Guideline Value for SRI DURGAI AMMAN NAGAR

Sri Durgai Amman Nagar guideline value

The current guideline value of Sri Durgai Amman Nagar is Rs 290 per sq.ft, effective from 1 July 2024. This area is located in Palavedu village and falls under the Avadi SRO. The land classification for this locality is Residential Class II Type - I.

How the guideline value of Sri Durgai Amman Nagar has changed

In the 2017 revision, the guideline value was Rs 268 per sq.ft. This figure remained unchanged in the 2023 revision, where it was still Rs 268 per sq.ft. However, in the latest 2024 revision, the guideline value increased to Rs 290 per sq.ft, marking an 8% rise from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 8%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Palavedu

In Palavedu, there are 18 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 290 to Rs 1,100 per sq.ft. The median guideline value for these streets is Rs 440 per sq.ft, placing Sri Durgai Amman Nagar's 2024 figure below this median.

• Sri Vga Nagar: Rs 330 per sq.ft (2024)
• S V Nagar: Rs 440 per sq.ft (2024)
• Vikas Nagar: Rs 440 per sq.ft (2024)
• Yohasree Nagar: Rs 440 per sq.ft (2024)
• Palavedu Main Road: Rs 440 per sq.ft (2024)
• Om Saravana Nagar: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Durgai Amman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 290 per sq.ft, the total guideline value amounts to Rs 2,90,000. The stamp duty at 7% would be Rs 20,300, and the registration fee at 2% would be Rs 5,800, bringing the total cost for these fees to Rs 26,100. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Durgai Amman Nagar?

The Sub Registrar Office covering Sri Durgai Amman Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. To find your SRO, you can visit this link.

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

The guideline value is a crucial factor in property transactions in Palavedu, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duties are calculated based on it.

When registering a property, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sri Durgai Amman Nagar?

The current guideline value of Sri Durgai Amman Nagar is Rs 290 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 268 per sq.ft in 2017 to Rs 290 per sq.ft in 2024, marking an 8% increase. There was no change in the value from 2017 to 2023.

What is the land classification for Sri Durgai Amman Nagar?

Sri Durgai Amman Nagar is classified as Residential Class II Type - I. This classification is important for determining the potential uses of the land.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 2,90,000, the stamp duty would be Rs 20,300 and the registration fee would be Rs 5,800, totaling Rs 26,100. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations in Sri Durgai Amman Nagar?

The Avadi Sub Registrar Office handles property registrations for Sri Durgai Amman Nagar. It is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.