Guideline Value for Duraisamy Street (V.L.Puram)

Duraisamy Street (V.L.Puram) guideline value

The current guideline value of Duraisamy Street (V.L.Puram) is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village, under the Ambattur SRO, and is classified as Residential Special Type - I.

How the guideline value of Duraisamy Street (V.L.Puram) has changed

The guideline value for Duraisamy Street (V.L.Puram) has undergone several revisions over the years. The oldest recorded revision is from 2012, where the guideline value was Rs 2,200 per sq.ft. In 2017, it decreased to Rs 1,474 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 2,200 per sq.ft in the 2023 revision, followed by the current value of Rs 2,400 per sq.ft in 2024, reflecting a 9% increase.

There are no recorded figures for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. Duraisamy Street (V.L.Puram) has a guideline value that is above this median.

• DR. M. Varatharajan Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• E.B.Street: Rs 1,600 per sq.ft (2024)
• Elango Street: Rs 1,900 per sq.ft (2024)
• Elumalai mesthri Street(Banu nagar): Rs 2,200 per sq.ft (2024)
• Erikkarai Street(Main Road): Rs 1,600 per sq.ft (2024)
• Eswaran Kovil Street (Gandhi Nagar): Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Duraisamy Street (V.L.Puram)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, making the total cost Rs 2,16,000. It is important to note that the 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 Street (V.L.Puram)?

The Sub Registrar Office that covers Duraisamy Street (V.L.Puram) 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 information.

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

The guideline value is a crucial factor when registering property transactions in Oragadam. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property should be registered. This ensures transparency and fairness in the transaction process.

Frequently asked questions

What is the current guideline value of Duraisamy Street (V.L.Puram)?

The current guideline value of Duraisamy Street (V.L.Puram) is Rs 2,400 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 2012 to Rs 1,474 per sq.ft in 2017, then back to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,400 per sq.ft in 2024.

What is the land classification of Duraisamy Street (V.L.Puram)?

Duraisamy Street (V.L.Puram) is classified as Residential Special Type - I.

What are the stamp duty and registration fees for property in Duraisamy Street (V.L.Puram)?

For a property valued at Rs 24,00,000, the stamp duty would be Rs 1,68,000, and the registration fee would be Rs 48,000, totaling Rs 2,16,000.

Where is the Sub Registrar Office for Duraisamy Street (V.L.Puram)?

The Sub Registrar Office for Duraisamy Street (V.L.Puram) is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.