Guideline Value for Dharka Road (Part West)

Dharka Road (Part West) guideline value

The current guideline value of Dharka Road (Part West) in Zaminpallavaram village is Rs 4,400 per sq.ft, effective from 1 July 2024. This property falls under the Pallavaram SRO and is classified as Commercial Class I Type - III.

How the guideline value of Dharka Road (Part West) has changed

The guideline value for Dharka Road (Part West) has seen several revisions over the years. In 2003, the guideline value was Rs 413 per sq.ft, which increased to Rs 600 per sq.ft in 2007. Following that, the value rose significantly to Rs 4,000 per sq.ft in 2012. However, there was a decrease to Rs 2,680 per sq.ft in 2017. The value then increased to Rs 4,000 per sq.ft in 2023, and currently stands at Rs 4,400 per sq.ft from the 2024 revision. The register has no figure for the year 2002 for this street.

Between the revisions, the changes are notable. From 2003 to 2007, the value increased by 45%, while from 2007 to 2012, it jumped by 567%. However, there was a decrease of 33% from 2012 to 2017. The value then increased by 49% from 2017 to 2023, and finally, there was a 10% increase from 2023 to 2024. Overall, from 2003 to 2024, the guideline value has risen by 965%.

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 value for these streets is Rs 3,300 per sq.ft, making the 2024 guideline value for Dharka Road (Part West) above this median.

• Dharka North Side Road: Rs 4,400 per sq.ft (2024)
• Dharka Road South Side Salaikal: Rs 4,400 per sq.ft (2024)
• Dharka Main Road: Rs 4,400 per sq.ft (2024)
• Dharka Street Colony: Rs 4,400 per sq.ft (2024)
• Dharka Colony 4th Lane: Rs 4,400 per sq.ft (2024)
• Dharka Colony 3rd Lane: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Dharka Road (Part West)

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. Together, the total cost for these fees would be Rs 3,96,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Dharka Road (Part West)?

The Sub Registrar Office that covers Dharka Road (Part West) 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 details.

How the guideline value is used when you buy or sell in Zaminpallavaram

The guideline value is a crucial factor during the registration of property transactions in Zaminpallavaram. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that the government receives the correct revenue from property sales.

When buying or selling property, it is essential to be aware of the guideline value as it can influence the overall transaction costs. Buyers should ensure that they are informed about the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Dharka Road (Part West)?

The current guideline value of Dharka Road (Part West) 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 from Rs 413 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 965% over the years.

What is the median guideline value in Zaminpallavaram?

The median guideline value for streets in Zaminpallavaram is Rs 3,300 per sq.ft, with Dharka Road (Part West) being above this median at Rs 4,400 per sq.ft.

What are the stamp duty and registration fees for properties in Dharka Road (Part West)?

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, totaling Rs 3,96,000.

Which office handles property registrations for Dharka Road (Part West)?

The Pallavaram Sub Registrar Office handles property registrations for Dharka Road (Part West), located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.