Guideline Value for SRI DURGAI AMMAN NAGAR

Sri Durgai Amman Nagar guideline value

The current guideline value of Sri Durgai Amman Nagar is Rs 275 per sq.ft, effective from 1 July 2024. This area is located in Nanthiambakkam village, under the Thiruvottiyur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sri Durgai Amman Nagar has changed

The guideline value for Sri Durgai Amman Nagar has seen several revisions over the years. In 2012, the guideline value was Rs 250 per sq.ft. This figure decreased to Rs 167 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 50%, reaching Rs 250 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 275 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Nanthiambakkam

In Nanthiambakkam, there are 85 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 275 to Rs 770 per sq.ft, with a median value of Rs 330 per sq.ft. The guideline value for Sri Durgai Amman Nagar is below this median.

• Sri Balasubramaniyam Nagar: Rs 385 per sq.ft (2024)
• Sri Muthukumaraswamy Nagar: Rs 330 per sq.ft (2024)
• Sri Nagar: Rs 330 per sq.ft (2024)
• S.P. Nagar: Rs 330 per sq.ft (2024)
• Sowparnika Nagar: Rs 330 per sq.ft (2024)
• Sri Padmavathi Devi Nagar: Rs 330 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 275 per sq.ft, the total guideline value would be Rs 2,75,000. The stamp duty at 7% would amount to Rs 19,250, and the registration fee at 2% would be Rs 5,500, bringing the total charges to Rs 24,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Durgai Amman Nagar?

The Sub Registrar Office that covers Sri Durgai Amman Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in Nanthiambakkam. It serves as a reference point for determining the stamp duty and registration fees that must be paid when a property is bought or sold. Both buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value helps to establish a fair basis for the transaction. It is used to calculate the applicable stamp duty and registration fees, ensuring that all legal requirements are met during the property transfer process.

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 275 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2012 to Rs 167 per sq.ft in 2017, then back to Rs 250 per sq.ft in 2023, and finally to Rs 275 per sq.ft in 2024.

What is the land classification for Sri Durgai Amman Nagar?

Sri Durgai Amman Nagar is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for Sri Durgai Amman Nagar?

The Sub Registrar Office for Sri Durgai Amman Nagar is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the stamp duty calculated for properties in Sri Durgai Amman Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 19,250.