Guideline Value for Durga Nagar Ambedkar Street

Durga Nagar Ambedkar Street guideline value

The current guideline value of Durga Nagar Ambedkar Street is Rs 2,420 per sq.ft, effective from 1 July 2024. This street is located in Thiruneermalai village under the Pammal SRO, classified as Residential Class I Type - I.

How the guideline value of Durga Nagar Ambedkar Street has changed

The guideline value for Durga Nagar Ambedkar Street has undergone several revisions since 2017. The 2017 revision set the guideline value at Rs 1,474 per sq.ft, which increased to Rs 2,200 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 has further increased the value to Rs 2,420 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the current 2024 figure, there has been a total increase of 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruneermalai

In Thiruneermalai, there are 316 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 6,240 per sq.ft. The median value for these streets is Rs 2,420 per sq.ft, which is the same as the guideline value for Durga Nagar Ambedkar Street.

• Durga Nagar Agathiyar Street: Rs 2,420 per sq.ft (2024)
• Durga Nagar Annai Theresa Street: Rs 2,420 per sq.ft (2024)
• Durga Nagar Avvaiyar Street: Rs 2,420 per sq.ft (2024)
• Durga Nagar Bharathidhasan 1st Cross Street: Rs 2,420 per sq.ft (2024)
• Durga Nagar Bharathidhasan 2nd Cross Street: Rs 2,420 per sq.ft (2024)
• Durga Nagar Bharathi Street: Rs 2,420 per sq.ft (2024)

Stamp duty and registration fee for property in Durga Nagar Ambedkar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,420 per sq.ft, the total guideline value would be Rs 24,20,000. The stamp duty at 7% would amount to Rs 1,69,400, and the registration fee at 2% would be Rs 48,400, bringing the total to Rs 2,17,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Durga Nagar Ambedkar Street?

The Sub Registrar Office that covers Durga Nagar Ambedkar Street is 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 Thiruneermalai

The guideline value is an essential factor when registering properties in Thiruneermalai. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

When buying or selling property, the guideline value helps determine the minimum value at which the property can be registered. This ensures transparency and compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Durga Nagar Ambedkar Street?

The current guideline value of Durga Nagar Ambedkar Street is Rs 2,420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,474 per sq.ft in 2017 to Rs 2,420 per sq.ft in 2024, which is a total increase of 64% over these years.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 24,20,000, the stamp duty would be Rs 1,69,400, and the registration fee would be Rs 48,400, totaling Rs 2,17,800.

Which office handles the registration of properties in Durga Nagar Ambedkar Street?

The Pammal Sub Registrar Office handles the registration of properties in Durga Nagar Ambedkar Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the significance of the guideline value when buying property?

The guideline value is used to calculate the stamp duty and registration fees during property transactions, ensuring that the property is registered at a fair and transparent value.