Guideline Value for Duraisamy st ( Ward No.10 )

Duraisamy st ( Ward No.10 ) guideline value

The current guideline value of Duraisamy st ( Ward No.10 ) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village, under the Madhavaram SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Duraisamy st ( Ward No.10 ) has changed

In the 2023 revision, the guideline value was Rs 1,200 per sq.ft. The current revision for 2024 shows an increase of 8%, bringing the guideline value to Rs 1,300 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Thus, the only recorded changes are from 2023 to 2024, where the value increased from Rs 1,200 to Rs 1,300 per sq.ft. The absence of figures for earlier years indicates that there were no recorded guideline values for Duraisamy st ( Ward No.10 ) during those revisions.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value, ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value in this area is Rs 1,600 per sq.ft, which means that the 2024 figure for Duraisamy st ( Ward No.10 ) is below this median.

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

Stamp duty and registration fee for property in Duraisamy st ( Ward No.10 )

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. 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 st ( Ward No.10 )?

The Sub Registrar Office that covers Duraisamy st ( Ward No.10 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Madhavaram, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Duraisamy st ( Ward No.10 )?

The current guideline value for Duraisamy st ( Ward No.10 ) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed recently?

The guideline value increased from Rs 1,200 per sq.ft in 2023 to Rs 1,300 per sq.ft in 2024, representing an 8% increase.

What is the land classification for Duraisamy st ( Ward No.10 )?

Duraisamy st ( Ward No.10 ) is classified as Residential Class III Type - I.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated for property sales?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 13,00,000, the stamp duty at 7% would be Rs 91,000.