Guideline Value for DOLLARS COLONY PHASE I

Dollars Colony Phase I guideline value

The current guideline value of Dollars Colony Phase I is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is located in Agaramthen village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Mixed Special Type - II.

How the guideline value of Dollars Colony Phase I has changed

The guideline value for Dollars Colony Phase I has seen several revisions over the years. In 2017, the guideline value was Rs 2,000 per sq.ft. This increased to Rs 3,000 per sq.ft in the 2023 revision, marking a 50% rise. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 65%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Agaramthen

Agaramthen village has a total of 125 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 440 to Rs 3,700 per sq.ft as of 2024. The median guideline value for these streets is Rs 830 per sq.ft, placing Dollars Colony Phase I above this median.

• Dheeran Avenue -II: Rs 2,310 per sq.ft (2024)
• Dheeran Avenue: Rs 2,310 per sq.ft (2024)
• Eastern Gate Of Daniel: Rs 3,300 per sq.ft (2024)
• Easwaran Koil Cross Street: Rs 550 per sq.ft (2024)
• Easwaran Koil Street: Rs 550 per sq.ft (2024)
• Evergreen Enclave Phase IV: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Dollars Colony Phase I

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000. Together, the total cost would be Rs 2,97,000. 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 Dollars Colony Phase I?

The Sub Registrar Office that covers Dollars Colony Phase I is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Agaramthen. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property transaction. Buyers and sellers must consider this value to ensure compliance with legal requirements during the sale process.

When a property is bought or sold, the guideline value helps in assessing the correct amount of tax to be paid. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies or legal issues during registration.

Frequently asked questions

What is the current guideline value of Dollars Colony Phase I?

The current guideline value of Dollars Colony Phase I is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2017 to Rs 3,000 per sq.ft in 2023, and then to Rs 3,300 per sq.ft in 2024. This represents an overall increase of 65% from 2017 to 2024.

What are the guideline values for other streets in Agaramthen?

The guideline values for other streets in Agaramthen vary, with rates ranging from Rs 440 to Rs 3,700 per sq.ft. For example, Dheeran Avenue -II has a value of Rs 2,310 per sq.ft, while Eastern Gate Of Daniel is at Rs 3,300 per sq.ft.

What fees are associated with buying property in Dollars Colony Phase I?

When buying property in Dollars Colony Phase I, buyers should be aware of the stamp duty and registration fees. For instance, on a 1,000 sq.ft plot valued at Rs 33,00,000, the total fees would amount to Rs 2,97,000.

Where can I find more information about the Sub Registrar Office?

The Tambaram Joint 1 Sub Registrar Office covers Dollars Colony Phase I. It is located at No.26, Mes Road, East Tambaram, Chennai-600059. More information can be found by visiting the appropriate links.