Guideline Value for Dharka Colony 4th Lane

Dharka Colony 4th Lane guideline value

The current guideline value of Dharka Colony 4th Lane is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village under the Pallavaram Sub Registrar Office (SRO). The land classification for this area is Commercial Class I Type - III.

How the guideline value of Dharka Colony 4th Lane has changed

The guideline value for Dharka Colony 4th Lane has seen several revisions over the years. Starting from the 2003 revision, the value was Rs 351 per sq.ft. This increased to Rs 600 per sq.ft in 2007, marking a significant rise of 71%. The value then surged to Rs 4,000 per sq.ft in 2012, an increase of 567%. However, it dropped to Rs 2,680 per sq.ft in 2017, reflecting a decrease of 33%. The subsequent revision in 2023 brought the value back up to Rs 4,000 per sq.ft, and the current revision in 2024 has set the value at Rs 4,400 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 1154%. It is important to note that there is no figure available for the 2002 revision for this street.

Guideline values in Zaminpallavaram

Zaminpallavaram village has a total of 638 streets under the Pallavaram SRO, with guideline values 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 4th Lane's 2024 figure above this median.

• Dharka Colony 3rd Lane: Rs 2,750 per sq.ft (2024)
• Dharka Main Road: Rs 4,400 per sq.ft (2024)
• Dharka Colony 2nd Lane: Rs 4,400 per sq.ft (2024)
• Dharka North Side Road: Rs 4,400 per sq.ft (2024)
• Dharka Colony 1st Lane: Rs 4,400 per sq.ft (2024)
• Dharka Road (Part West): Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Dharka Colony 4th 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, charged at 7%, would be Rs 3,08,000, while 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.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dharka Colony 4th Lane?

The Sub Registrar Office that covers Dharka Colony 4th 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 plays a crucial role in property transactions in Zaminpallavaram. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duties are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to ensure that the sale price is reflective of the current guideline value to avoid any legal complications. The guideline value is updated periodically, and it is advisable to stay informed about these changes to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Dharka Colony 4th Lane?

The current guideline value of Dharka Colony 4th 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 this period.

What are the registration fees for property in Dharka Colony 4th Lane?

The registration fees are calculated based on the guideline value or sale price, whichever is higher. For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000.

Which office handles property registrations in Dharka Colony 4th Lane?

The Pallavaram Sub Registrar Office handles property registrations for Dharka Colony 4th Lane, located at 7th Main Road, New Colony, Chromepet, Chennai-600044.

Where can I find more information about stamp duty and registration fees?

You can find more information about stamp duty and registration fees using our stamp duty and registration fee calculator.