Guideline Value for Durga Nagar Puzhalendi Street

Durga Nagar Puzhalendi Street guideline value

The current guideline value of Durga Nagar Puzhalendi Street is Rs 2,420 per sq.ft, effective from 1 July 2024. This street is located in Thiruneermalai village, under the Pammal SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Durga Nagar Puzhalendi Street has changed

The guideline value for Durga Nagar Puzhalendi Street has seen several revisions over the years. The 2017 revision set the value at Rs 1,474 per sq.ft, which increased to Rs 2,200 per sq.ft in the 2023 revision, reflecting a significant rise of 49%. The most recent 2024 revision established the current guideline value at 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 years 2002, 2003, 2007, and 2012 in the register 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 is Rs 2,420 per sq.ft, which is equal to the 2024 figure for Durga Nagar Puzhalendi Street.

• Durga Nagar Periyar Street: Rs 2,420 per sq.ft (2024)
• Durga Nagar Thiruvalluvar Street: Rs 2,420 per sq.ft (2024)
• Durga Nagar Thiruvalluvar Street Extn: Rs 2,420 per sq.ft (2024)
• Durga Nagar Vallalar Street: Rs 2,420 per sq.ft (2024)
• Durga Nagar Nehru Street: Rs 2,420 per sq.ft (2024)
• Durga Nagar Vinoba 1st Cross Street: Rs 2,420 per sq.ft (2024)

Stamp duty and registration fee for property in Durga Nagar Puzhalendi 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, and the registration fee at 2% would be Rs 48,400. Together, the total cost for these fees would be Rs 2,17,800. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Durga Nagar Puzhalendi Street?

The Sub Registrar Office that covers Durga Nagar Puzhalendi 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 in the registration process of property transactions in Thiruneermalai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

When a property is bought or sold, the guideline value is assessed to ensure that the appropriate fees are collected. This value helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

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

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

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,474 per sq.ft to Rs 2,420 per sq.ft in 2024, marking an overall increase of 64% across the revisions.

What is the land classification for Durga Nagar Puzhalendi Street?

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

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

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

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 24,20,000 would incur a stamp duty of Rs 1,69,400 at 7%.