Guideline Value for D.A. Colony

D.A. Colony guideline value

The current guideline value of D.A. Colony, located in Arambakkam village under the Gooduvancheri SRO, is Rs 600 per sq.ft. This value is effective from the 2024 revision, which will be implemented on 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of D.A. Colony has changed

The guideline value for D.A. Colony has seen several revisions over the years. The earliest available figure is from the 2007 revision, which was Rs 160 per sq.ft. This increased significantly to Rs 600 per sq.ft in the 2012 revision, marking a 275% rise. However, the value dropped to Rs 402 per sq.ft in the 2017 revision, reflecting a decrease of 33%. The 2023 revision maintained the value at Rs 600 per sq.ft, and the same value will continue into the 2024 revision, showing no change.

From 2017 to 2023, there was a notable increase of 49%. Overall, from the 2007 revision to the upcoming 2024 revision, the guideline value has increased by 275%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Arambakkam

In Arambakkam, there are 33 streets under the Gooduvancheri SRO that carry a guideline value for 2024, ranging from Rs 400 to Rs 800 per sq.ft. The median value for these streets is Rs 600 per sq.ft, which is equal to the current guideline value of D.A. Colony.

• Cittirai Nagar: Rs 402 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 500 per sq.ft (2024)
• Dr. Radha Krishnan Extension: Rs 800 per sq.ft (2024)
• Dr. Radhakrishnan Nagar: Rs 600 per sq.ft (2024)
• Ganapathipuram: Rs 800 per sq.ft (2024)
• Balagangadara Thilak Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in D.A. Colony

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value amounts to Rs 6,00,000. The stamp duty, charged at 7%, would be Rs 42,000, while the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers D.A. Colony?

The D.A. Colony area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri - 603202, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Arambakkam. It is used to determine the minimum price for registration purposes, ensuring that properties are not undervalued during the sale process. Buyers and sellers must be aware of this value as it impacts the overall costs associated with property transactions.

When registering a property, the guideline value is considered for calculating stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, reflecting the true value of the property being sold or purchased.

Frequently asked questions

What is the current guideline value of D.A. Colony?

The current guideline value of D.A. Colony is Rs 600 per sq.ft, effective from the 2024 revision starting 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 160 per sq.ft in 2007 to Rs 600 per sq.ft in 2012, then dropped to Rs 402 per sq.ft in 2017, remained Rs 600 in 2023, and will continue at Rs 600 in 2024.

What is the land classification for D.A. Colony?

The land classification for D.A. Colony is Residential Special Type - I, indicating its designated use for residential purposes.

What are the stamp duty and registration fees for property in D.A. Colony?

For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 and the registration fee would be Rs 12,000, totaling Rs 54,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Gooduvancheri Sub Registrar Office?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri - 603202, Chengalpattu registration zone. You can find more details by visiting the relevant link.