Guideline Value for Duraikannu Road

Duraikannu Road guideline value

The current guideline value of Duraikannu Road in Zaminpallavaram village is Rs 3,300 per sq.ft, effective from the 2024 revision. This area falls under the Pallavaram SRO and is classified as Residential Class I Type - II.

How the guideline value of Duraikannu Road has changed

The guideline value for Duraikannu Road has seen significant changes over the years. In 2003, the value was Rs 136 per sq.ft, which increased to Rs 600 per sq.ft by 2007. The value then jumped to Rs 3,000 per sq.ft in 2012, but saw a decrease to Rs 2,010 per sq.ft by 2017. The subsequent revision in 2023 raised the value to Rs 3,000 per sq.ft, and the latest revision in 2024 has set it at Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 2326%. Notably, the register has no figure for Duraikannu Road in 2002.

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, which aligns with the current guideline value of Duraikannu Road.

• Duraipakkam Pallavaram Link Road (200 Feet Road): Rs 4,400 per sq.ft (2024)
• Duraipandiyan Street: Rs 3,300 per sq.ft (2024)
• Dr.Solaman Street: Rs 3,520 per sq.ft (2024)
• Durga Colony 1 To 4 Streets: Rs 4,400 per sq.ft (2024)
• Durga Colony Cross Street: Rs 4,400 per sq.ft (2024)
• Durga Colony (Part): Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Duraikannu Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Duraikannu Road?

The Sub Registrar Office that covers Duraikannu Road 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 an essential factor during the registration of property transactions in Zaminpallavaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property, ensuring that these charges reflect the current market conditions.

When buying or selling property, the guideline value helps in establishing a fair transaction value for the property being registered. It is crucial for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Duraikannu Road?

The current guideline value of Duraikannu Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 136 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 2326% over the years.

What is the land classification for Duraikannu Road?

Duraikannu Road is classified as Residential Class I Type - II, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Duraikannu Road?

The Sub Registrar Office for Duraikannu Road is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is the stamp duty calculated for properties in Duraikannu Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 at a rate of 7%.