Guideline Value for Durga Nagar Kambar Street

Durga Nagar Kambar Street guideline value

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

Over the years, the guideline value for Durga Nagar Kambar Street has seen significant changes. The 2017 revision recorded a value of Rs 1,474 per sq.ft, which increased to Rs 2,200 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has set the value at Rs 2,420 per sq.ft, reflecting a 10% increase from the previous year.

Examining the overall trend, the guideline value has increased by 64% from the 2017 figure to the current 2024 value. 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 have a 2024 guideline value ranging from Rs 1,320 to Rs 6,240 per sq.ft. The median value is Rs 2,420 per sq.ft, which is the same as the guideline value for Durga Nagar Kambar Street.

• Durga Nagar Kamaraj Street: Rs 2,420 per sq.ft (2024)
• Durga Nagar Karikalan Street: Rs 2,420 per sq.ft (2024)
• Durga Nagar Kabilar Street: Rs 2,420 per sq.ft (2024)
• Durga Nagar Kattabomman Street: Rs 2,420 per sq.ft (2024)
• Durga Nagar Gandhi Street: Rs 2,420 per sq.ft (2024)
• Durga Nagar Main Road: Rs 2,420 per sq.ft (2024)

Stamp duty and registration fee for property in Durga Nagar Kambar 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, while the registration fee at 2% would be Rs 48,400, bringing the total cost for these fees 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.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Durga Nagar Kambar Street?

The Sub Registrar Office that covers Durga Nagar Kambar 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 a crucial factor when registering property transactions in Thiruneermalai. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased, ensuring that the registration process is transparent and fair.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees, which are essential components of the overall transaction costs. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

Frequently asked questions

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

The current guideline value of Durga Nagar Kambar 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, marking an overall increase of 64% during this period.

What is the median guideline value for streets in Thiruneermalai?

The median guideline value for streets in Thiruneermalai is Rs 2,420 per sq.ft, which is the same as the guideline value for Durga Nagar Kambar Street.

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

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 property registrations for Durga Nagar Kambar Street?

The Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, handles property registrations for Durga Nagar Kambar Street.