Guideline Value for DA Colony

DA Colony guideline value

The current guideline value of DA Colony in Vellerithangal village is Rs 400 per sq.ft, effective from 1 July 2024. This area falls under the Gooduvancheri SRO and is classified as Residential Special Type - II.

How the guideline value of DA Colony has changed

Over the years, the guideline value of DA Colony has seen several revisions. The earliest recorded revision was in 2007, where the guideline value was Rs 50 per sq.ft. This increased significantly to Rs 400 per sq.ft in 2012, reflecting a rise of 700%. However, in 2017, the value adjusted to Rs 268 per sq.ft, marking a decrease of 33%. The value then rose to Rs 400 per sq.ft in both the 2023 and 2024 revisions, with no change observed between these two years.

The revisions for the years 2002 and 2003 do not have any recorded figures for this street. Overall, from 2007 to 2024, the guideline value has increased by 700%.

Guideline values in Vellerithangal

In Vellerithangal, there are 21 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 250 to Rs 1,400 per sq.ft. The median value is Rs 400 per sq.ft, which is equal to the current guideline value of DA Colony.

• D.A Colony Extn: Rs 400 per sq.ft (2024)
• Devan Garden: Rs 400 per sq.ft (2024)
• Bhuvaneswari Nagar: Rs 400 per sq.ft (2024)
• Jayaram Nagar: Rs 300 per sq.ft (2024)
• Krishnamohana Nagar: Rs 400 per sq.ft (2024)
• Mahasakthi Raja Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in DA Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty, charged at 7%, would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees to Rs 36,000. It is important to note that the 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.

Which Sub Registrar Office covers DA Colony?

The DA Colony area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Vellerithangal. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is sold, the guideline value serves as a benchmark for the minimum value at which the property can be registered. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of DA Colony?

The current guideline value of DA Colony is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 50 per sq.ft in 2007 to Rs 400 per sq.ft in 2012, then decreasing to Rs 268 per sq.ft in 2017, and returning to Rs 400 per sq.ft in 2023 and 2024.

What is the land classification of DA Colony?

DA Colony is classified as Residential Special Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in DA Colony?

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 4,00,000, the total fees would amount to Rs 36,000.

Which Sub Registrar Office covers the area of DA Colony?

The Gooduvancheri Sub Registrar Office covers DA Colony, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.