Guideline Value for Duraipandiyan Street

Duraipandiyan Street guideline value

The current guideline value of Duraipandiyan Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, under the Pallavaram SRO, and is classified as Residential Class I Type - II.

How the guideline value of Duraipandiyan Street has changed

The guideline value for Duraipandiyan Street has seen significant changes over the years. In 2003, the value was Rs 303 per sq.ft, which increased to Rs 600 per sq.ft in 2007. The value then rose dramatically to Rs 3,000 per sq.ft in 2012, a 400% increase from the previous revision. However, it dropped to Rs 2,010 per sq.ft in 2017, marking a decrease of 33%. The value then increased to Rs 3,000 per sq.ft in 2023, followed by a further increase to the current Rs 3,300 per sq.ft in 2024, which is a 10% rise from 2023.

It is important to note that the register has no figure for Duraipandiyan Street for the year 2002. Overall, from 2003 to 2024, the guideline value has increased by 989%.

Guideline values in Zaminpallavaram

Zaminpallavaram village has a total of 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, which matches the current value of Duraipandiyan Street.

• Duraipakkam Pallavaram Link Road (200 Feet Road): Rs 4,400 per sq.ft (2024)
• Duraikannu Road: 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 Duraipandiyan Street

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, leading to a total of Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Duraipandiyan Street?

Duraipandiyan Street falls under the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during property transactions in Zaminpallavaram. It serves as the minimum value for registering property transactions, ensuring that the property is not sold below this value.

When buying or selling property, the guideline value helps determine the stamp duty and registration fees applicable. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Duraipandiyan Street?

The current guideline value of Duraipandiyan Street 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 303 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 989% over the years.

What is the median guideline value for streets in Zaminpallavaram?

The median guideline value for streets in Zaminpallavaram is Rs 3,300 per sq.ft, which is the same as the current value for Duraipandiyan Street.

What are the stamp duty and registration fees for a property on Duraipandiyan Street?

For a property of 1,000 sq.ft on Duraipandiyan Street, the total stamp duty would be Rs 2,31,000, and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Where is the Sub Registrar Office for Duraipandiyan Street located?

The Sub Registrar Office covering Duraipandiyan Street is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.