Guideline Value for Dharka Colony 1st Lane

Dharka Colony 1st Lane guideline value

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

How the guideline value of Dharka Colony 1st Lane has changed

Over the years, the guideline value of Dharka Colony 1st Lane has seen significant changes. The earliest recorded value was Rs 351 per sq.ft in 2003, which increased to Rs 600 per sq.ft in 2007, marking a rise of 71%. Following this, the value surged to Rs 4,000 per sq.ft in 2012, reflecting an impressive increase of 567%. The most recent revision in 2024 set the value at Rs 4,400 per sq.ft, indicating a 10% increase from the 2012 figure.

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

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 guideline value in this area is Rs 3,300 per sq.ft, placing Dharka Colony 1st Lane above this median.

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

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 cost for these fees 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 Colony 1st Lane?

The Sub Registrar Office covering Dharka Colony 1st Lane is 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 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 process when buying or selling property in Zaminpallavaram. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that all transactions are processed fairly and transparently according to the established rates set by the Registration Department.

Frequently asked questions

What is the current guideline value of Dharka Colony 1st Lane?

The current guideline value of Dharka Colony 1st Lane 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 changed significantly 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 of Dharka Colony 1st Lane?

Dharka Colony 1st Lane is classified as Commercial Class I Type - III, indicating its commercial usage suitability.

Where is the Sub Registrar Office for Dharka Colony 1st Lane located?

The Sub Registrar Office for Dharka Colony 1st Lane is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 3,96,000.