Guideline Value for T.Durairaj Street, Gandhi Nagar Extn

T.Durairaj Street, Gandhi Nagar Extn guideline value

The current guideline value for T.Durairaj Street, Gandhi Nagar Extn is Rs 2,475 per sq.ft. 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 T.Durairaj Street, Gandhi Nagar Extn has changed

The guideline value for T.Durairaj Street has undergone several revisions. The earliest recorded revision is from 2002, 2003, 2007, 2012, and 2023, but the register has no figure for this street in those years. The 2017 revision set the guideline value at Rs 1,507 per sq.ft, which was later revised to Rs 2,475 per sq.ft in 2024, marking an increase of 64%.

From the 2017 revision to the 2024 revision, the guideline value increased significantly. The current value of Rs 2,475 per sq.ft is a notable rise from the previous figure of Rs 1,507 per sq.ft.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value is Rs 2,090 per sq.ft, placing T.Durairaj Street's 2024 figure above this median.

• Teacher Chinnaswamy Street, Sambandhanar Nagar: Rs 1,980 per sq.ft (2024)
• Teacher Samuel Street, Pammal: Rs 1,980 per sq.ft (2024)
• Swami Vivekanadar Street: Rs 1,760 per sq.ft (2024)
• Swaminathan Nagar (All Streets): Rs 1,870 per sq.ft (2024)
• Thakerar Street/Muthamzhi Nagar: Rs 2,475 per sq.ft (2024)
• Thandai Periyar 1st Cross Street /Sholavaram Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in T.Durairaj Street, Gandhi Nagar Extn

For a 1,000 sq.ft plot at the current rate of Rs 2,475 per sq.ft, the 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, making the total costs Rs 2,22,750. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers T.Durairaj Street, Gandhi Nagar Extn?

The Sub Registrar Office that covers T.Durairaj Street, Gandhi Nagar 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 Pammal

The guideline value plays a crucial role during the registration process when buying or selling property in Pammal. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that both parties adhere to the legal requirements set by the state.

When a property is registered, the guideline value is considered to determine the applicable taxes. Buyers should be aware that the stamp duty is charged based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of T.Durairaj Street?

The current guideline value of T.Durairaj Street, Gandhi Nagar Extn 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 changed from Rs 1,507 per sq.ft in the 2017 revision to Rs 2,475 per sq.ft in the 2024 revision, reflecting an increase of 64%.

What is the median guideline value in Pammal?

The median guideline value in Pammal is Rs 2,090 per sq.ft, which is lower than the current value of T.Durairaj Street.

Where is the Sub Registrar Office for T.Durairaj Street located?

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

How is stamp duty calculated for properties in Pammal?

Stamp duty for properties in Pammal is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 24,75,000, the stamp duty would be calculated accordingly.