Guideline Value for DURGA COLONY CROSS STREET

Durga Colony Cross Street guideline value

The current guideline value of Durga Colony Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, under the Pallavaram SRO, and is classified as Commercial Class I Type - III.

How the guideline value of Durga Colony Cross Street has changed

The guideline value for Durga Colony Cross Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 4,400 per sq.ft, an increase from Rs 4,000 per sq.ft in the 2023 revision, marking a 10% rise. Prior to that, the 2017 revision recorded a value of Rs 2,680 per sq.ft, which reflects a significant increase of 49% to the 2023 figure. The 2012 revision had a guideline value of Rs 4,000 per sq.ft, which was a decrease of 33% from the 2017 value. Overall, from 2012 to 2024, the guideline value has increased by 10%.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. The 2012, 2017, 2023, and 2024 revisions provide a clearer picture of the changes in the guideline value over time.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, placing Durga Colony Cross Street's 2024 figure above that median.

• Durga Colony (Part): Rs 4,400 per sq.ft (2024)
• Durga Colony 1 To 4 Streets: 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)
• Durga Road (Part): Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Durga Colony Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total cost for these fees to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Durga Colony Cross Street?

The Sub Registrar Office covering Durga Colony Cross Street 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 information.

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

The guideline value is a crucial factor in the registration process of property transactions in Zaminpallavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the fair valuation of the property. It is essential for buyers to be aware of the guideline value to ensure they are not overpaying and for sellers to set a realistic price for their property based on the current rates.

Frequently asked questions

What is the current guideline value of Durga Colony Cross Street?

The current guideline value of Durga Colony Cross Street 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 from Rs 4,000 per sq.ft in 2023 to Rs 4,400 per sq.ft in 2024, which is a 10% increase. It was Rs 2,680 per sq.ft in 2017 and Rs 4,000 per sq.ft in 2012, showing various fluctuations over the years.

What is the land classification for Durga Colony Cross Street?

Durga Colony Cross Street is classified as Commercial Class I Type - III, which indicates its suitability for commercial activities.

Where can I find more information about stamp duty and registration fees?

You can find more information about stamp duty and registration fees by using the stamp duty and registration fee calculator.

Which office handles registrations for Durga Colony Cross Street?

The Pallavaram Sub Registrar Office handles registrations for Durga Colony Cross Street, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.