Guideline Value for Durga Nagar Kabilar Street

Durga Nagar Kabilar Street guideline value

The current guideline value of Durga Nagar Kabilar 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 Kabilar Street has changed

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

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, the guideline value has increased by 64% from the 2017 revision to the current 2024 value.

Guideline values in Thiruneermalai

In Thiruneermalai village, 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 guideline value is Rs 2,420 per sq.ft, which is equal to the current guideline value for Durga Nagar Kabilar Street.

• Durga Nagar Gandhi Street: Rs 2,420 per sq.ft (2024)
• Durga Nagar Kamaraj Street: Rs 2,420 per sq.ft (2024)
• Durga Nagar Dhagur Street: Rs 2,420 per sq.ft (2024)
• Durga Nagar Kambar Street: Rs 2,420 per sq.ft (2024)
• Durga Nagar Bhavaniamman Street: Rs 2,420 per sq.ft (2024)
• Durga Nagar Karikalan Street: Rs 2,420 per sq.ft (2024)

Stamp duty and registration fee for property in Durga Nagar Kabilar 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 charges to Rs 2,17,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your stamp duty and registration fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Durga Nagar Kabilar Street?

The Sub Registrar Office that covers Durga Nagar Kabilar 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 important factor when buying or selling property in Thiruneermalai. It serves as a benchmark for determining the stamp duty and registration fees applicable during the registration process. Buyers and sellers must be aware of this value to ensure compliance with legal and financial obligations.

When a property is registered, the guideline value is used to calculate the stamp duty, which is a percentage of the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Durga Nagar Kabilar Street?

The current guideline value for Durga Nagar Kabilar 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, reflecting an overall increase of 64% over this period.

What are the stamp duty and registration fees for property in Durga Nagar Kabilar Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 24,20,000. The stamp duty is Rs 1,69,400, and the registration fee is Rs 48,400, totaling Rs 2,17,800.

Which Sub Registrar Office covers this area?

The Pammal Sub Registrar Office covers Durga Nagar Kabilar Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Durga Nagar Kabilar Street?

Durga Nagar Kabilar Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.