Guideline Value for Doctor Colony

Doctor Colony guideline value

The current guideline value of Doctor Colony, located in Zaminpallavaram village under the Pallavaram SRO, is Rs 2,750 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Doctor Colony has changed

The guideline value for Doctor Colony has seen several revisions over the years. In 2003, the value was Rs 486 per sq.ft, which increased to Rs 800 per sq.ft in 2007, marking a significant rise of 65%. The value remained unchanged at Rs 2,500 per sq.ft in both the 2012 and 2023 revisions. The latest revision in 2024 has raised it to Rs 2,750 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 466%. Notably, there were no figures available for the years 2002 and 2017 in the register for this street.

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 guideline value for these streets is Rs 3,300 per sq.ft, placing Doctor Colony's 2024 figure below this median.

• Dr.ABDUL KALAM STREET: Rs 3,850 per sq.ft (2024)
• Dhidir Nagar: Rs 3,300 per sq.ft (2024)
• Dr.Ambedkar Street: Rs 3,300 per sq.ft (2024)
• Dhasan Street: Rs 3,300 per sq.ft (2024)
• Dharka Street Colony: Rs 4,400 per sq.ft (2024)
• Dharka Road South Side Salaikal: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Doctor Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty, charged at 7%, amounts to Rs 1,92,500, while the registration fee at 2% totals Rs 55,000. Therefore, the combined total for stamp duty and registration fee would be Rs 2,47,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Doctor Colony?

The Sub Registrar Office that covers Doctor Colony is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. For more details, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Zaminpallavaram. It serves as a benchmark for determining the minimum sale price of a property, ensuring that transactions are recorded at a fair value.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Doctor Colony?

The current guideline value of Doctor 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 from Rs 486 per sq.ft in 2003 to Rs 2,750 per sq.ft in 2024, marking an overall increase of 466% over this period.

What is the land classification of Doctor Colony?

Doctor Colony falls under the Residential Class II Type - I land classification.

Where can I find the Sub Registrar Office for Doctor Colony?

The Sub Registrar Office for Doctor Colony is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is stamp duty calculated for properties in Doctor Colony?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 27,50,000, the stamp duty at 7% would be Rs 1,92,500.