Guideline Value for Durga Nagar Bhavaniamman Street

Durga Nagar Bhavaniamman Street guideline value

The current guideline value of Durga Nagar Bhavaniamman Street is Rs 2,420 per sq.ft. This street is located in Thiruneermalai village and falls under the Pammal SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Durga Nagar Bhavaniamman Street has changed

The guideline value for Durga Nagar Bhavaniamman Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 2,420 per sq.ft, an increase from Rs 2,200 per sq.ft in 2023, marking a 10% rise. Prior to that, the 2017 revision recorded a value of Rs 1,474 per sq.ft, reflecting a significant increase of 49% from 2017 to 2023. Overall, from 2017 to 2024, the guideline value has increased by 64%.

It is important to note that there are no recorded figures for this street in the revisions of 2002, 2003, 2007, and 2012.

Guideline values in Thiruneermalai

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

• Durga Nagar Bharathi Street: Rs 2,420 per sq.ft (2024)
• Durga Nagar Dhagur Street: Rs 2,420 per sq.ft (2024)
• Durga Nagar Bharathidhasan 2nd Cross Street: Rs 2,420 per sq.ft (2024)
• Durga Nagar Gandhi Street: Rs 2,420 per sq.ft (2024)
• Durga Nagar Bharathidhasan 1st Cross Street: Rs 2,420 per sq.ft (2024)
• Durga Nagar Kabilar Street: Rs 2,420 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,420 per sq.ft, the total guideline value amounts to Rs 24,20,000. The stamp duty at 7% would be Rs 1,69,400, and the registration fee at 2% would be Rs 48,400, bringing the total fees together to Rs 2,17,800. It is important to note that 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 information.

Which Sub Registrar Office covers Durga Nagar Bhavaniamman Street?

The Sub Registrar Office that covers Durga Nagar Bhavaniamman Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is used as a benchmark for determining the minimum value of properties during registration. It plays a crucial role in calculating the stamp duty and registration fees that buyers need to pay when purchasing property in Thiruneermalai.

When a property is sold, the sale price must be at least equal to the guideline value to ensure compliance with registration norms. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Durga Nagar Bhavaniamman Street is Rs 2,420 per sq.ft as per the 2024 revision.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 64%, from Rs 1,474 per sq.ft to Rs 2,420 per sq.ft in 2024.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Durga Nagar Bhavaniamman Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering Durga Nagar Bhavaniamman Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What are other streets with the same guideline value in Thiruneermalai?

Other streets in Thiruneermalai with the same guideline value of Rs 2,420 per sq.ft include Durga Nagar Bharathi Street, Durga Nagar Dhagur Street, Durga Nagar Bharathidhasan 2nd Cross Street, Durga Nagar Gandhi Street, Durga Nagar Bharathidhasan 1st Cross Street, and Durga Nagar Kabilar Street.