Guideline Value for Dhanapal Lane

Dhanapal Lane guideline value

The current guideline value of Dhanapal Lane is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, under the Pallavaram SRO, and falls under the Residential Class I Type - II land classification.

How the guideline value of Dhanapal Lane has changed

The guideline value of Dhanapal Lane has undergone several revisions over the years. In the 2003 revision, the value was Rs 486 per sq.ft, which increased to Rs 600 per sq.ft in 2007. The value saw a significant jump of 400% to Rs 3,000 per sq.ft in the 2012 revision. However, it decreased by 33% to Rs 2,010 per sq.ft in the 2017 revision. The subsequent 2023 revision raised it to Rs 3,000 per sq.ft, and the latest 2024 revision set it at Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2003 revision to the 2024 revision, the guideline value has increased by 579%. It is important to note that there is no figure available for Dhanapal Lane in the 2002 revision.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, which is equal to the current guideline value for Dhanapal Lane.

• Dhanapal Street: Rs 3,300 per sq.ft (2024)
• Dhandabani Street: Rs 2,750 per sq.ft (2024)
• Dharka 2nd Street: Rs 4,400 per sq.ft (2024)
• Dharka 3rd Street: Rs 4,400 per sq.ft (2024)
• Dharka Colony 1st Lane: Rs 4,400 per sq.ft (2024)
• Dharka Colony 2nd Lane: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Dhanapal Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost to Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dhanapal Lane?

Dhanapal Lane falls under the jurisdiction of the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO here.

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

The guideline value is a critical factor in the registration process for property transactions in Zaminpallavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transfer of property ownership.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, reflecting the current market conditions as determined by the Registration Department. This helps maintain transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Dhanapal Lane?

The current guideline value of Dhanapal Lane 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 486 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 579% over this period.

What is the land classification of Dhanapal Lane?

Dhanapal Lane is classified as Residential Class I Type - II, which indicates its suitability for residential development.

Where can I find the registration office for Dhanapal Lane?

The registration office for Dhanapal Lane is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is stamp duty calculated for properties in Dhanapal Lane?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, on a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 at a rate of 7%.