Guideline Value for Dr.Solaman Street

Dr.Solaman Street guideline value

The current guideline value of Dr.Solaman Street in Zaminpallavaram village is Rs 3,520 per sq.ft, effective from 1 July 2024. This street falls under the Pallavaram Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.

How the guideline value of Dr.Solaman Street has changed

Over the years, the guideline value of Dr.Solaman Street has seen significant changes. The earliest recorded figure is from 2003, where the value was Rs 303 per sq.ft. This increased to Rs 600 per sq.ft in 2007, marking a substantial rise of 98%. By 2012, the value reached Rs 3,200 per sq.ft, but then it dropped to Rs 2,144 per sq.ft in 2017, reflecting a decrease of 33%. The value then surged to Rs 3,200 per sq.ft in 2023, followed by a further increase to Rs 3,520 per sq.ft in 2024, which is a rise of 10% from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 1062%. It is important to note that there is no recorded figure for Dr.Solaman Street in the 2002 revision.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are a total of 638 streets under the Pallavaram SRO that have a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median value is Rs 3,300 per sq.ft, which means that Dr.Solaman Street's 2024 figure of Rs 3,520 per sq.ft is above this median.

• Duraikannu Road: Rs 3,300 per sq.ft (2024)
• Duraipakkam Pallavaram Link Road (200 Feet Road): Rs 4,400 per sq.ft (2024)
• Duraipandiyan Street: Rs 3,300 per sq.ft (2024)
• Durga Colony 1 To 4 Streets: Rs 4,400 per sq.ft (2024)
• Durga Colony Cross Street: Rs 4,400 per sq.ft (2024)
• Durga Colony (Part): Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Dr.Solaman Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value would be Rs 35,20,000. The stamp duty at 7% would amount to Rs 2,46,400, while the registration fee at 2% would be Rs 70,400. Therefore, the total cost for stamp duty and registration fee together would be Rs 3,16,800. 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 further calculations.

Which Sub Registrar Office covers Dr.Solaman Street?

The Sub Registrar Office that covers Dr.Solaman Street 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. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees payable at the time of registration. This ensures that both the buyer and seller are aware of the official value set by the government for the property.

Additionally, the guideline value serves as a reference point for property transactions, helping to maintain transparency in the real estate market. It is essential for buyers and sellers to be familiar with the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Dr.Solaman Street?

The current guideline value of Dr.Solaman Street is Rs 3,520 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 303 per sq.ft in 2003 to Rs 3,520 per sq.ft in 2024, reflecting an overall increase of 1062% over this period.

What are the stamp duty and registration fees for property in Dr.Solaman Street?

For a property valued at Rs 35,20,000, the stamp duty would be Rs 2,46,400 and the registration fee would be Rs 70,400, totaling Rs 3,16,800.

Which Sub Registrar Office covers Dr.Solaman Street?

The Pallavaram Sub Registrar Office covers Dr.Solaman Street, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What is the median guideline value in Zaminpallavaram?

The median guideline value in Zaminpallavaram is Rs 3,300 per sq.ft, with Dr.Solaman Street's value of Rs 3,520 per sq.ft being above this median.