Guideline Value for Durga Nagar Periyar Street

Durga Nagar Periyar Street guideline value

The current guideline value of Durga Nagar Periyar Street is Rs 2,420 per sq.ft. 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 Periyar Street has changed

The guideline value for Durga Nagar Periyar 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 of 10% from the 2023 revision of Rs 2,200 per sq.ft. Prior to that, in 2017, the value was Rs 1,474 per sq.ft, marking a significant increase of 49% to the 2023 figure.

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

Guideline values in Thiruneermalai

In Thiruneermalai, 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 value is Rs 2,420 per sq.ft, which is equal to the guideline value of Durga Nagar Periyar Street.

• Durga Nagar Puzhalendi Street: Rs 2,420 per sq.ft (2024)
• Durga Nagar Thiruvalluvar Street: Rs 2,420 per sq.ft (2024)
• Durga Nagar Nehru Street: Rs 2,420 per sq.ft (2024)
• Durga Nagar Thiruvalluvar Street Extn: Rs 2,420 per sq.ft (2024)
• Durga Nagar Main Road: Rs 2,420 per sq.ft (2024)
• Durga Nagar Vallalar Street: Rs 2,420 per sq.ft (2024)

Stamp duty and registration fee for property in Durga Nagar Periyar 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, bringing the total fees together 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 more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Durga Nagar Periyar Street?

The Sub Registrar Office that covers Durga Nagar Periyar 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 a crucial factor in property transactions in Thiruneermalai. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must be aware of this value to ensure compliance with registration norms.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue based on the established guideline values.

Frequently asked questions

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

The current guideline value of Durga Nagar Periyar 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 seen an increase from Rs 1,474 per sq.ft in 2017 to Rs 2,420 per sq.ft in 2024, representing an overall increase of 64% over these years.

What are the stamp duty rates for properties in this area?

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

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

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

What is the significance of the guideline value in property transactions?

The guideline value is essential in property transactions as it determines the minimum registration value and helps calculate applicable stamp duty and registration fees during the sale or purchase of a property.