Guideline Value for Duraiswamy Nagar 2nd Street

Duraiswamy Nagar 2nd Street guideline value

The current guideline value of Duraiswamy Nagar 2nd Street 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 2nd Street has changed

Looking at the revisions, the guideline value for Duraiswamy Nagar 2nd Street was Rs 3,200 per sq.ft in 2023, which increased to Rs 3,520 per sq.ft in 2024, marking a change of +10%. Prior to that, in 2017, the value was Rs 2,144 per sq.ft, indicating a significant increase of +49% over the six years leading up to 2023. The 2012 revision also recorded a value of Rs 3,200 per sq.ft, which was a decrease of -33% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has seen a modest increase of +10%.

The register has no 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 that carry a 2024 guideline value, ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median value for these streets is Rs 3,960 per sq.ft, placing Duraiswamy Nagar 2nd Street's 2024 figure below that median.

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

For a 1,000 sq.ft plot at the current rate of Rs 3,520 per sq.ft, the guideline value amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, while the registration fee at 2% would be Rs 70,400, totaling Rs 3,16,800. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Duraiswamy Nagar 2nd Street?

The Sub Registrar Office that covers Duraiswamy Nagar 2nd Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Porur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property being transacted. It is essential for buyers to be aware of the guideline value to ensure they are paying a fair price and to avoid any potential legal issues during registration.

Frequently asked questions

What is the current guideline value of Duraiswamy Nagar 2nd Street?

The current guideline value of Duraiswamy Nagar 2nd Street 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 2,144 per sq.ft in 2017 to Rs 3,520 per sq.ft in 2024, with various revisions in between. The most recent increase was +10% from 2023 to 2024.

What are the guideline values for other streets in Porur?

Other streets in Porur have varying guideline values, with some streets like Duraiswamy Nagar 4th Street at Rs 3,960 per sq.ft and others like Duraiswamy Nagar 1st Street at Rs 3,520 per sq.ft.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 35,20,000, the stamp duty would be Rs 2,46,400 and the registration fee would be Rs 70,400, totaling Rs 3,16,800.

Which office handles property registrations for Duraiswamy Nagar 2nd Street?

The Kunrathur Sub Registrar Office handles property registrations for Duraiswamy Nagar 2nd Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.