Guideline Value for C.B.O.A COLONY

C.B.O.A Colony guideline value

The current guideline value of C.B.O.A Colony is Rs 3,300 per sq.ft, effective from 1 July 2024. This colony is located in Chitthalapakkam village and falls under the Selaiyur SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of C.B.O.A Colony has changed

The guideline value for C.B.O.A Colony has undergone several revisions over the years. In 2012, the guideline value was set at Rs 3,000 per sq.ft. This figure remained unchanged until 2017, when it decreased to Rs 2,010 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back up to Rs 3,000 per sq.ft. The most recent revision in 2024 saw another increase of 10%, raising the guideline value to Rs 3,300 per sq.ft.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Chitthalapakkam

In Chitthalapakkam, there are 107 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 1,300 to Rs 5,000 per sq.ft. The median guideline value for these streets is Rs 2,900 per sq.ft, indicating that C.B.O.A Colony's 2024 figure of Rs 3,300 per sq.ft is above the median.

• Buvaneswari Nagar: Rs 3,300 per sq.ft (2024)
• Blossom: Rs 2,900 per sq.ft (2024)
• Deivalakshmi Nagar: Rs 2,950 per sq.ft (2024)
• Basil Avenue Extension: Rs 3,300 per sq.ft (2024)
• Basil Avenue: Rs 3,300 per sq.ft (2024)
• Balm Avenue: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in C.B.O.A Colony

For a 1,000 sq.ft plot in C.B.O.A Colony at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total charges to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers C.B.O.A Colony?

The Sub Registrar Office that covers C.B.O.A Colony is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. For further assistance, you can find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Chitthalapakkam. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is sold or purchased, the guideline value is compared with the sale price. The higher of the two values is taken into account for calculating the applicable duties and fees, ensuring that the transaction is registered accurately and legally.

Frequently asked questions

What is the current guideline value of C.B.O.A Colony?

The current guideline value of C.B.O.A Colony is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then back to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification of C.B.O.A Colony?

C.B.O.A Colony is classified as Residential Special Type - III, which indicates its intended use for residential purposes.

What are the registration fees for property in C.B.O.A Colony?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone.