Guideline Value for Durga Nagar Karikalan Street

Durga Nagar Karikalan Street guideline value

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

How the guideline value of Durga Nagar Karikalan Street has changed

Over the years, the guideline value of Durga Nagar Karikalan Street has seen significant changes. The 2017 revision recorded a guideline value of Rs 1,474 per sq.ft, which increased to Rs 2,200 per sq.ft in the 2023 revision. This represents a substantial increase of 49% over the six-year period. The most recent 2024 revision has further raised the guideline value to Rs 2,420 per sq.ft, marking a 10% increase from the previous year.

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

Guideline values in Thiruneermalai

In Thiruneermalai, there are a total of 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 for these streets is Rs 2,420 per sq.ft, which is the same as the current value for Durga Nagar Karikalan Street.

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

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

For a 1,000 sq.ft plot at the current guideline value, the total 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 cost for these fees to Rs 2,17,800. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Durga Nagar Karikalan Street?

The Sub Registrar Office that covers Durga Nagar Karikalan 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 plays a crucial role in the registration process of property transactions in Thiruneermalai. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that both parties adhere to the legal requirements set by the Registration Department.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the overall cost of property transactions. Understanding this value helps in making informed decisions during the buying or selling process.

Frequently asked questions

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

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

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 1,474 per sq.ft to Rs 2,420 per sq.ft, which is a total increase of 64% over this period.

What are the stamp duty rates for properties in Durga Nagar Karikalan Street?

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

Where is the Sub Registrar Office for Durga Nagar Karikalan Street located?

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

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 current guideline value for Durga Nagar Karikalan Street.