Guideline Value for Duraisamy Nagar

Duraisamy Nagar guideline value

The current guideline value of Duraisamy Nagar is Rs 5,000 per sq.ft, effective from 1 July 2024. This area is located in Kottur village and falls under the Adayar SRO. The land classification for this street is Residential Class IV Type - II.

How the guideline value of Duraisamy Nagar has changed

Over the years, the guideline value of Duraisamy Nagar has seen several revisions. The 2007 revision set the value at Rs 2,200 per sq.ft, which increased to Rs 4,500 per sq.ft in 2012, marking a significant rise of 105%. However, the value decreased to Rs 3,015 per sq.ft in 2017, a drop of 33%. The most recent revisions show a substantial increase, with the 2023 figure at Rs 4,500 per sq.ft, rising to Rs 5,000 per sq.ft in 2024, reflecting an increase of 11%.

The register has no figure for this street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 127%.

Guideline values in Kottur

In Kottur, there are 114 streets under the Adayar SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median guideline value in this area is Rs 6,100 per sq.ft, placing Duraisamy Nagar's 2024 figure below that median.

• Duraisamy Street: Rs 5,000 per sq.ft (2024)
• Ellaiyamman Koil East Street East: Rs 6,600 per sq.ft (2024)
• Ellaiyamman Koil Street: Rs 6,600 per sq.ft (2024)
• Gandhi Mandabam Road: Rs 11,000 per sq.ft (2024)
• Gandhi Nagar 1st Cresent Park Road: Rs 15,400 per sq.ft (2024)
• Gandhi Nagar 1st Cross Street: Rs 15,400 per sq.ft (2024)

Stamp duty and registration fee for property in Duraisamy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 5,000 per sq.ft, the total guideline value amounts to Rs 50,00,000. The stamp duty at 7% would be Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, bringing the total fees to Rs 4,50,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Duraisamy Nagar?

The Sub Registrar Office that covers Duraisamy Nagar is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kottur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Duraisamy Nagar?

The current guideline value of Duraisamy Nagar is Rs 5,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2007 to Rs 5,000 per sq.ft in 2024, showing an overall increase of 127% over the years.

What is the land classification for Duraisamy Nagar?

Duraisamy Nagar is classified as Residential Class IV Type - II.

What are the other streets in Kottur and their guideline values?

Other streets in Kottur include Duraisamy Street at Rs 5,000 per sq.ft, Ellaiyamman Koil East Street East and Ellaiyamman Koil Street at Rs 6,600 per sq.ft, Gandhi Mandabam Road at Rs 11,000 per sq.ft, and Gandhi Nagar 1st Cresent Park Road and Gandhi Nagar 1st Cross Street at Rs 15,400 per sq.ft.

Where can I find the Sub Registrar Office for Duraisamy Nagar?

The Adayar Sub Registrar Office covers Duraisamy Nagar, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.