Guideline Value for Durga Nagar Kattabomman Street

Durga Nagar Kattabomman Street guideline value

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

How the guideline value of Durga Nagar Kattabomman Street has changed

The guideline value for Durga Nagar Kattabomman Street has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 2,420 per sq.ft, an increase of 10% from the 2023 revision, which was Rs 2,200 per sq.ft. Prior to that, in 2017, the guideline value was Rs 1,474 per sq.ft, marking a significant increase of 49% when compared to the 2023 figure.

Overall, from the 2017 revision to the current 2024 revision, the guideline value has increased by 64%. It is important to note that the register does not have figures for the revisions in 2002, 2003, 2007, and 2012 for this street.

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 for these streets is Rs 2,420 per sq.ft, which is the same as the current value for Durga Nagar Kattabomman Street.

• Durga Nagar Karikalan Street: Rs 2,420 per sq.ft (2024)
• Durga Nagar Main Road: Rs 2,420 per sq.ft (2024)
• Durga Nagar Kambar Street: Rs 2,420 per sq.ft (2024)
• Durga Nagar Nehru Street: Rs 2,420 per sq.ft (2024)
• Durga Nagar Kamaraj 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 Kattabomman 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, while the registration fee at 2% would be Rs 48,400, making the total fees together 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 also use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Durga Nagar Kattabomman Street?

The Sub Registrar Office that covers Durga Nagar Kattabomman 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 information.

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

The guideline value is a crucial factor during the registration of property transactions in Thiruneermalai. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government collects appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps in assessing the transaction price, as it is used to calculate the applicable duties and fees. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

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

The current guideline value of Durga Nagar Kattabomman 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%, rising from Rs 1,474 per sq.ft to the current Rs 2,420 per sq.ft in 2024.

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 value for Durga Nagar Kattabomman Street.

What are the stamp duty rates for property transactions?

The stamp duty rate for property transactions is 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2%.

Where can I find the Sub Registrar Office for Durga Nagar Kattabomman Street?

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