Guideline Value for Dharka 3rd Street

Dharka 3rd Street guideline value

The current guideline value of Dharka 3rd Street in Zaminpallavaram village is Rs 4,400 per sq.ft, effective from 1 July 2024. This street falls under the Pallavaram SRO and is classified as Commercial Class I Type - III.

How the guideline value of Dharka 3rd Street has changed

The guideline value for Dharka 3rd Street has seen significant changes over the years. In 2003, the guideline value was Rs 351 per sq.ft, which increased to Rs 600 per sq.ft in 2007, marking a 71% increase. The value further rose to Rs 4,000 per sq.ft in 2012, representing a remarkable 567% increase from the previous revision. The most recent revision in 2024 set the guideline value at Rs 4,400 per sq.ft, reflecting a 10% increase from 2012.

It is important to note that there are no figures available for the revisions in 2023, 2017, and 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by 1154%.

Guideline values in Zaminpallavaram

Zaminpallavaram village has a total of 638 streets under the Pallavaram SRO, with guideline values for 2024 ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 3,300 per sq.ft, placing Dharka 3rd Street's 2024 figure above that median.

• Dharka 2nd 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)
• Dharka Colony 3rd Lane: Rs 2,750 per sq.ft (2024)
• Dharka Colony 4th Lane: Rs 4,400 per sq.ft (2024)
• Dharka Main Road: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Dharka 3rd Street

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, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dharka 3rd Street?

The Sub Registrar Office that covers Dharka 3rd Street 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 Zaminpallavaram

The guideline value is a crucial factor in the registration of property transactions in Zaminpallavaram. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, buyers must consider the guideline value as it influences the overall cost of the transaction. The higher the guideline value, the more significant the financial implications in terms of taxes and fees associated with the property transfer.

Frequently asked questions

What is the current guideline value of Dharka 3rd Street?

The current guideline value of Dharka 3rd Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 351 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 1154% over the years.

What is the land classification for Dharka 3rd Street?

Dharka 3rd Street is classified as Commercial Class I Type - III.

Where is the Pallavaram Sub Registrar Office located?

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

How is stamp duty calculated for properties in Dharka 3rd Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 44,00,000 would incur a stamp duty of Rs 3,08,000 at 7%.