Guideline Value for Dharka Colony 3rd Lane

Dharka Colony 3rd Lane guideline value

The current guideline value of Dharka Colony 3rd Lane is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village under the Pallavaram SRO, classified as Residential Class II Type - I.

How the guideline value of Dharka Colony 3rd Lane has changed

The guideline value for Dharka Colony 3rd Lane has undergone several revisions over the years. The earliest recorded value was Rs 351 per sq.ft in 2003, which increased to Rs 600 per sq.ft in 2007. Following that, the value rose significantly to Rs 2,500 per sq.ft in 2012, before decreasing to Rs 1,675 per sq.ft in 2017. The 2023 revision set the value at Rs 2,500 per sq.ft, with the current 2024 revision marking an increase to Rs 2,750 per sq.ft, reflecting a 10% rise from the previous year.

From 2017 to 2023, the guideline value increased by 49%. The value saw a notable drop of 33% from 2012 to 2017. The rise from 2007 to 2012 was substantial at 317%, and from 2003 to 2007, the increase was 71%. Overall, from 2003 to 2024, the guideline value has increased by 683%. The register has no figure for this street for the year 2002.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median value is Rs 3,300 per sq.ft, making the Dharka Colony 3rd Lane guideline value below this median.

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

Stamp duty and registration fee for property in Dharka Colony 3rd Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total cost for these fees to Rs 2,47,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dharka Colony 3rd Lane?

The Dharka Colony 3rd Lane falls under the jurisdiction of 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 metric used during property transactions in Zaminpallavaram. It serves as a reference point for determining the stamp duty and registration fees payable at the time of registration.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and fairly, reflecting the official valuation set by the Registration Department. This value can influence the overall cost involved in the property transfer process.

Frequently asked questions

What is the current guideline value of Dharka Colony 3rd Lane?

The current guideline value of Dharka Colony 3rd Lane is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 351 per sq.ft in 2003 to Rs 2,750 per sq.ft in 2024, with various revisions in between, including a notable increase of 683% from 2003 to 2024.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 2,47,500.

Which office handles property registrations for Dharka Colony 3rd Lane?

The Pallavaram Sub Registrar Office is responsible for property registrations in Dharka Colony 3rd Lane, located at 7th Main Road, New Colony, Chromepet, Chennai-600044.

What is the land classification for Dharka Colony 3rd Lane?

Dharka Colony 3rd Lane is classified as Residential Class II Type - I, indicating its designation for residential purposes.