Guideline Value for Durga Devi Nagar 3rd cross Street

Durga Devi Nagar 3rd cross Street guideline value

The current guideline value of Durga Devi Nagar 3rd cross Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village and falls under the Royapuram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Durga Devi Nagar 3rd cross Street has changed

Looking at the revisions, the guideline value for Durga Devi Nagar 3rd cross Street has undergone several changes over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,200 per sq.ft in 2023 and finally rose to Rs 1,300 per sq.ft in the 2024 revision, marking an increase of 8% from the previous year.

From 2017 to 2023, there was a significant increase of 49%. However, the value decreased by 33% from 2012 to 2017. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. The guideline value register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Tondaiarpet

In Tondaiarpet village, 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 3rd cross Street is below this median.

• Durga Devi Nagar 2nd Cross Street: Rs 1,300 per sq.ft (2024)
• Durga Devi Nagar 4th cross Street: Rs 1,300 per sq.ft (2024)
• Durga Devi Nagar 1st Cross Street: Rs 1,300 per sq.ft (2024)
• Durgadevi Nagar 5th Street: Rs 1,300 per sq.ft (2024)
• Durgadevi Nagar 6th Steet: 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 3rd 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, while the registration fee at 2% would be Rs 26,000, leading to a total of 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.

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

Which Sub Registrar Office covers Durga Devi Nagar 3rd cross Street?

The Sub Registrar Office that covers Durga Devi Nagar 3rd 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 details.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Tondaiarpet. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

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 appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Durga Devi Nagar 3rd cross Street?

The current guideline value for Durga Devi Nagar 3rd 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 this street?

The land classification for Durga Devi Nagar 3rd cross Street is Residential Class II Type - I.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in this area is 7% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office covers Tondaiarpet?

The Royapuram Sub Registrar Office covers Tondaiarpet, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.