Guideline Value for Rajammal Duraisamy Street

Rajammal Duraisamy Street guideline value

The current guideline value of Rajammal Duraisamy Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village under the Selaiyur SRO, and it falls under the Residential Class II Type - II land classification.

How the guideline value of Rajammal Duraisamy Street has changed

The guideline value for Rajammal Duraisamy Street has seen several revisions over the years. In 2007, the value was Rs 450 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012. However, it then dropped to Rs 1,005 per sq.ft in 2017. From 2017 to 2023, there was a substantial rise to Rs 1,500 per sq.ft, and the most recent revision in 2024 set the value at Rs 1,600 per sq.ft, marking a 7% increase from the previous year.

Notably, there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from the 2007 revision to the current 2024 figure, there has been an increase of 256% in the guideline value.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 6,500 per sq.ft. The median guideline value in this village is Rs 2,200 per sq.ft, which indicates that the 2024 figure for Rajammal Duraisamy Street is below this median.

• Raja Rao Sahagib Street: Rs 1,600 per sq.ft (2024)
• Raja Rao Street: Rs 1,600 per sq.ft (2024)
• Raja Shaib Rao Street: Rs 1,600 per sq.ft (2024)
• Rajendra Nagar: Rs 1,600 per sq.ft (2024)
• Rajaji Street: Rs 1,600 per sq.ft (2024)
• Rajeswari Nagar: Rs 3,500 per sq.ft (2024)

Stamp duty and registration fee for property in Rajammal Duraisamy Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, while the registration fee at 2% would be Rs 32,000, bringing the total to Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Rajammal Duraisamy Street?

The Sub Registrar Office that covers Rajammal Duraisamy Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Selaiyur. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must be aware of the current guideline value to ensure they are paying the correct fees at the time of registration.

Additionally, the guideline value serves as a benchmark for property transactions, ensuring that the prices reflect a standard value set by the government. This helps maintain transparency and fairness in the property market.

Frequently asked questions

What is the current guideline value of Rajammal Duraisamy Street?

The current guideline value of Rajammal Duraisamy Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 450 per sq.ft in 2007 to Rs 1,600 per sq.ft in 2024, reflecting an overall increase of 256% over the years.

What is the median guideline value in Selaiyur?

The median guideline value in Selaiyur is Rs 2,200 per sq.ft, indicating that Rajammal Duraisamy Street's 2024 figure is below this median.

What are the stamp duty and registration fees for properties on this street?

For a 1,000 sq.ft plot, the total guideline value is Rs 16,00,000, resulting in a stamp duty of Rs 1,12,000 and a registration fee of Rs 32,000, totaling Rs 1,44,000.

Which office handles property registrations for Rajammal Duraisamy Street?

The Selaiyur Sub Registrar Office handles property registrations for Rajammal Duraisamy Street, located at No.36, Bharathmatha Salai, Chennai.