Guideline Value for Dharka Colony 2nd Lane

Dharka Colony 2nd Lane guideline value

The current guideline value for Dharka Colony 2nd 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 2nd Lane has changed

The guideline value for Dharka Colony 2nd Lane has undergone several revisions over the years. Starting from Rs 351 per sq.ft in 2003, it increased to Rs 600 per sq.ft in 2007, followed by a significant jump to Rs 4,000 per sq.ft in 2012. However, there was a decrease to Rs 2,680 per sq.ft in 2017. The latest revision in 2024 has set the value at Rs 4,400 per sq.ft.

In terms of percentage changes, the value increased by 71% from 2003 to 2007, then surged by 567% from 2007 to 2012. There was a decrease of 33% from 2012 to 2017, and finally, a substantial increase of 64% from 2017 to 2024. The overall change from 2003 to 2024 reflects an increase of 1154%.

Guideline values in Zaminpallavaram

Zaminpallavaram village has a total of 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 for the village is Rs 3,300 per sq.ft, placing Dharka Colony 2nd Lane's 2024 value above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling 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.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Dharka Colony 2nd Lane?

The Sub Registrar Office that covers Dharka Colony 2nd Lane 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 process when buying or selling property in Zaminpallavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

Frequently asked questions

What is the current guideline value for Dharka Colony 2nd Lane?

The current guideline value for Dharka Colony 2nd 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, starting from Rs 351 per sq.ft in 2003 and reaching Rs 4,400 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification of Dharka Colony 2nd Lane?

Dharka Colony 2nd Lane is classified as Commercial Class I Type - III, indicating its commercial potential within the area.

Where is the Sub Registrar Office for Dharka Colony 2nd Lane located?

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

How is the stamp duty calculated for property transactions?

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