Guideline Value for Duraisamy Naicker Thottam

Duraisamy Naicker Thottam guideline value

The current guideline value of Duraisamy Naicker Thottam is Rs 1,300 per sq.ft, effective from 1 July 2024. This area is located in Madhavaram village under the Madhavaram SRO and is classified as Residential Class III Type - I.

How the guideline value of Duraisamy Naicker Thottam has changed

The guideline value for Duraisamy Naicker Thottam has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,300 per sq.ft, which is an increase from the 2023 revision of Rs 1,200 per sq.ft, marking an 8% rise. The register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

Prior to the 2023 revision, there were no recorded figures for the street in the earlier years mentioned. The changes reflect the current valuation trends in the area, with the latest figure being effective from July 2024.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO with guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value in this village is Rs 1,600 per sq.ft, placing Duraisamy Naicker Thottam's 2024 figure below that median.

• Duraisamy Naicker St (Ward-10): Rs 1,300 per sq.ft (2024)
• Duraisamy Nagar (Ward-29): Rs 1,300 per sq.ft (2024)
• Duraisamy Nagar: Rs 1,300 per sq.ft (2024)
• Duraisamy st (Ward No.10): Rs 1,300 per sq.ft (2024)
• Durai swamy Naicker St (Ward No.9): Rs 1,300 per sq.ft (2024)
• Durgai Nagar: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Duraisamy Naicker Thottam

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total cost to Rs 1,17,000. 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 Thottam?

The Sub Registrar Office that covers Duraisamy Naicker Thottam is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for additional information.

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

The guideline value is a crucial factor when buying or selling property in Madhavaram. It determines the minimum value for registration purposes, ensuring that the property is registered at a value that reflects its worth according to the local government standards.

When a property is sold, the guideline value will influence the stamp duty and registration fees that need to be paid. Buyers should be aware that these costs are based on the higher of the guideline value or the actual sale price, which can affect the overall transaction costs.

Frequently asked questions

What is the current guideline value of Duraisamy Naicker Thottam?

The current guideline value of Duraisamy Naicker Thottam is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

In 2023, the guideline value was Rs 1,200 per sq.ft, which increased to Rs 1,300 per sq.ft in 2024, marking an 8% rise. There are no recorded figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What other streets have the same guideline value in Madhavaram?

Other streets in Madhavaram with the same guideline value of Rs 1,300 per sq.ft include Duraisamy Naicker St (Ward-10), Duraisamy Nagar (Ward-29), and Durgai Nagar, among others.

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

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 13,00,000, the total stamp duty and registration fees would amount to Rs 1,17,000.

Where can I find the Sub Registrar Office for Duraisamy Naicker Thottam?

The Madhavaram Sub Registrar Office covers Duraisamy Naicker Thottam and is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find more information online.