Guideline Value for Dhasrathan Cross Street / Gokulam Colony

Dhasrathan Cross Street / Gokulam Colony guideline value

The current guideline value of Dhasrathan Cross Street / Gokulam Colony is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Dhasrathan Cross Street / Gokulam Colony has changed

The guideline value for Dhasrathan Cross Street / Gokulam Colony has undergone several revisions over the years. Starting from Rs 200 in 2002, it increased to Rs 226 in 2003, marking a change of +13%. In 2007, the value rose significantly to Rs 360, which was a +59% increase. The 2017 revision saw a remarkable jump to Rs 1,675 per sq.ft, reflecting a +365% change. By 2023, the guideline value reached Rs 2,500 per sq.ft, a +49% increase from the previous revision. The latest revision in 2024 set the value at Rs 2,750 per sq.ft, marking a +10% change from 2023. Notably, there is no figure available for the year 2012 in the register for this street.

Overall, from 2002 to 2024, the guideline value has increased by an impressive +1275%. This consistent rise in value reflects the evolving landscape of Dhasrathan Cross Street / Gokulam Colony over the years.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median value for these streets is Rs 2,090 per sq.ft, placing Dhasrathan Cross Street / Gokulam Colony above this median at Rs 2,750 per sq.ft.

• Dhasaradhan Street, Pammal: Rs 1,980 per sq.ft (2024)
• Dhasrathan Street / Gokulam Colony: Rs 2,750 per sq.ft (2024)
• Dhasaradhan Cross Street, Pammal: Rs 1,980 per sq.ft (2024)
• Dhayalu Street / Anna Nagar: Rs 2,750 per sq.ft (2024)
• Dharmalingam Street / Lord Srinivasa Colony: Rs 1,980 per sq.ft (2024)
• Dhanraj Street / Central Bank Colony: Rs 1,870 per sq.ft (2024)

Stamp duty and registration fee for property in Dhasrathan Cross Street / Gokulam Colony

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, charged at 7%, would be Rs 1,92,500, while 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 higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dhasrathan Cross Street / Gokulam Colony?

The Sub Registrar Office that covers Dhasrathan Cross Street / Gokulam Colony is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Pammal, as it determines the amount of stamp duty and registration fees payable during the registration process. Buyers and sellers must be aware that the guideline value is used to calculate these fees, ensuring compliance with local regulations.

When a property is sold, the guideline value serves as a benchmark for the transaction, helping to establish a fair price for both parties. It is essential for buyers to understand that the guideline value may differ from the actual sale price, and the higher of the two will be considered for fee calculations.

Frequently asked questions

What is the current guideline value of Dhasrathan Cross Street / Gokulam Colony?

The current guideline value of Dhasrathan Cross Street / Gokulam Colony 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 increased significantly from Rs 200 in 2002 to Rs 2,750 in 2024, reflecting a total increase of +1275% over the years.

What are the other streets in Pammal with their guideline values?

Other streets in Pammal include Dhasaradhan Street at Rs 1,980 per sq.ft, Dhayalu Street / Anna Nagar at Rs 2,750 per sq.ft, and Dhanraj Street / Central Bank Colony at Rs 1,870 per sq.ft, among others.

What is the registration fee for properties in Dhasrathan Cross Street / Gokulam Colony?

The registration fee for properties is 2% of the guideline value. For a plot valued at Rs 27,50,000, the registration fee would be Rs 55,000.

Where can I find the Sub Registrar Office for Dhasrathan Cross Street / Gokulam Colony?

The Sub Registrar Office for Dhasrathan Cross Street / Gokulam Colony is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.