Guideline Value for Duraisamy Nagar Varadharajan Street

Duraisamy Nagar Varadharajan Street guideline value

The current guideline value of Duraisamy Nagar Varadharajan Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Chitlapakkam village, under the Tambaram Joint 1 SRO, with a land classification of Residential Class I Type - II.

How the guideline value of Duraisamy Nagar Varadharajan Street has changed

Over the years, the guideline value of Duraisamy Nagar Varadharajan Street has seen several revisions. The earliest available figure is from 2012, which was Rs 2,500 per sq.ft. This was followed by a decrease to Rs 1,675 per sq.ft in 2017, but the value then increased significantly to Rs 2,500 per sq.ft in 2023. The latest revision in 2024 has set the guideline value at Rs 2,750 per sq.ft, reflecting a 10% increase from the previous year.

In summary, the changes between revisions show a 49% increase from 2017 to 2023, a 33% decrease from 2012 to 2017, and an overall increase of 10% from 2012 to 2024. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value is Rs 1,650 per sq.ft, placing Duraisamy Nagar Varadharajan Street's 2024 figure above this median.

• Duraisamy Nagar 2nd Street: Rs 2,750 per sq.ft (2024)
• Duraisamy Nagar 1st Street: Rs 2,750 per sq.ft (2024)
• Durgaiamman Koil Street: Rs 1,100 per sq.ft (2024)
• Dr. Sharma Nagar: Rs 4,400 per sq.ft (2024)
• Doss AvenueRuso street: Rs 1,100 per sq.ft (2024)
• Dhenupureeswarar Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Duraisamy Nagar Varadharajan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Duraisamy Nagar Varadharajan Street?

The Sub Registrar Office covering Duraisamy Nagar Varadharajan Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Chitlapakkam. It determines the minimum value at which the property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value serves as a reference point to ensure that the property is not undervalued. This helps maintain transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Duraisamy Nagar Varadharajan Street?

The current guideline value of Duraisamy Nagar Varadharajan Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,750 per sq.ft in 2024.

What is the land classification for this street?

Duraisamy Nagar Varadharajan Street is classified as Residential Class I Type - II.

Where can I find the registration office for this area?

The registration office for Duraisamy Nagar Varadharajan Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 1,92,500.