Guideline Value for Duraisamy Nagar

Duraisamy Nagar guideline value

The current guideline value of Duraisamy Nagar is Rs 1,876 per sq.ft, effective from 1 July 2024. This area is located in Puthagaram village under the Ambattur SRO, and the land classification is Residential Special Type - IV.

How the guideline value of Duraisamy Nagar has changed

Looking at the revisions, the guideline value for Duraisamy Nagar has remained consistent at Rs 1,876 per sq.ft across the 2024, 2023, and 2017 revisions. The register does not contain figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2024, there has been no change in the guideline value, maintaining a steady rate of Rs 1,876 per sq.ft. The changes between the revisions from 2023 to 2024 and from 2017 to 2023 also reflect a 0% increase.

Guideline values in Puthagaram

Puthagaram village has a total of 140 streets under the Ambattur SRO, with 2024 guideline values ranging from Rs 1,200 to Rs 3,800 per sq.ft. The median guideline value in this area is Rs 1,900 per sq.ft, making Duraisamy Nagar's 2024 figure below that median.

• Egamberaswrer Nagar: Rs 1,900 per sq.ft (2024)
• Elisabeth Nagar: Rs 1,600 per sq.ft (2024)
• Elizabath Nagar Extn: Rs 1,600 per sq.ft (2024)
• Elumalai Nagar: Rs 1,600 per sq.ft (2024)
• Elumalai Nagar Annex: Rs 1,300 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 1,200 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 1,876 per sq.ft, the total guideline value amounts to Rs 18,76,000. The stamp duty at 7% would be Rs 1,31,320, and the registration fee at 2% would be Rs 37,520, bringing the total to Rs 1,68,840. 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 further assistance.

Which Sub Registrar Office covers Duraisamy Nagar?

The Sub Registrar Office that covers Duraisamy Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration process of property transactions in Puthagaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is referenced to calculate the applicable stamp duty and registration fees. This ensures that all transactions are conducted transparently and within the legal framework established by the Registration Department.

Frequently asked questions

What is the current guideline value of Duraisamy Nagar?

The current guideline value of Duraisamy Nagar is Rs 1,876 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Duraisamy Nagar has remained at Rs 1,876 per sq.ft since the 2017 revision, with no changes reported in the subsequent revisions of 2023 and 2024.

What is the land classification of Duraisamy Nagar?

The land classification of Duraisamy Nagar is Residential Special Type - IV, indicating its designated use for residential purposes.

What are the stamp duty rates for property in Duraisamy Nagar?

The stamp duty rate for property transactions in Duraisamy Nagar is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where is the Ambattur Sub Registrar Office located?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.