Guideline Value for SRI SASTHAPATHI DURAISAMY NAGAR

Sri Sasthapathi Duraisamy Nagar guideline value

The current guideline value of Sri Sasthapathi Duraisamy Nagar is Rs 2,950 per sq.ft, effective from 1 July 2024. This locality is situated in Vengaivasal village, under the Selaiyur SRO, and is classified as Industries Type - I.

How the guideline value of Sri Sasthapathi Duraisamy Nagar has changed

The guideline value for Sri Sasthapathi Duraisamy Nagar has undergone several revisions over the years. In 2012, the guideline value was Rs 2,750 per sq.ft, which then decreased to Rs 1,842 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,750 per sq.ft in 2023 and further rose to Rs 2,950 per sq.ft in 2024. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the guideline value saw a substantial increase of 49%. The overall change from 2012 to 2024 reflects a modest increase of 7%.

Guideline values in Vengaivasal

In Vengaivasal, there are 117 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 850 to Rs 4,800 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value for Sri Sasthapathi Duraisamy Nagar is above this median.

• Sri Sastha Nagar: Rs 2,400 per sq.ft (2024)
• Sri Sastha Avenue: Rs 2,400 per sq.ft (2024)
• Sri Visalakshi Nagar: Rs 3,300 per sq.ft (2024)
• Sri Visalakshi Street: Rs 2,200 per sq.ft (2024)
• Sri Visalatchi Nagar East: Rs 3,200 per sq.ft (2024)
• Sri Raman Nagar: Rs 3,700 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Sasthapathi Duraisamy Nagar

For a 1,000 sq.ft plot at the current rate of Rs 2,950 per sq.ft, the guideline value amounts to Rs 29,50,000. The stamp duty at 7% would be Rs 2,06,500, and the registration fee at 2% would be Rs 59,000, bringing the total cost together to Rs 2,65,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Sasthapathi Duraisamy Nagar?

The Sub Registrar Office that covers Sri Sasthapathi Duraisamy Nagar 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 online.

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

The guideline value is a crucial factor when buying or selling property in Vengaivasal. It serves as a benchmark for determining the stamp duty and registration fees applicable during the property transaction process. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. This process ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property as determined by the guideline value register.

Frequently asked questions

What is the current guideline value of Sri Sasthapathi Duraisamy Nagar?

The current guideline value of Sri Sasthapathi Duraisamy Nagar is Rs 2,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,750 per sq.ft in 2012 to Rs 1,842 per sq.ft in 2017, then increased to Rs 2,750 per sq.ft in 2023, and currently stands at Rs 2,950 per sq.ft in 2024.

What is the land classification of Sri Sasthapathi Duraisamy Nagar?

Sri Sasthapathi Duraisamy Nagar is classified as Industries Type - I. This classification can affect the types of developments allowed in the area.

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

For a property valued at Rs 29,50,000, the stamp duty would be Rs 2,06,500, and the registration fee would be Rs 59,000, totaling Rs 2,65,500. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Sri Sasthapathi Duraisamy Nagar located?

The Sub Registrar Office for Sri Sasthapathi Duraisamy Nagar is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone.