Guideline Value for Duraiswamy Nagar Main Road

Duraiswamy Nagar Main Road guideline value

The current guideline value of Duraiswamy Nagar Main Road is Rs 3,520 per sq.ft, effective from 1 July 2024. This street is located in Porur village, under the Kunrathur SRO, and is classified as Residential Special Type - II.

How the guideline value of Duraiswamy Nagar Main Road has changed

Over the years, the guideline value of Duraiswamy Nagar Main Road has seen several revisions. The earliest recorded revision was in 2012, where the value was Rs 3,200 per sq.ft. This figure remained until the next revision in 2017, where it decreased to Rs 2,144 per sq.ft. Subsequently, in 2023, the guideline value increased to Rs 3,200 per sq.ft, and in 2024, it further increased to Rs 3,520 per sq.ft, marking a 10% rise from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value increased by 10%. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO, with guideline values ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median guideline value for these streets is Rs 3,960 per sq.ft, which means that the current value of Duraiswamy Nagar Main Road is below this median.

• Duraiswamy Nagar 4th Street: Rs 3,960 per sq.ft (2024)
• Duraiswamy Nagar 3rd Street: Rs 3,520 per sq.ft (2024)
• Duraiswamy Nagar 2nd Street: Rs 3,520 per sq.ft (2024)
• Duraiswamy Nagar 1st Street: Rs 3,520 per sq.ft (2024)
• Duraiswamy Nagar: Rs 3,520 per sq.ft (2024)
• Eadayar Street: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Duraiswamy Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value would be Rs 35,20,000. The stamp duty at 7% would amount to Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, resulting in a total of Rs 3,16,800. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Duraiswamy Nagar Main Road?

The Sub Registrar Office that covers Duraiswamy Nagar Main Road is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Porur. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. This ensures that the government receives the appropriate revenue from property transactions.

When registering a property, the guideline value is typically used as a reference point. Buyers and sellers should be aware that the guideline value can influence the overall cost of the transaction, including taxes and fees associated with the registration process.

Frequently asked questions

What is the current guideline value of Duraiswamy Nagar Main Road?

The current guideline value of Duraiswamy Nagar Main Road is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,200 per sq.ft in 2023 to Rs 3,520 per sq.ft in 2024, marking a 10% increase. It was Rs 2,144 per sq.ft in 2017 and Rs 3,200 per sq.ft in 2012.

What is the land classification for Duraiswamy Nagar Main Road?

Duraiswamy Nagar Main Road is classified as Residential Special Type - II.

Where can I find the registration office for Duraiswamy Nagar Main Road?

The registration office for Duraiswamy Nagar Main Road is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 35,20,000 would incur a stamp duty of Rs 2,46,400 at a rate of 7%.