Guideline Value for Durga Devi Nagar 1st Cross Street

Durga Devi Nagar 1st Cross Street guideline value

The current guideline value of Durga Devi Nagar 1st Cross Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village under the Royapuram SRO and is classified as Residential Class II Type - I.

How the guideline value of Durga Devi Nagar 1st Cross Street has changed

The guideline value for Durga Devi Nagar 1st Cross Street has undergone several revisions over the years. In 2012, the value was set at Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in 2017. Following this, the value increased to Rs 1,200 per sq.ft in 2023 and further rose to Rs 1,300 per sq.ft in 2024, reflecting an overall increase of 8% from 2012 to 2024.

Between the revisions, the most notable changes include a 49% increase from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023, and an 8% rise from 2023 to 2024. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft, with a median value of Rs 1,600 per sq.ft. The guideline value of Durga Devi Nagar 1st Cross Street is below this median.

• Durga Devi Nagar 2nd Cross Street: Rs 1,300 per sq.ft (2024)
• Durga Devi Nagar 3rd Cross Street: Rs 1,300 per sq.ft (2024)
• Durga Devi Nagar 4th Cross Street: Rs 1,300 per sq.ft (2024)
• Durgadevi Nagar 5th Street: Rs 1,300 per sq.ft (2024)
• Durgadevi Nagar 6th Street: Rs 1,300 per sq.ft (2024)
• East Kalmandapam Road: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Durga Devi Nagar 1st Cross Street

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, totaling Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Durga Devi Nagar 1st Cross Street?

The Sub Registrar Office that covers Durga Devi Nagar 1st Cross Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Tondaiarpet. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented accurately and transparently.

When registering a property, buyers should be aware that 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 of Durga Devi Nagar 1st Cross Street?

The current guideline value of Durga Devi Nagar 1st Cross Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,300 per sq.ft in 2024.

What is the land classification for Durga Devi Nagar 1st Cross Street?

Durga Devi Nagar 1st Cross Street is classified as Residential Class II Type - I.

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

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000, and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Where is the Sub Registrar Office for Durga Devi Nagar 1st Cross Street located?

The Sub Registrar Office for Durga Devi Nagar 1st Cross Street is located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.