Guideline Value for Durga Nagar Thiruvalluvar Street

Durga Nagar Thiruvalluvar Street guideline value

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

Since the 2017 revision, the guideline value for Durga Nagar Thiruvalluvar Street has seen significant changes. In 2017, the value was Rs 1,474 per sq.ft, which increased to Rs 2,200 per sq.ft in 2023, reflecting a rise of 49%. The most recent revision in 2024 set the value at Rs 2,420 per sq.ft, marking a 10% increase from the previous year.

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

Guideline values in Thiruneermalai

In Thiruneermalai, there are a total of 316 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 1,320 to Rs 6,240 per sq.ft. The median value for these streets is Rs 2,420 per sq.ft, which is the same as the guideline value for Durga Nagar Thiruvalluvar Street.

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

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, 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.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Durga Nagar Thiruvalluvar Street?

The Sub Registrar Office that covers Durga Nagar Thiruvalluvar 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 the minimum value for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps establish a baseline price for the transaction. This value is used to determine the applicable taxes, which are essential for the legal transfer of property ownership.

Frequently asked questions

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

The current guideline value of Durga Nagar Thiruvalluvar 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 changed from Rs 1,474 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2023, and then to Rs 2,420 per sq.ft in 2024. This reflects an overall increase of 64% from 2017 to 2024.

Which Sub Registrar Office covers this street?

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

What are the stamp duty and registration fees for property in this area?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 2,17,800.

Are there other streets in Thiruneermalai with the same guideline value?

Yes, there are several other streets in Thiruneermalai that share the same guideline value of Rs 2,420 per sq.ft as Durga Nagar Thiruvalluvar Street, including Durga Nagar Puzhalendi Street and Durga Nagar Periyar Street.