Guideline Value for Daskant Colony

Daskant Colony guideline value

The current guideline value of Daskant Colony, located in Thalakanancherry village under the Alandur SRO, is Rs 4,400 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 Class I Type - II.

How the guideline value of Daskant Colony has changed

Over the years, the guideline value of Daskant Colony has seen significant changes. The 2007 revision recorded a value of Rs 1,700 per sq.ft, which increased to Rs 4,000 per sq.ft in 2012, marking a rise of 135%. However, from 2012 to 2017, the value decreased by 33% to Rs 2,680 per sq.ft. The 2017 revision saw a substantial increase of 49%, bringing the value to Rs 4,000 per sq.ft in 2023. The current 2024 revision has further increased this to Rs 4,400 per sq.ft, reflecting a 10% rise.

The register has no figure for this street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 159%.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, making Daskant Colony's 2024 figure of Rs 4,400 per sq.ft above the median.

• Civil Aviyesation Colony: Rs 4,400 per sq.ft (2024)
• Dhuraisamy Garden /Thottam: Rs 3,900 per sq.ft (2024)
• Dr Ambethkar Street: Rs 2,200 per sq.ft (2024)
• Dr.PANDIYAN ROAD: Rs 3,900 per sq.ft (2024)
• DTE Colony: Rs 3,900 per sq.ft (2024)
• Burma Tamizhar Colony First Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Daskant Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, making the total cost for these fees Rs 3,96,000. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Daskant Colony?

Daskant Colony falls under the jurisdiction of the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process for property transactions in Thalakanancherry. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid to the government.

It is essential for buyers and sellers to be aware of the current guideline value as it directly impacts the overall cost of the transaction. Accurate knowledge of these values ensures compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Daskant Colony?

The current guideline value of Daskant Colony is Rs 4,400 per sq.ft, effective from the 2024 revision starting on 1 July 2024.

How has the guideline value changed over the years?

The guideline value has significantly changed from Rs 1,700 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 159% over the years.

What are the registration fees for property in Daskant Colony?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Which office handles the registration for Daskant Colony?

The Alandur Sub Registrar Office handles the registration for Daskant Colony, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the median guideline value for streets in Thalakanancherry?

The median guideline value for streets in Thalakanancherry is Rs 3,900 per sq.ft, with Daskant Colony's value of Rs 4,400 per sq.ft being above this median.