Guideline Value for DURGA COLONY 1 TO 4 STREETS

Durga Colony 1 To 4 Streets guideline value

The current guideline value for Durga Colony 1 To 4 Streets is Rs 4,400 per sq.ft, effective from 1 July 2024. This area is located in Zaminpallavaram village and falls under the Pallavaram SRO. The land classification for this street is Commercial Class I Type - III.

How the guideline value of Durga Colony 1 To 4 Streets has changed

Over the years, the guideline value for Durga Colony 1 To 4 Streets has seen several revisions. The 2012 revision set the value at Rs 4,000 per sq.ft, which was then reduced to Rs 2,680 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 4,000 per sq.ft in the 2023 revision, and it has now risen to Rs 4,400 per sq.ft in the 2024 revision. Notably, there are no figures available for this street in the revisions for the years 2002, 2003, and 2007.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. However, the value increased by 49% from 2017 to 2023. Overall, comparing the 2012 revision to the current 2024 figure, there has been a 10% increase.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median value is Rs 3,300 per sq.ft, making the guideline value for Durga Colony 1 To 4 Streets above this median.

• Durga Colony Cross Street: Rs 4,400 per sq.ft (2024)
• Durga Colony (Part): Rs 4,400 per sq.ft (2024)
• Duraipandiyan Street: Rs 3,300 per sq.ft (2024)
• Duraipakkam Pallavaram Link Road (200 Feet Road): Rs 4,400 per sq.ft (2024)
• Duraikannu Road: Rs 3,300 per sq.ft (2024)
• Dr.Solaman Street: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Durga Colony 1 To 4 Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total cost to Rs 3,96,000. It's 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 Durga Colony 1 To 4 Streets?

The Sub Registrar Office that covers Durga Colony 1 To 4 Streets is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Zaminpallavaram. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

During the registration process, the guideline value is used to determine the applicable fees, which are mandatory for legal transfer of property ownership. Buyers and sellers should be aware of these values to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value for Durga Colony 1 To 4 Streets?

The current guideline value for Durga Colony 1 To 4 Streets is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, with the 2012 figure at Rs 4,000 per sq.ft, dropping to Rs 2,680 per sq.ft in 2017, then increasing to Rs 4,000 per sq.ft in 2023, and finally reaching Rs 4,400 per sq.ft in 2024.

What is the land classification for Durga Colony 1 To 4 Streets?

The land classification for Durga Colony 1 To 4 Streets is Commercial Class I Type - III.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Durga Colony 1 To 4 Streets is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is stamp duty calculated for properties in Durga Colony 1 To 4 Streets?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 44,00,000 would incur a stamp duty of Rs 3,08,000 at a rate of 7%.