Guideline Value for J.D.DURAIRAJ NAGAR

J.D.Durairaj Nagar guideline value

The current guideline value of J.D.Durairaj Nagar is Rs 3,800 per sq.ft, effective from 1 July 2024. This area is located in Arumbakkam village and falls under the Kodambakkam SRO. The land classification for this street is Residential Class IV Type - III.

How the guideline value of J.D.Durairaj Nagar has changed

The guideline value of J.D.Durairaj Nagar has undergone several revisions over the years. In 2007, the guideline value was Rs 850 per sq.ft, which increased significantly to Rs 3,500 per sq.ft in 2012. However, it saw a decrease to Rs 2,345 per sq.ft in 2017. The value then rose to Rs 3,500 per sq.ft in 2023, before reaching the current value of Rs 3,800 per sq.ft in 2024.

Between the revisions, the changes were notable. From 2007 to 2012, there was an increase of 312%, followed by a decrease of 33% from 2012 to 2017. The value then increased by 49% from 2017 to 2023, and finally, there was a 9% increase from 2023 to 2024. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Arumbakkam

In Arumbakkam, there are 391 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median value for these streets is Rs 6,000 per sq.ft, making the guideline value of J.D.Durairaj Nagar below the median.

• Jayaraman Street: Rs 5,700 per sq.ft (2024)
• Jeevarathinam Street: Rs 4,400 per sq.ft (2024)
• Jawahar Street: Rs 5,500 per sq.ft (2024)
• Jawaharlal Nehru Road (100 Feet Road): Rs 14,300 per sq.ft (2024)
• Janakiraman Colony Extn: Rs 6,600 per sq.ft (2024)
• Janakiraman Colony: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in J.D.Durairaj Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value would be Rs 38,00,000. The stamp duty at 7% would amount to Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, totaling Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers J.D.Durairaj Nagar?

The Sub Registrar Office that covers J.D.Durairaj Nagar is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more details.

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

The guideline value is a critical component in the registration process when buying or selling property in Arumbakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that all transactions are conducted transparently and uniformly. Buyers and sellers should be aware of the current guideline value to accurately assess their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of J.D.Durairaj Nagar?

The current guideline value of J.D.Durairaj Nagar is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 850 per sq.ft in 2007 to Rs 3,800 per sq.ft in 2024, reflecting various increases and decreases across different revisions.

What are the other streets in Arumbakkam and their guideline values?

Other streets in Arumbakkam include Jayaraman Street, Jeevarathinam Street, Jawahar Street, Jawaharlal Nehru Road (100 Feet Road), Janakiraman Colony Extn, and Janakiraman Colony, each with their respective guideline values for 2024.

What is the registration fee for property in J.D.Durairaj Nagar?

The registration fee for property in J.D.Durairaj Nagar is calculated based on the guideline value. For example, for a plot valued at Rs 38,00,000, the registration fee would be Rs 76,000 at 2%.

Where can I find the Sub Registrar Office for J.D.Durairaj Nagar?

The Sub Registrar Office for J.D.Durairaj Nagar is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.