Guideline Value for Dharka Street Colony

Dharka Street Colony guideline value

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

How the guideline value of Dharka Street Colony has changed

The guideline value for Dharka Street Colony has seen significant changes over the years. In 2003, the value was Rs 351 per sq.ft, which increased to Rs 600 per sq.ft in 2007. The value then rose dramatically to Rs 4,000 per sq.ft in 2012, marking a 567% increase from the previous revision. However, it decreased to Rs 2,680 per sq.ft in 2017, reflecting a decline of 33%. The value then increased again to Rs 4,000 per sq.ft in 2023, before reaching the current value of Rs 4,400 per sq.ft in 2024, a 10% increase.

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 year 2002 in the register for this street.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 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 these streets is Rs 3,300 per sq.ft, placing Dharka Street Colony's 2024 figure above this median.

• Dharka Road South Side Salaikal: Rs 4,400 per sq.ft (2024)
• Dharka Road (Part West): Rs 4,400 per sq.ft (2024)
• Dharka North Side Road: Rs 4,400 per sq.ft (2024)
• Dharka Main Road: 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 Street Colony

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, bringing the total charges 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dharka Street Colony?

The Dharka Street Colony 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. To find your SRO, you can visit find your SRO.

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 calculating stamp duty and registration fees, ensuring that these costs are based on a standardized valuation of the property.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to determine the applicable duties. This ensures that all transactions are fairly assessed and contribute to the revenue system.

Frequently asked questions

What is the current guideline value of Dharka Street Colony?

The current guideline value of Dharka Street Colony is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2003, the guideline value has increased significantly, from Rs 351 per sq.ft to Rs 4,400 per sq.ft in 2024, marking an overall increase of 1154%.

What are the stamp duty and registration fees for property in Dharka Street Colony?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total charges would be Rs 3,96,000.

Which office handles registrations for Dharka Street Colony?

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

How is the guideline value used in property transactions?

The guideline value is used to calculate stamp duty and registration fees during property transactions. The higher of the guideline value or the sale price is used to determine these costs.