Guideline Value for Zamindhar Lane

Zamindhar Lane guideline value

The current guideline value of Zamindhar Lane is Rs 3,520 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, under the Pallavaram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Zamindhar Lane has changed

The guideline value for Zamindhar Lane has seen several revisions over the years. The earliest recorded figure is from 2003, which was Rs 171 per sq.ft. This value increased significantly to Rs 600 per sq.ft in 2007, marking a change of +251%. The value then rose dramatically to Rs 3,200 per sq.ft in 2012, which was an increase of +433%. However, in 2017, the guideline value dropped to Rs 2,144 per sq.ft, reflecting a decrease of -33%. The most recent revision in 2024 set the value at Rs 3,520 per sq.ft, an increase of +64% from 2017.

It is important to note that there are no figures available for the years 2023 and 2002 for Zamindhar Lane in the register.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO that carry 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, making Zamindhar Lane's 2024 figure of Rs 3,520 per sq.ft above the median.

• Yadhaval Street: Rs 2,160 per sq.ft (2024)
• Yadaval Street: Rs 2,160 per sq.ft (2024)
• Works Road: Rs 2,750 per sq.ft (2024)
• West Pudhuvai Nagar 2nd Street: Rs 3,300 per sq.ft (2024)
• West Pudhuvai Nagar 1st Street: Rs 3,300 per sq.ft (2024)
• West Pudhuvai Nagar: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Zamindhar Lane

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 be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total fees together to 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Zamindhar Lane?

The Zamindhar Lane is covered by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor when registering property transactions in Zaminpallavaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction, ensuring that these fees are calculated based on the official guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the guideline value as it directly impacts the financial obligations during the registration process. Buyers should ensure they are informed about the current guideline values to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Zamindhar Lane?

The current guideline value of Zamindhar Lane is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 171 per sq.ft in 2003 to Rs 3,520 per sq.ft in 2024, showing an overall increase of +1958% over the years.

What are the stamp duty and registration fees for a property in Zamindhar Lane?

For a 1,000 sq.ft plot, the total guideline value is Rs 35,20,000, with stamp duty at Rs 2,46,400 and registration fee at Rs 70,400, totaling Rs 3,16,800.

Which Sub Registrar Office covers Zamindhar Lane?

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

Where can I find more information about guideline values?

For more detailed information about guideline values, you can refer to the Registration Department's guideline value register at TNReginet.