Guideline Value for Dharga Road (PART)

Dharga Road (PART) guideline value

The current guideline value of Dharga Road (PART) is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Issa Pallavaram village, under the Pallavaram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Dharga Road (PART) has changed

The guideline value for Dharga Road (PART) has undergone several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 3,500 per sq.ft. This was followed by a decrease to Rs 2,345 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back up to Rs 3,500 per sq.ft. The latest revision in 2024 set the guideline value at Rs 3,850 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for Dharga Road (PART) in the revisions of 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Issa Pallavaram

In Issa Pallavaram, there are 110 streets under the Pallavaram SRO that have a guideline value for 2024, ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 3,300 per sq.ft, and Dharga Road (PART) is above this median.

• Easwari Main Cross Road: Rs 3,300 per sq.ft (2024)
• Easwari Main Road: Rs 3,850 per sq.ft (2024)
• Elumalai Street: Rs 3,300 per sq.ft (2024)
• Chavadi Street: Rs 4,400 per sq.ft (2024)
• Fathima Manzal Street: Rs 2,200 per sq.ft (2024)
• Gandhi Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Dharga Road (PART)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total charges together to Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dharga Road (PART)?

The Sub Registrar Office covering Dharga Road (PART) is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Issa Pallavaram. It serves as a reference point for determining the stamp duty and registration fees that need to be paid, ensuring that these costs are based on the official value assigned to the property.

When buying or selling property, the guideline value helps both parties understand the minimum value for which the property can be registered. This ensures transparency in the transaction and helps in the assessment of applicable taxes and fees.

Frequently asked questions

What is the current guideline value of Dharga Road (PART)?

The current guideline value of Dharga Road (PART) is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2012 to Rs 2,345 per sq.ft in 2017, then increased to Rs 3,500 per sq.ft in 2023, and finally to Rs 3,850 per sq.ft in 2024.

What is the land classification of Dharga Road (PART)?

Dharga Road (PART) is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Dharga Road (PART)?

For a property valued at Rs 38,50,000, the stamp duty would be Rs 2,69,500, and the registration fee would be Rs 77,000, totaling Rs 3,46,500.

Where is the Sub Registrar Office for Dharga Road (PART) located?

The Sub Registrar Office for Dharga Road (PART) is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.