Guideline Value for Durgai Amman Koil Street, Thiruvalluvar Nagar

Durgai Amman Koil Street, Thiruvalluvar Nagar guideline value

The current guideline value of Durgai Amman Koil Street, Thiruvalluvar Nagar is Rs 2,475 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal Sub Registrar Office (SRO), and is classified as Residential Class I Type - II.

How the guideline value of Durgai Amman Koil Street, Thiruvalluvar Nagar has changed

Since the 2017 revision, the guideline value for Durgai Amman Koil Street has seen significant changes. In 2017, the value was Rs 1,507 per sq.ft. This increased to Rs 2,250 per sq.ft in 2023, marking a 49% rise. The latest revision in 2024 has set the value at Rs 2,475 per sq.ft, reflecting a 10% increase from the previous year.

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. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with the 2024 guideline values ranging from Rs 880 to Rs 3,300 per sq.ft. The median value for these streets is Rs 2,090 per sq.ft, placing Durgai Amman Koil Street, Thiruvalluvar Nagar above this median.

• Durgaiamman Street / Thiruvalluvar Nagar: Rs 2,475 per sq.ft (2024)
• Durai Velu Street /Muthamazhi Nagar: Rs 2,475 per sq.ft (2024)
• Duraiswamy Street: Rs 1,760 per sq.ft (2024)
• Durai Street (A.K.) /Muthamazhi Nagar: Rs 2,475 per sq.ft (2024)
• Duraisingam Street/ Samundeswari Nagar: Rs 1,980 per sq.ft (2024)
• Duruvan Street /Krishna Nagar: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Durgai Amman Koil Street, Thiruvalluvar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,475 per sq.ft, the total guideline value amounts to Rs 24,75,000. The stamp duty at 7% would be Rs 1,73,250, and the registration fee at 2% would be Rs 49,500, bringing the total cost for these fees to Rs 2,22,750. 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 precise calculations based on your specific property details.

Which Sub Registrar Office covers Durgai Amman Koil Street, Thiruvalluvar Nagar?

The Durgai Amman Koil Street, Thiruvalluvar Nagar is covered by 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 Pammal

The guideline value is a crucial factor when registering a property in Pammal. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives its due revenue from property transactions.

When you buy or sell property in this area, it is essential to refer to the current guideline value to understand your financial obligations. This value helps in determining the total cost involved in the registration process, making it a vital aspect of real estate transactions.

Frequently asked questions

What is the current guideline value of Durgai Amman Koil Street, Thiruvalluvar Nagar?

The current guideline value of Durgai Amman Koil Street, Thiruvalluvar Nagar is Rs 2,475 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,507 per sq.ft to Rs 2,475 per sq.ft in 2024, representing a total increase of 64% over this period.

What is the stamp duty rate for properties in Pammal?

The stamp duty rate for properties in Pammal is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

What are the guideline values for other streets in Pammal?

Other streets in Pammal have varying guideline values. For example, Duruvan Street is valued at Rs 2,530 per sq.ft, while Duraiswamy Street is at Rs 1,760 per sq.ft.