Guideline Value for Durga Nagar Thiruvalluvar Street Extn

Durga Nagar Thiruvalluvar Street Extn guideline value

The current guideline value of Durga Nagar Thiruvalluvar Street Extn 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 Thiruvalluvar Street Extn has changed

The guideline value for Durga Nagar Thiruvalluvar Street Extn has seen several revisions over the years. The most recent revision, effective from 1 July 2024, sets the value at Rs 2,420 per sq.ft, an increase from the previous figure of Rs 2,200 per sq.ft in 2023, marking a change of +10%. Prior to that, in 2017, the guideline value was Rs 1,474 per sq.ft, which means there has been a significant increase of +49% from 2017 to 2023 and an overall increase of +64% from 2017 to 2024.

The register has no figures for the years 2002, 2003, 2007, and 2012 for this street. This lack of data indicates that the guideline value was not recorded for these years, and thus the changes between those periods cannot be specified.

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

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

Stamp duty and registration fee for property in Durga Nagar Thiruvalluvar Street Extn

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, making the total charges 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.

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

Which Sub Registrar Office covers Durga Nagar Thiruvalluvar Street Extn?

The Sub Registrar Office that covers Durga Nagar Thiruvalluvar Street Extn 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 in the property registration process in Thiruneermalai. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these charges are calculated based on the official valuation rather than the sale price.

Frequently asked questions

What is the current guideline value of Durga Nagar Thiruvalluvar Street Extn?

The current guideline value of Durga Nagar Thiruvalluvar Street Extn 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, representing an overall increase of +64%. The value was Rs 2,200 per sq.ft in 2023, showing a +10% increase from that year.

What are the other streets in Thiruneermalai with the same guideline value?

Other streets in Thiruneermalai that share the same guideline value of Rs 2,420 per sq.ft include Durga Nagar Vallalar Street, Durga Nagar Puzhalendi Street, Durga Nagar Vinoba 1st Cross Street, Durga Nagar Periyar Street, and Durga Nagar Vinoba 2nd Cross Street.

What is the registration fee for properties in this area?

The registration fee for properties in Durga Nagar Thiruvalluvar Street Extn is calculated at 2% of the guideline value. For example, for a plot valued at Rs 24,20,000, the registration fee would be Rs 48,400.

Where can I find more information about the Sub Registrar Office?

The Pammal Sub Registrar Office covers Durga Nagar Thiruvalluvar Street Extn. For more details, you can visit the official website to find your SRO.