Guideline Value for Durgai Avenue 6th Street

Durgai Avenue 6th Street guideline value

The current guideline value of Durgai Avenue 6th Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Selavoyal village under the Madhavaram SRO, classified as Residential Class II Type - I.

How the guideline value of Durgai Avenue 6th Street has changed

The guideline value for Durgai Avenue 6th Street has undergone several revisions over the years. The earliest recorded figure is from 2012, where the guideline value was Rs 1,500 per sq.ft. This value decreased to Rs 1,340 per sq.ft in 2017, marking an 11% decline. However, the value saw a significant increase in the subsequent revisions, rising to Rs 2,000 per sq.ft in 2023, which represents a 49% increase from the 2017 figure. The latest revision in 2024 set the guideline value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 47%.

Guideline values in Selavoyal

In Selavoyal village, there are 170 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,900 to Rs 3,300 per sq.ft. The median value is Rs 2,200 per sq.ft, which is the same as the guideline value for Durgai Avenue 6th Street.

• Durgai Avenue 5th Street: Rs 2,200 per sq.ft (2024)
• Durgai Avenue 7th Street: Rs 2,200 per sq.ft (2024)
• Durgai Avenue 4th Street: Rs 2,200 per sq.ft (2024)
• Durgai Avenue 8th Street: Rs 2,200 per sq.ft (2024)
• Durgai Avenue 3rd Street: Rs 2,200 per sq.ft (2024)
• Durgai Avenue Extension 9th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Durgai Avenue 6th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. 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 Durgai Avenue 6th Street?

The Sub Registrar Office that covers Durgai Avenue 6th Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Selavoyal. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the transaction is recorded accurately in accordance with the prevailing regulations.

It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process. The guideline value serves as a reference point for the financial aspects of property transactions, helping to streamline the process.

Frequently asked questions

What is the current guideline value of Durgai Avenue 6th Street?

The current guideline value of Durgai Avenue 6th Street is Rs 2,200 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 2,200 per sq.ft in 2024, showing an overall increase of 47% over this period.

What is the stamp duty for property on Durgai Avenue 6th Street?

The stamp duty for property on Durgai Avenue 6th Street is calculated at 7% of the guideline value or sale price, whichever is higher.

Where is the Madhavaram Sub Registrar Office located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What are the other streets in Selavoyal with the same guideline value?

Several other streets in Selavoyal have the same guideline value of Rs 2,200 per sq.ft, including Durgai Avenue 5th Street, Durgai Avenue 7th Street, Durgai Avenue 4th Street, Durgai Avenue 8th Street, Durgai Avenue 3rd Street, and Durgai Avenue Extension 9th Street.