Guideline Value for Duraisamy Naicker Street

Duraisamy Naicker Street guideline value

The current guideline value of Duraisamy Naicker Street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village, under the AnnaNagar SRO, and is classified as Residential Class I Type - III.

How the guideline value of Duraisamy Naicker Street has changed

The guideline value for Duraisamy Naicker Street has seen several revisions over the years. In 2007, the value was Rs 1,000 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012. However, it decreased to Rs 3,015 per sq.ft in 2017. The 2023 revision set the value at Rs 4,500 per sq.ft, and the latest revision in 2024 has raised it to Rs 4,900 per sq.ft, marking a 9% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. The value saw a drastic decrease of 33% from 2012 to 2017. The most remarkable change occurred between 2007 and 2012, where the value surged by 350%. Overall, from 2007 to 2024, the guideline value has increased by 390%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ayanavaram

Ayanavaram village has a total of 369 streets under the AnnaNagar SRO with a 2024 guideline value 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 equal to the current value of Duraisamy Naicker Street.

• Duraisamy Mudali Street: Rs 4,900 per sq.ft (2024)
• Duraisamy Iyer 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 Naicker Street

For a 1,000 sq.ft plot at the current rate, the guideline value is 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, totaling Rs 4,41,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Duraisamy Naicker Street?

The Sub Registrar Office that covers Duraisamy Naicker 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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ayanavaram. It determines the amount of stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the buyer and seller must consider the guideline value to understand the financial obligations involved in the transaction. This value helps in maintaining transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value of Duraisamy Naicker Street?

The current guideline value of Duraisamy Naicker 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 multiple times, starting from Rs 1,000 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, showing an overall increase of 390% since 2007.

What are the other streets with the same guideline value in Ayanavaram?

Other streets in Ayanavaram with the same guideline value of Rs 4,900 per sq.ft include Duraisamy Mudali Street, Duraisamy Iyer Street, and Eda Ramasamy Street.

Where is the Sub Registrar Office for Duraisamy Naicker Street located?

The Sub Registrar Office for Duraisamy Naicker Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Ayanavaram?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property with a guideline value of Rs 49,00,000, the stamp duty at 7% would be Rs 3,43,000.