Guideline Value for Duraiamman Koil Street

Duraiamman Koil Street guideline value

The current guideline value of Duraiamman Koil Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Thiruneermalai village, under the Pammal SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Duraiamman Koil Street has changed

The guideline value for Duraiamman Koil Street has seen several revisions over the years. The oldest available figure is from the 2017 revision, which was Rs 1,340 per sq.ft. This was followed by the 2023 revision at Rs 2,000 per sq.ft, marking a significant increase of 49%. The most recent 2024 revision set the guideline value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruneermalai

In Thiruneermalai, there are 316 streets under the Pammal SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 6,240 per sq.ft. The median guideline value for these streets is Rs 2,420 per sq.ft, placing Duraiamman Koil Street's 2024 figure below that median.

• Dr.Soundarammal Street: Rs 2,420 per sq.ft (2024)
• Dr.Solman Colony: Rs 2,420 per sq.ft (2024)
• Durgai Amman Street: Rs 2,200 per sq.ft (2024)
• Durga Nagar: Rs 2,420 per sq.ft (2024)
• Durga Nagar Agathiyar Street: Rs 2,420 per sq.ft (2024)
• Durga Nagar Ambedkar Street: Rs 2,420 per sq.ft (2024)

Stamp duty and registration fee for property in Duraiamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is 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 Duraiamman Koil Street?

The Sub Registrar Office that covers Duraiamman Koil Street 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 Thiruneermalai

The guideline value is a crucial factor in the registration process when buying or selling property in Thiruneermalai. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When you register a property, the guideline value serves as a baseline for calculating these fees, ensuring that both the buyer and seller are aware of the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Duraiamman Koil Street?

The current guideline value of Duraiamman Koil Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 64% over these years.

What are the other streets in Thiruneermalai with their guideline values?

Other streets in Thiruneermalai include Dr.Soundarammal Street and Dr.Solman Colony, both at Rs 2,420 per sq.ft, while Duraiamman Koil Street is currently at Rs 2,200 per sq.ft.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,98,000.

Where can I find my Sub Registrar Office?

The Sub Registrar Office for Duraiamman Koil Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. You can find more information by visiting the link provided.