Guideline Value for Duraiswamy Street

Duraiswamy Street guideline value

The current guideline value of Duraiswamy Street in Pammal village is Rs 1,760 per sq.ft, effective from 1 July 2024. This street falls under the Pammal Sub Registrar Office (SRO) and is classified as Residential Class III Type - II.

How the guideline value of Duraiswamy Street has changed

The guideline value for Duraiswamy Street has seen significant changes over the years. In 2002, the value was Rs 161 per sq.ft, which increased to Rs 182 per sq.ft in 2003, marking a 13% rise. The value further increased to Rs 260 per sq.ft in 2007, reflecting a 43% change. By 2017, the guideline value reached Rs 1,072 per sq.ft, a substantial increase of 312%. The 2023 revision set the value at Rs 1,600 per sq.ft, a 49% increase from the previous revision. The current 2024 revision shows a further increase to Rs 1,760 per sq.ft, which is a 10% rise from 2023.

It is important to note that there is no figure available for the 2012 revision for Duraiswamy Street. Overall, from 2002 to 2024, the guideline value has increased by 993%.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft, with a median value of Rs 2,090 per sq.ft. Duraiswamy Street's current guideline value is below this median.

• Durai Velu Street /Muthamazhi Nagar: Rs 2,475 per sq.ft (2024)
• Durai Street (A.K.) /Muthamazhi Nagar: Rs 2,475 per sq.ft (2024)
• Duraisingam Street/ Samundeswari Nagar: Rs 1,980 per sq.ft (2024)
• Durairaj Street /Gandhi Nagar: Rs 2,475 per sq.ft (2024)
• Durgai Amman Koil Street, Thiruvalluvar Nagar: Rs 2,475 per sq.ft (2024)
• Dulasingam Street / Samundeswari Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Duraiswamy Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, while the registration fee at 2% would be Rs 35,200, making the total fees Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Duraiswamy Street?

Duraiswamy Street 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 details.

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

The guideline value is a crucial factor in the registration process of property transactions in Pammal. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Duraiswamy Street?

The current guideline value of Duraiswamy Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 161 per sq.ft in 2002 to Rs 1,760 per sq.ft in 2024, representing an overall increase of 993% over the years.

What is the median guideline value in Pammal?

The median guideline value for streets in Pammal is Rs 2,090 per sq.ft, which is higher than the current value of Duraiswamy Street.

What are the stamp duty and registration fees for property in Duraiswamy Street?

For a 1,000 sq.ft property at the guideline value of Rs 1,760 per sq.ft, the total fees would be Rs 1,58,400, which includes stamp duty and registration fees calculated based on the guideline value.

Which office handles the registration for Duraiswamy Street?

The Pammal Sub Registrar Office handles the registration for Duraiswamy Street and is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.