Guideline Value

Corporate

Guideline Value for Durakaiyamman Salai

₹2200/sq.ft.

The guideline value for Durakaiyamman Salai in Kovilambakkam village (Pallavaram SRO, Chengalpattu zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Kovilambakkam

Village

Pallavaram

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹91 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044
044-22413425
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Durakaiyamman Salai

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Durakaiyamman Salai guideline value

The current guideline value of Durakaiyamman Salai is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Kovilambakkam village, under the Pallavaram SRO, and is classified as Residential Class I Type - III.

How the guideline value of Durakaiyamman Salai has changed

The guideline value for Durakaiyamman Salai has seen significant changes over the years. In the 2003 revision, the value was Rs 91 per sq.ft. This increased to Rs 500 per sq.ft in 2007, marking a substantial rise of 449%. The value then jumped to Rs 2,000 per sq.ft in 2012, reflecting a 300% increase. However, it decreased to Rs 1,340 per sq.ft in the 2017 revision, a decline of 33%. The value rose again to Rs 2,000 per sq.ft in 2023, and the latest revision in 2024 has set the guideline value at Rs 2,200 per sq.ft, a 10% increase from the previous year.

Overall, from the 2003 revision to the current 2024 figure, the guideline value has increased by 2,318%. The register has no figure for the year 2002 for this street.

Guideline values in Kovilambakkam

Kovilambakkam village has 61 streets under the Pallavaram SRO, with the 2024 guideline values ranging from Rs 1,320 to Rs 5,610 per sq.ft. The median value is Rs 2,750 per sq.ft, indicating that the guideline value of Durakaiyamman Salai is below this median.

Stamp duty and registration fee for property in Durakaiyamman Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total cost 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.

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

Which Sub Registrar Office covers Durakaiyamman Salai?

The Sub Registrar Office that covers Durakaiyamman Salai is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

For more information, you can find your SRO.

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

The guideline value is an essential factor when buying or selling property in Kovilambakkam. It serves as a benchmark for determining the sale price and is used to calculate stamp duty and registration fees during the registration process.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Durakaiyamman Salai?

The current guideline value of Durakaiyamman Salai 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 changed significantly, from Rs 91 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024. Notable changes include a 449% increase from 2003 to 2007 and a 300% increase from 2007 to 2012.

What is the median guideline value in Kovilambakkam?

The median guideline value in Kovilambakkam is Rs 2,750 per sq.ft as of 2024. Durakaiyamman Salai's current value is below this median.

What are the stamp duty and registration fees for properties in Durakaiyamman Salai?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000. These fees are calculated based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Durakaiyamman Salai located?

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