Guideline Value for Durgai Amman Street

Durgai Amman Street guideline value

The current guideline value of Durgai Amman Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Thiruneermalai village under the Pammal Sub Registrar Office (SRO) and is classified as Residential Class I Type - II.

How the guideline value of Durgai Amman Street has changed

The guideline value for Durgai Amman Street has undergone several revisions over the years. In 2003, the guideline value was Rs 312 per sq.ft. This increased to Rs 810 per sq.ft in 2007, marking a significant rise of 160%. The value continued to rise, reaching Rs 1,340 per sq.ft in 2017, which was an increase of 65% from the previous revision. By 2023, the guideline value further increased to Rs 2,000 per sq.ft, reflecting a 49% rise from 2017.

The most recent revision in 2024 set the guideline value at Rs 2,200 per sq.ft, which is a 10% increase from the 2023 figure. It is important to note that there are no figures available for the years 2002 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 for these streets is Rs 2,420 per sq.ft, indicating that Durgai Amman Street's 2024 figure is below this median.

• Durga Nagar: Rs 2,420 per sq.ft (2024)
• Durga Nagar Agathiyar Street: Rs 2,420 per sq.ft (2024)
• Durga Nagar Ambedkar Street: Rs 2,420 per sq.ft (2024)
• Durga Nagar Annai Theresa Street: Rs 2,420 per sq.ft (2024)
• Durga Nagar Avvaiyar Street: Rs 2,420 per sq.ft (2024)
• Durga Nagar Bharathidhasan 1st Cross Street: Rs 2,420 per sq.ft (2024)

Stamp duty and registration fee for property in Durgai Amman Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000. Together, the total cost for these fees would be Rs 1,98,000. 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 Durgai Amman Street?

The Sub Registrar Office that covers Durgai Amman 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 details.

How the guideline value is used when you buy or sell in Thiruneermalai

The guideline value serves as a benchmark for property transactions in Thiruneermalai. When buying or selling property, this value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value, as it can affect the overall cost of the transaction. Proper understanding of these values ensures compliance with local regulations during property dealings.

Frequently asked questions

What is the current guideline value of Durgai Amman Street?

The current guideline value of Durgai Amman Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant increases over the years, from Rs 312 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 605%.

What is the median guideline value of streets in Thiruneermalai?

The median guideline value for streets in Thiruneermalai is Rs 2,420 per sq.ft, which is higher than the current guideline value of Durgai Amman Street.

What fees are associated with property transactions in Durgai Amman Street?

For property transactions, the stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher.

Which office handles registrations for Durgai Amman Street?

The Pammal Sub Registrar Office handles registrations for Durgai Amman Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.