Guideline Value for Duraisamy Street

Duraisamy Street guideline value

The current guideline value of Duraisamy Street in Thirunageswaram village, under the Kunrathur SRO, is Rs 1,550 per sq.ft, effective from 1 July 2024. This street is classified as Residential Special 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 earliest recorded figure is from 2012, which was Rs 1,400 per sq.ft. This was followed by a decrease to Rs 938 per sq.ft in 2017. Subsequently, the value rose significantly to Rs 1,400 per sq.ft in 2023, before reaching the current value of Rs 1,550 per sq.ft in 2024, marking an increase of 11% from the previous year.

Overall, the guideline value has increased by 11% from 2012 to 2024. The changes between the revisions show a 49% increase from 2017 to 2023, while there was a notable decrease of 33% from 2012 to 2017. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thirunageswaram

In Thirunageswaram village, there are 105 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 2,000 per sq.ft. The median guideline value is Rs 1,550 per sq.ft, which is equal to the current figure for Duraisamy Street.

• Gangaiamman Koil Street: Rs 1,550 per sq.ft (2024)
• Chinna Street: Rs 1,550 per sq.ft (2024)
• Bhavaniamman Koil Street: Rs 1,550 per sq.ft (2024)
• Bhavaniamman Koil 3rd Street: Rs 1,550 per sq.ft (2024)
• Bhavaniamman Koil 2nd Street: Rs 1,550 per sq.ft (2024)
• Bhavaniamman Koil 2nd Cross Street: Rs 1,550 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 1,550 per sq.ft, the total guideline value amounts to Rs 15,50,000. The stamp duty at 7% would be Rs 1,08,500, while the registration fee at 2% would be Rs 31,000, bringing the total to Rs 1,39,500. It is important to note that the 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 further calculations.

Which Sub Registrar Office covers Duraisamy Street?

The Sub Registrar Office that covers Duraisamy Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Thirunageswaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is sold or purchased.

When a buyer or seller engages in a transaction, the guideline value is taken into account to ensure that the appropriate fees are calculated based on the value of the property. This helps maintain transparency and standardization in property dealings.

Frequently asked questions

What is the current guideline value of Duraisamy Street?

The current guideline value of Duraisamy Street is Rs 1,550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,400 per sq.ft in 2012 to Rs 938 per sq.ft in 2017, then increased to Rs 1,400 per sq.ft in 2023, and finally to Rs 1,550 per sq.ft in 2024.

What is the land classification of Duraisamy Street?

Duraisamy Street is classified as Residential Special Type - II, which indicates its designated use for residential purposes.

What is the median guideline value in Thirunageswaram?

The median guideline value in Thirunageswaram village is Rs 1,550 per sq.ft, which is the same as the current guideline value for Duraisamy Street.

Where can I find the Sub Registrar Office for Duraisamy Street?

The Sub Registrar Office covering Duraisamy Street is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more information by visiting the provided link.