Guideline Value for ZACKRIYA COLONY MAIN ROAD

Zackriya Colony Main Road guideline value

The current guideline value of Zackriya Colony Main Road is Rs 7,100 per sq.ft, effective from 1 July 2024. This road is located in Puliyur village under the Kodambakkam SRO, and the land classification is Residential Special Type - II.

How the guideline value of Zackriya Colony Main Road has changed

The guideline value for Zackriya Colony Main Road has seen several revisions over the years. The earliest recorded figure is from 2007, when it was Rs 2,000 per sq.ft. This increased significantly to Rs 6,500 per sq.ft in 2012, followed by a decrease to Rs 4,355 per sq.ft in 2017. The value rose again to Rs 6,500 per sq.ft in 2023, and currently stands at Rs 7,100 per sq.ft from the 2024 revision. Notably, there are no figures available for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2023 to 2024 represents a 9% increase. Overall, from 2007 to 2024, the guideline value has risen by 255%, showcasing a significant upward trend over the years.

Guideline values in Puliyur

In Puliyur, 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 of Rs 5,800 per sq.ft. Zackriya Colony Main Road's 2024 figure is above this median.

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

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 be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, bringing the total fees 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Zackriya Colony Main Road?

The Sub Registrar Office covering Zackriya Colony Main Road 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 in property transactions in Puliyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately for legal and tax purposes.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, to ensure compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Zackriya Colony Main Road?

The current guideline value of Zackriya Colony Main Road 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 2,000 per sq.ft in 2007 to Rs 7,100 per sq.ft in 2024, marking a total increase of 255% over the years.

What is the registration office for Zackriya Colony Main Road?

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

What are the stamp duty rates applicable?

The stamp duty for property transactions in Zackriya Colony Main Road is charged at 7% of the guideline value or sale price, whichever is higher.

Are there other streets with the same guideline value in Puliyur?

Yes, other streets in Puliyur, such as Zackriya Colony 1st, 2nd, 3rd, and 4th Streets, also have a guideline value of Rs 7,100 per sq.ft for the year 2024.