Guideline Value for ZACKRIYA COLONY 1ST STREET

Zackriya Colony 1st Street guideline value

The current guideline value of Zackriya Colony 1st Street is Rs 7,100 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO, classified as Residential Special Type - II.

How the guideline value of Zackriya Colony 1st Street has changed

The guideline value for Zackriya Colony 1st Street has seen significant changes over the years. In 2007, the guideline value was Rs 1,800 per sq.ft, which increased to Rs 6,500 per sq.ft in 2012, marking a substantial rise of 261%. By 2024, the value further increased to Rs 7,100 per sq.ft, reflecting a 9% increase from the 2012 revision.

There are no figures available for the revisions in 2023, 2017, 2003, and 2002 for this street. Overall, from 2007 to 2024, the guideline value has increased by 294%.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO, with guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value in this area is Rs 5,800 per sq.ft, placing Zackriya Colony 1st Street's 2024 figure above this median.

• Zackriya Colony 2nd Street: Rs 7,100 per sq.ft (2024)
• Zackriya Colony 3rd Street: Rs 7,100 per sq.ft (2024)
• Zackriya Colony 4th Street: Rs 7,100 per sq.ft (2024)
• Zackriya Colony Main Road: Rs 7,100 per sq.ft (2024)
• West Sivan Koil 2nd Street: Rs 6,300 per sq.ft (2024)
• West Sivan Koil 1st Street: Rs 6,300 per sq.ft (2024)

Stamp duty and registration fee for property in Zackriya Colony 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value would be Rs 71,00,000. The stamp duty at 7% would amount to Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, bringing the total to Rs 6,39,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Zackriya Colony 1st Street?

The Sub Registrar Office that covers Zackriya Colony 1st Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Puliyur. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government. Buyers and sellers should be aware of these values to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Zackriya Colony 1st Street?

The current guideline value of Zackriya Colony 1st Street is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2007 to Rs 6,500 per sq.ft in 2012, and then to Rs 7,100 per sq.ft in 2024. There are no figures available for the years 2023, 2017, 2003, and 2002 for this street.

What is the land classification of Zackriya Colony 1st Street?

Zackriya Colony 1st Street is classified as Residential Special Type - II under the Kodambakkam SRO.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For example, a property valued at Rs 71,00,000 would incur a stamp duty of Rs 4,97,000 and a registration fee of Rs 1,42,000.

Where can I find the Sub Registrar Office for Zackriya Colony 1st Street?

The Sub Registrar Office for Zackriya Colony 1st Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.