Guideline Value for Duraimani Salai

Duraimani Salai guideline value

The current guideline value of Duraimani Salai is Rs 825 per sq.ft, effective from 1 July 2024. This street is located in Kavulbazaar village under the Pammal Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - I.

How the guideline value of Duraimani Salai has changed

The guideline value of Duraimani Salai has seen several revisions over the years. The 2017 revision set the value at Rs 502 per sq.ft, which increased to Rs 750 per sq.ft in the 2023 revision. The most recent revision in 2024 raised the value further to Rs 825 per sq.ft, marking 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 Duraimani Salai. The significant changes from the 2017 to 2023 revision reflect a 49% increase, indicating a steady rise in the guideline value over the years.

Guideline values in Kavulbazaar

In Kavulbazaar, there are 44 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 825 to Rs 4,500 per sq.ft. The median value is Rs 825 per sq.ft, and Duraimani Salai's 2024 figure aligns with this median.

• Delhi Babu Street: Rs 825 per sq.ft (2024)
• Gandhi Salai: Rs 825 per sq.ft (2024)
• Gandhi Street: Rs 825 per sq.ft (2024)
• Garugambakkam Salai: Rs 825 per sq.ft (2024)
• Bhavani Nagar: Rs 825 per sq.ft (2024)
• Bajanai Koil Street (5): Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Duraimani Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value would be Rs 8,25,000. The stamp duty at 7% would amount to Rs 57,750, and the registration fee at 2% would be Rs 16,500, bringing the total fees together to Rs 74,250. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Duraimani Salai?

The Duraimani Salai is covered by 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 information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kavulbazaar. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is considered alongside the sale price, with the higher amount being used to calculate the necessary fees. This ensures that the registration process is standardized and transparent.

Frequently asked questions

What is the current guideline value of Duraimani Salai?

The current guideline value of Duraimani Salai is Rs 825 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 502 per sq.ft to Rs 825 per sq.ft in 2024, marking an overall increase of 64%.

What is the stamp duty rate for property in Duraimani Salai?

The stamp duty rate for property in Duraimani Salai is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Pammal Sub Registrar Office?

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

How is the guideline value used in property transactions?

The guideline value is used to determine the applicable stamp duty and registration fees during property transactions. It is compared with the sale price, and the higher value is used for fee calculations.