Guideline Value for Duraisamy Street

Duraisamy Street guideline value

The current guideline value of Duraisamy Street is Rs 5,000 per sq.ft, effective from 1 July 2024. This street is located in Kottur village, under the Adayar SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Duraisamy Street has changed

The guideline value for Duraisamy Street has seen several revisions over the years. The 2012 revision set the value at Rs 4,500 per sq.ft, which then decreased to Rs 3,015 per sq.ft in the 2017 revision. Subsequently, the value increased to Rs 4,500 per sq.ft in 2023, and finally, it reached Rs 5,000 per sq.ft in the 2024 revision, marking an increase of 11% from the previous year.

Between the 2017 and 2023 revisions, the guideline value increased by 49%. However, there were no figures for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 11%.

Guideline values in Kottur

In Kottur, there are 114 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 15,400 per sq.ft, with a median value of Rs 6,100 per sq.ft. The guideline value of Duraisamy Street is below this median.

• Duraisamy Nagar: Rs 5,000 per sq.ft (2024)
• Ellaiyamman Koil East Street East: Rs 6,600 per sq.ft (2024)
• Ellaiyamman Koil Street: Rs 6,600 per sq.ft (2024)
• Gandhi Mandabam Road: Rs 11,000 per sq.ft (2024)
• Gandhi Nagar 1st Cresent Park Road: Rs 15,400 per sq.ft (2024)
• Gandhi Nagar 1st Cross Street: Rs 15,400 per sq.ft (2024)

Stamp duty and registration fee for property in Duraisamy Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,000 per sq.ft, the total guideline value amounts to Rs 50,00,000. The stamp duty at 7% would be Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, bringing the total fees to Rs 4,50,000. It is important to note that stamp duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Duraisamy Street?

The Sub Registrar Office that covers Duraisamy Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Kottur. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area.

When registering a property, the guideline value serves as a benchmark for calculating the applicable fees, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Duraisamy Street?

The current guideline value of Duraisamy Street is Rs 5,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,500 per sq.ft in 2012 to Rs 3,015 per sq.ft in 2017, then to Rs 4,500 per sq.ft in 2023, and finally to Rs 5,000 per sq.ft in 2024.

What is the land classification for Duraisamy Street?

Duraisamy Street is classified as Residential Class IV Type - II.

What are the stamp duty and registration fees for property in Duraisamy Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 50,00,000, with stamp duty at Rs 3,50,000 and a registration fee of Rs 1,00,000, totaling Rs 4,50,000.

Which office handles property registrations in Kottur?

The Adayar Sub Registrar Office handles property registrations in Kottur, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.