Guideline Value for Duraiswamy Nagar 3rd Street

Duraiswamy Nagar 3rd Street guideline value

The current guideline value of Duraiswamy Nagar 3rd 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 3rd Street has changed

The guideline value for Duraiswamy Nagar 3rd Street has seen several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was Rs 3,200 per sq.ft. This figure remained the same in the subsequent revision in 2017, where it dropped to Rs 2,144 per sq.ft. The next revision in 2023 saw an increase to Rs 3,200 per sq.ft, followed by the current value of Rs 3,520 per sq.ft established in 2024. There are no recorded figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the guideline value increased by 49%. The overall change from 2012 to 2024 shows a modest increase of 10% in the guideline value.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 2,860 to Rs 6,380 per sq.ft, with a median value of Rs 3,960 per sq.ft. The guideline value of Duraiswamy Nagar 3rd Street is below this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total cost to Rs 3,16,800. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Duraiswamy Nagar 3rd Street?

The Sub Registrar Office that covers Duraiswamy Nagar 3rd 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 plays a crucial role during the registration process of property transactions in Porur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being sold or purchased.

When a property is registered, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Duraiswamy Nagar 3rd Street?

The current guideline value of Duraiswamy Nagar 3rd 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 3,200 per sq.ft in 2012 to Rs 2,144 per sq.ft in 2017, then increased to Rs 3,200 per sq.ft in 2023, and finally to Rs 3,520 per sq.ft in 2024.

What is the land classification of Duraiswamy Nagar 3rd Street?

Duraiswamy Nagar 3rd Street is classified as Residential Special Type - II.

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

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total cost would be Rs 3,16,800.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.