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Guideline Value

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Guideline Value for Duraisamy Road (Duraisamy Gramani Road)

₹6050/sq.ft.

The guideline value for Duraisamy Road (duraisamy Gramani Road) in Saligramam village (Virugambakkam SRO, Chennai zone) is Rs 6050 per sq.ft, effective 1 July 2024. It was Rs 5500 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Saligramam

Village

Virugambakkam

SRO

Mixed Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹6050 /sq.ft.
From 1-4-2023 ₹5500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3685 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2100 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹859 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹786 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Duraisamy Road (duraisamy Gramani Road)

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Duraisamy Road (Duraisamy Gramani Road) guideline value

The current guideline value of Duraisamy Road (Duraisamy Gramani Road) is Rs 6,050 per sq.ft, effective from 1 July 2024. This road is located in Saligramam village and falls under the Virugambakkam SRO. The land classification for this area is Mixed Special Type - III.

How the guideline value of Duraisamy Road (Duraisamy Gramani Road) has changed

The guideline value for Duraisamy Road has seen several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 786 per sq.ft. This increased to Rs 859 per sq.ft in 2003, marking a growth of 9%. The 2007 revision saw a significant jump to Rs 2,100 per sq.ft, which was a 144% increase. In 2012, the value adjusted to Rs 5,000 per sq.ft, reflecting a decrease of 26% from the previous revision.

Continuing this trend, the 2017 revision set the guideline value at Rs 3,685 per sq.ft, which was a 49% increase from 2012. The most recent 2023 revision brought the value up to Rs 5,500 per sq.ft, and the upcoming 2024 revision will further increase it to Rs 6,050 per sq.ft, a rise of 10% from the previous year. There are no figures available for years not listed in the register for this street.

Guideline values in Saligramam

In Saligramam, there are 333 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, placing Duraisamy Road's 2024 figure above that median.

Stamp duty and registration fee for property in Duraisamy Road (Duraisamy Gramani Road)

For a 1,000 sq.ft plot at the current rate of Rs 6,050 per sq.ft, the guideline value amounts to Rs 60,50,000. The stamp duty at 7% would be Rs 4,23,500, and the registration fee at 2% would be Rs 1,21,000, bringing the total to Rs 5,44,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Duraisamy Road (Duraisamy Gramani Road)?

The Sub Registrar Office that covers Duraisamy Road is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

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

When a property is registered, the guideline value is compared with the sale price, and the higher of the two amounts is used to calculate the applicable duties and fees. This ensures that the registration process is aligned with the current market standards as reflected in the guideline values.

Frequently asked questions

What is the current guideline value of Duraisamy Road?

The current guideline value of Duraisamy Road (Duraisamy Gramani Road) is Rs 6,050 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 786 per sq.ft in 2002 to Rs 6,050 per sq.ft in 2024, marking an overall increase of 670% over this period.

What is the land classification for Duraisamy Road?

Duraisamy Road is classified as Mixed Special Type - III, which indicates its diverse usage and development potential.

Where can I find the registration office for Duraisamy Road?

The registration office for Duraisamy Road is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties in Duraisamy Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 60,50,000, the stamp duty would be Rs 4,23,500 at a rate of 7%.