Paes and his 99th doubles partner Klaasen tried their best before going down 3-6 6-7 (4) to a superior pair on the day.
Despite the partisan crowd support, the 41-year-old Indian fell short of winning his seventh title here.
Paes, who has entered his 25th ATP season, acknowledged he and his South African partner lost to a better team.
"They played a great match today. I would love to see the statistics. I don't think they missed too many first serves. Having said that, I would like to thank my partner for a good start to the new season," said Paes at the post-match on court interview.
Klaasen added: "What a great week it was. I enjoyed being here. The crowd tried their best today but there was not enough time I guess. Though we lost, it has been a good start for us (Leander and him)."
A break was enough for the Marray and Lu to seal the opening set.
The second set went down to the wire and witnessed many breathtaking rallies, much to the liking of the vociferous crowd at the SDAT Stadium.
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