Guideline Value for Durgaiamman Street / Thiruvalluvar Nagar

Durgaiamman Street / Thiruvalluvar Nagar guideline value

The current guideline value of Durgaiamman 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 SRO, and is classified as Residential Class I Type - II.

How the guideline value of Durgaiamman Street / Thiruvalluvar Nagar has changed

The guideline value for Durgaiamman Street / Thiruvalluvar Nagar has seen significant changes over the years. In 2002, the value was Rs 230 per sq.ft, which increased to Rs 260 per sq.ft in 2003, marking a 13% rise. By 2007, the value jumped to Rs 360 per sq.ft, an increase of 38%. The 2017 revision saw the value soar to Rs 1,507 per sq.ft, reflecting a substantial 319% increase from 2007. In 2023, the guideline value further rose to Rs 2,250 per sq.ft, which is a 49% increase from the previous revision. The latest revision in 2024 sets the value at Rs 2,475 per sq.ft, a 10% increase from 2023.

It is important to note that there is no figure available for the 2012 revision for this street. Overall, from 2002 to 2024, the guideline value has increased by 976%.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median value is Rs 2,090 per sq.ft, placing Durgaiamman Street / Thiruvalluvar Nagar above this median.

• Durgai Amman Koil 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 Durgaiamman 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 would be Rs 24,75,000. The stamp duty at 7% would amount to Rs 1,73,250, and the registration fee at 2% would be Rs 49,500, bringing the total fees to Rs 2,22,750. It is important to note that 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 details on fees applicable to your property transaction.

Which Sub Registrar Office covers Durgaiamman Street / Thiruvalluvar Nagar?

The Durgaiamman Street / Thiruvalluvar Nagar area is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Pammal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

Buyers and sellers should be aware that the guideline value can influence the sale price of a property. It is essential to understand that the registration office will charge fees based on the higher of the guideline value or the actual sale price, which may affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Durgaiamman Street / Thiruvalluvar Nagar?

The current guideline value of Durgaiamman 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?

The guideline value has increased significantly from Rs 230 per sq.ft in 2002 to Rs 2,475 per sq.ft in 2024, marking an overall increase of 976%.

What is the stamp duty rate for property transactions in this area?

The stamp duty rate for property transactions in Durgaiamman Street / Thiruvalluvar Nagar is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Durgaiamman Street / Thiruvalluvar Nagar is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

What are the other streets with similar guideline values in Pammal?

Other streets in Pammal with similar guideline values include Durgai Amman Koil Street, Durai Velu Street, and Durai Street (A.K.), all at Rs 2,475 per sq.ft in 2024.