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Guideline Value

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Guideline Value for COLLECTRATE COLONY 3RD CROSS STREET

₹5800/sq.ft.

The guideline value for Collectrate Colony 3rd Cross Street in Puliyur village (Kodambakkam SRO, Chennai zone) is Rs 5800 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Puliyur

Village

Kodambakkam

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹5800 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹5300 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1500 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.
044-24843265
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Collectrate Colony 3rd Cross Street

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Collectrate Colony 3rd Cross Street guideline value

The current guideline value of Collectrate Colony 3rd Cross Street is Rs 5,800 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Collectrate Colony 3rd Cross Street has changed

In the 2007 revision, the guideline value was Rs 1,500 per sq.ft. This increased significantly to Rs 5,300 per sq.ft in the 2012 revision, marking a change of 253%. The most recent 2024 revision has set the guideline value at Rs 5,800 per sq.ft, reflecting a 9% increase from the 2012 figure.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 287%. It is important to note that the register does not contain figures for the years 2002, 2003, 2017, and 2023 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. The median guideline value for these streets is Rs 5,800 per sq.ft, which is equal to the current figure for Collectrate Colony 3rd Cross Street.

Stamp duty and registration fee for property in Collectrate Colony 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,800 per sq.ft, the total guideline value would be Rs 58,00,000. The stamp duty at 7% would amount to Rs 4,06,000, and the registration fee at 2% would be Rs 1,16,000, bringing the total to Rs 5,22,000. It is essential 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 Collectrate Colony 3rd Cross Street?

The Sub Registrar Office that covers Collectrate Colony 3rd 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 details.

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

The guideline value is a crucial factor when buying or selling property in Puliyur, as it determines the minimum value at which property transactions must be registered. This value is used to calculate the stamp duty and registration fees applicable during the registration process.

It is important for buyers and sellers to be aware of the guideline value, as it ensures compliance with legal requirements and helps in accurately assessing the financial implications of property transactions.

Frequently asked questions

What is the current guideline value of Collectrate Colony 3rd Cross Street?

The current guideline value of Collectrate Colony 3rd Cross Street is Rs 5,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has changed from Rs 1,500 per sq.ft to Rs 5,800 per sq.ft in 2024, reflecting an overall increase of 287%.

Are there any years with no guideline value figures for this street?

Yes, the register does not contain figures for the years 2002, 2003, 2017, and 2023 for Collectrate Colony 3rd Cross Street.

What is the registration office for Collectrate Colony 3rd Cross Street?

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

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 58,00,000 would incur a stamp duty of Rs 4,06,000 at 7%.