Guideline Value for Duraisamy Mudali Street

Duraisamy Mudali Street guideline value

The current guideline value of Duraisamy Mudali Street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Duraisamy Mudali Street has changed

Over the years, the guideline value for Duraisamy Mudali Street has seen several revisions. The 2012 revision set the value at Rs 4,500 per sq.ft, which was then reduced to Rs 3,015 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 4,500 per sq.ft in the 2023 revision, and finally, it reached Rs 4,900 per sq.ft in the 2024 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

In terms of percentage changes, the guideline value increased by 49% from 2017 to 2023, followed by a 9% increase from 2023 to 2024. Overall, from 2012 to 2024, the value has increased by 9% despite the drop in 2017.

Guideline values in Ayanavaram

Ayanavaram village has a total of 369 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value is Rs 4,900 per sq.ft, which is the same as the current value for Duraisamy Mudali Street.

• Duraisamy Iyer Street: Rs 4,900 per sq.ft (2024)
• Duraisamy Naicker Street: Rs 4,900 per sq.ft (2024)
• Dr.Radhakrishnan Nagar: Rs 4,400 per sq.ft (2024)
• Dr.Ambedkar Telugu Nagar 3rd Street: Rs 2,700 per sq.ft (2024)
• Dr.Ambedkar Telugu Nagar & 1 &2 Street: Rs 2,700 per sq.ft (2024)
• Eda Ramasamy Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Duraisamy Mudali Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total fees together to Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Duraisamy Mudali Street?

The Sub Registrar Office that covers Duraisamy Mudali Street is the AnnaNagar 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 details.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling a property in Ayanavaram, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legal documentation.

Additionally, the guideline value ensures transparency in property transactions, helping to prevent undervaluation or overvaluation of properties. It serves as a standard reference point for both buyers and sellers in the real estate market.

Frequently asked questions

What is the current guideline value of Duraisamy Mudali Street?

The current guideline value of Duraisamy Mudali Street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,500 per sq.ft in 2012 to Rs 3,015 per sq.ft in 2017, then increased to Rs 4,500 per sq.ft in 2023, and finally reached Rs 4,900 per sq.ft in 2024.

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

For a 1,000 sq.ft property at the current guideline value, the stamp duty would be Rs 3,43,000, and the registration fee would be Rs 98,000, totaling Rs 4,41,000.

Which office handles property registrations for Duraisamy Mudali Street?

The AnnaNagar Sub Registrar Office handles property registrations for Duraisamy Mudali Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the significance of the guideline value in property transactions?

The guideline value is essential for determining the minimum registration value of a property, which affects the stamp duty and registration fees. It ensures transparency and fairness in property transactions within the region.