Guideline Value for Durga Theru

Durga Theru guideline value

The current guideline value of Durga Theru is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Perungalathur village, under the Padappai SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Durga Theru has changed

The guideline value for Durga Theru has seen several revisions over the years. In the 2012 revision, the value was set at Rs 1,500 per sq.ft. This was followed by a decrease to Rs 1,005 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value rose significantly by 49% to reach Rs 1,500 per sq.ft. The most recent revision in 2024 has increased the value to Rs 1,650 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for Durga Theru in the revisions of 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that have a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft, with a median value of Rs 2,310 per sq.ft. The guideline value of Durga Theru is below this median.

• Durai Elumalai Street: Rs 1,980 per sq.ft (2024)
• EB Colony: Rs 2,640 per sq.ft (2024)
• Ebinezar Nagar: Rs 1,650 per sq.ft (2024)
• Dr Radhakrishnan Road: Rs 1,980 per sq.ft (2024)
• Drowpathy Amman Koil Street: Rs 1,650 per sq.ft (2024)
• Dr. Karunanithi Street: Rs 2,310 per sq.ft (2024)

Stamp duty and registration fee for property in Durga Theru

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty, charged at 7%, would amount to Rs 1,15,500, while the registration fee at 2% would be Rs 33,000. Together, the total cost for stamp duty and registration would be Rs 1,48,500. It is important to note that the 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 Durga Theru?

The Sub Registrar Office that covers Durga Theru is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Perungalathur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When registering a property, the guideline value will be referenced to calculate the necessary fees. It is essential for both parties to understand that the stamp duty is charged on the higher of the guideline value or the sale price, ensuring that the correct amount is paid during the registration process.

Frequently asked questions

What is the current guideline value of Durga Theru?

The current guideline value of Durga Theru is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then back to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

Which Sub Registrar Office covers Durga Theru?

The Padappai Sub Registrar Office covers Durga Theru, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What is the stamp duty on property in Durga Theru?

The stamp duty for property in Durga Theru is charged at 7% of the guideline value or sale price, whichever is higher.

What are the guideline values of other streets in Perungalathur?

Other streets in Perungalathur have varying guideline values, ranging from Rs 1,650 per sq.ft to Rs 2,640 per sq.ft. For example, EB Colony has a guideline value of Rs 2,640 per sq.ft, while Durai Elumalai Street is valued at Rs 1,980 per sq.ft.