Guideline Value for Dulasingam Street / Samundeswari Nagar

Dulasingam Street / Samundeswari Nagar guideline value

The current guideline value of Dulasingam Street / Samundeswari Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024. This area is located in Pammal village, under the Pammal Sub Registrar Office (SRO), and is classified as Residential Class II Type - II.

How the guideline value of Dulasingam Street / Samundeswari Nagar has changed

The guideline value for Dulasingam Street / Samundeswari Nagar has seen significant changes over the years. In the 2003 revision, the value was Rs 214 per sq.ft, which increased to Rs 360 per sq.ft in 2007, marking a 68% rise. By 2017, the value jumped to Rs 1,206 per sq.ft, reflecting a substantial 235% increase from the previous revision. The 2023 revision recorded a value of Rs 1,800 per sq.ft, which was a 49% increase from 2017. The most recent revision in 2024 set the value at Rs 1,980 per sq.ft, representing a 10% increase from 2023.

It is important to note that the register does not provide figures for the years 2002 and 2012 for this street. Overall, from 2003 to 2024, the guideline value has increased by 825%.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value in this area is Rs 2,090 per sq.ft, placing Dulasingam Street / Samundeswari Nagar's 2024 value below the median.

• Dr. Zaheer Hussian Street / Muthamzhai Nagar: Rs 2,475 per sq.ft (2024)
• Durairaj Street / Gandhi Nagar: Rs 2,475 per sq.ft (2024)
• Dr. Satayavani Muthu Street: Rs 1,760 per sq.ft (2024)
• Duraisingam Street / Samundeswari Nagar: Rs 1,980 per sq.ft (2024)
• Durai Street (A.K.) / Muthamazhi Nagar: Rs 2,475 per sq.ft (2024)
• Duraiswamy Street: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Dulasingam Street / Samundeswari Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, leading to a total of Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dulasingam Street / Samundeswari Nagar?

The Sub Registrar Office that covers Dulasingam Street / Samundeswari Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Pammal. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on an official valuation rather than the sale price alone.

When a property is registered, the guideline value is referenced to determine the applicable fees. Buyers and sellers should be aware that the fees are calculated on the higher of the guideline value or the actual sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Dulasingam Street / Samundeswari Nagar?

The current guideline value of Dulasingam Street / Samundeswari Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased significantly from Rs 214 per sq.ft in 2003 to Rs 1,980 per sq.ft in 2024, marking an overall increase of 825% over the years.

What is the median guideline value in Pammal?

The median guideline value in Pammal is Rs 2,090 per sq.ft, which is higher than the current value of Dulasingam Street / Samundeswari Nagar.

What are the stamp duty and registration fees for a property on this street?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty would be Rs 1,38,600 and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Where is the Sub Registrar Office for Dulasingam Street / Samundeswari Nagar located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.