Guideline Value for ZACKRIYA COLONY 3RD STREET

Zackriya Colony 3rd Street guideline value

The current guideline value of Zackriya Colony 3rd 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 3rd Street has changed

The guideline value for Zackriya Colony 3rd Street has seen several revisions over the years. The 2007 revision set the value at Rs 1,800 per sq.ft, which increased significantly to Rs 6,500 per sq.ft in the 2012 revision. However, this was followed by a decrease to Rs 4,355 per sq.ft in the 2017 revision. The subsequent revisions saw an increase, with the 2023 revision at Rs 6,500 per sq.ft, and the current 2024 revision at Rs 7,100 per sq.ft, reflecting a 9% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 294%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 14,300 per sq.ft, with a median value of Rs 5,800 per sq.ft. The guideline value for Zackriya Colony 3rd Street is above this median.

• Zackriya Colony 2nd Street: Rs 7,100 per sq.ft (2024)
• Zackriya Colony 4th Street: Rs 7,100 per sq.ft (2024)
• Zackriya Colony 1st 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 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value amounts to Rs 71,00,000. The stamp duty, charged at 7%, comes to Rs 4,97,000, while the registration fee at 2% is Rs 1,42,000. Together, the total cost for stamp duty and registration fee is Rs 6,39,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Zackriya Colony 3rd Street?

The Sub Registrar Office covering Zackriya Colony 3rd 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 is a crucial factor during the registration of property transactions in Puliyur. It serves as the basis for calculating stamp duty and registration fees, ensuring that both buyers and sellers adhere to the legal requirements set by the government.

When a property is bought or sold, the guideline value helps determine the financial obligations involved in the transaction. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Zackriya Colony 3rd Street?

The current guideline value for Zackriya Colony 3rd 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 significantly from Rs 1,800 per sq.ft in 2007 to Rs 7,100 per sq.ft in 2024, reflecting an overall increase of 294% over the years.

What is the land classification for Zackriya Colony 3rd Street?

Zackriya Colony 3rd Street is classified as Residential Special Type - II under the Kodambakkam SRO.

Where can I find the registration office for Zackriya Colony 3rd Street?

The registration office for Zackriya Colony 3rd Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is the stamp duty calculated for properties in Puliyur?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 71,00,000, the stamp duty would be Rs 4,97,000 at the rate of 7%.