Guideline Value for COLLECTORATE COLONY IV TH CROSS STREET

Collectorate Colony IV Th Cross Street guideline value

The current guideline value of Collectorate Colony IV Th Cross Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Arumbakkam village under the Kodambakkam SRO, with a land classification of Residential Special Type - I.

How the guideline value of Collectorate Colony IV Th Cross Street has changed

In the 2007 revision, the guideline value was Rs 1,350 per sq.ft. This increased significantly to Rs 6,000 per sq.ft in the 2012 revision, marking a rise of 344%. However, in the 2017 revision, the value decreased to Rs 4,020 per sq.ft, representing a drop of 33%. The value then saw a substantial increase to Rs 6,000 per sq.ft in the 2023 revision, followed by a further rise to Rs 6,600 per sq.ft in the 2024 revision, which is an increase of 10%. The register has no figures for the years 2002 and 2003.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 389%. The changes between the revisions highlight the fluctuations in the guideline value over the years, with notable increases and decreases at various intervals.

Guideline values in Arumbakkam

In Arumbakkam, there are 391 streets under the Kodambakkam SRO, with guideline values ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median guideline value in this area is Rs 6,000 per sq.ft, and the 2024 figure for Collectorate Colony IV Th Cross Street is above this median.

• Collectorate Colony I St Cross Street: Rs 6,600 per sq.ft (2024)
• Collectorate Colony Main Road: Rs 6,600 per sq.ft (2024)
• Collectorate Colony II Nd Cross Street: Rs 6,600 per sq.ft (2024)
• Collectorate Colony VI Th Cross Street: Rs 6,600 per sq.ft (2024)
• Collectorate Colony III Rd Cross Street: Rs 6,600 per sq.ft (2024)
• Collectorate Colony V Th Cross Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Collectorate Colony IV Th Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 6,600 per sq.ft, the guideline value would be Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, totaling Rs 5,94,000. 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 Collectorate Colony IV Th Cross Street?

The Sub Registrar Office that covers Collectorate Colony IV Th Cross 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 Arumbakkam

The guideline value is an essential factor in the property registration process in Arumbakkam. It serves as a benchmark for determining the stamp duty and registration fees payable at the time of property transactions.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and aligns with government regulations. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Collectorate Colony IV Th Cross Street?

The current guideline value of Collectorate Colony IV Th Cross Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,350 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, representing an overall increase of 389% over the years.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000 and the registration fee would be Rs 1,32,000, totaling Rs 5,94,000.

Which office is responsible for property registration in this area?

The Kodambakkam Sub Registrar Office is responsible for property registration in Collectorate Colony IV Th Cross Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the land classification for Collectorate Colony IV Th Cross Street?

The land classification for Collectorate Colony IV Th Cross Street is Residential Special Type - I, indicating its suitability for residential purposes.