. It was Rs 7000 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kodambakkam

Village

Ashok Nagar

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹7600 /sq.ft.
From 1-4-2023 ₹7000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4690 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹7000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1500 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561082
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Duraisamy Giramani 1st Lane

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Duraisamy Giramani 1st Lane guideline value

The current guideline value of Duraisamy Giramani 1st Lane is Rs 7,600 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 Residential Class I Type - III.

How the guideline value of Duraisamy Giramani 1st Lane has changed

The guideline value for Duraisamy Giramani 1st Lane has seen significant changes over the years. In the 2007 revision, the guideline value was Rs 1,500 per sq.ft, which increased dramatically to Rs 7,000 per sq.ft in 2012. However, it decreased to Rs 4,690 per sq.ft in the 2017 revision. The 2023 revision saw a rise to Rs 7,000 per sq.ft, and the current 2024 revision has further increased it to Rs 7,600 per sq.ft.

From 2017 to 2023, there was a notable increase of 49%, and from 2023 to 2024, the increase was 9%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 407%.

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. The median guideline value for these streets is Rs 4,900 per sq.ft, placing Duraisamy Giramani 1st Lane's 2024 figure above that median.

Stamp duty and registration fee for property in Duraisamy Giramani 1st Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 7,600 per sq.ft, the total guideline value amounts to Rs 76,00,000. The stamp duty at 7% would be Rs 5,32,000, and the registration fee at 2% would be Rs 1,52,000, resulting in a total cost of Rs 6,84,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Duraisamy Giramani 1st Lane?

The Sub Registrar Office covering Duraisamy Giramani 1st Lane 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 information.

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

The guideline value is an essential factor when registering property transactions in Kodambakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the correct amounts are paid based on the property's value.

When buying or selling property, it is crucial to be aware of the guideline value, as it impacts the overall cost of the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Duraisamy Giramani 1st Lane?

The current guideline value of Duraisamy Giramani 1st Lane is Rs 7,600 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 7,600 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification for Duraisamy Giramani 1st Lane?

Duraisamy Giramani 1st Lane is classified as Residential Class I Type - III.

Where can I find the Sub Registrar Office for this area?

The Ashok Nagar Sub Registrar Office covers Duraisamy Giramani 1st Lane and is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 76,00,000, the stamp duty would be Rs 5,32,000 at a rate of 7%.