Guideline Value for COLLECTRATE COLONY MAIN ROAD

Collectrate Colony Main Road guideline value

The current guideline value of Collectrate Colony Main Road is Rs 5,800 per sq.ft, effective from 1 July 2024. This road 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 Main Road has changed

The guideline value has undergone several revisions over the years. The earliest recorded revision was in 2007, where the value was Rs 1,500 per sq.ft. This increased significantly to Rs 5,300 per sq.ft in 2012, marking a change of 253%. The most recent revision in 2024 set the value at Rs 5,800 per sq.ft, which is a 9% increase from the 2012 figure.

There are no recorded figures for the years 2002, 2003, 2017, and 2023 for Collectrate Colony Main Road. Overall, from 2007 to 2024, the guideline value has increased by 287%.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO, with guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value is Rs 5,800 per sq.ft, which is equal to the current value of Collectrate Colony Main Road.

• Collectrate Colony 6th Cross Street: Rs 5,800 per sq.ft (2024)
• Collectrate Colony 5th Cross Street: Rs 5,800 per sq.ft (2024)
• Collectrate Colony 4th Cross Street: Rs 5,800 per sq.ft (2024)
• Collectrate Colony 3rd Cross Street: Rs 5,800 per sq.ft (2024)
• Collectrate Colony 2nd Cross Street: Rs 5,800 per sq.ft (2024)
• Collectrate Colony 1st Cross Street: Rs 5,800 per sq.ft (2024)

Stamp duty and registration fee for property in Collectrate Colony Main Road

For a 1,000 sq.ft plot at the current rate of Rs 5,800 per sq.ft, the guideline value amounts to Rs 58,00,000. The stamp duty at 7% would be 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 important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Collectrate Colony Main Road?

The Sub Registrar Office that covers Collectrate 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 plays a crucial role in the registration process of property transactions in Puliyur. It serves as the basis for calculating stamp duty and registration fees, which are mandatory during property registration.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and transparently. It helps in determining the official value of the property, which is essential for legal and financial purposes.

Frequently asked questions

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

The current guideline value of Collectrate Colony Main Road is Rs 5,800 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

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

What are the other streets in Puliyur with the same guideline value?

Other streets in Puliyur with the same guideline value of Rs 5,800 per sq.ft include Collectrate Colony 1st, 2nd, 3rd, 4th, 5th, and 6th Cross Streets.

What fees are associated with property transactions in Collectrate Colony Main Road?

Property transactions in Collectrate Colony Main Road incur a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Collectrate Colony Main Road?

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