Guideline Value for COLONY ST

Colony St guideline value

The current guideline value of Colony St in Thandurai village, under the Avadi SRO, is Rs 800 per sq.ft as per the 2024 revision effective from 1 July 2024. This street is classified under Residential Class II Type - II.

How the guideline value of Colony St has changed

The guideline value for Colony St has seen several revisions over the years. From the 2012 revision, the value was Rs 800 per sq.ft, which remained unchanged in the 2017 revision. However, in 2017, the value was Rs 536 per sq.ft, indicating a decrease of 33% from the previous revision. The 2023 revision also maintained the value at Rs 800 per sq.ft, showing a significant increase of 49% from 2017.

As of the 2024 revision, the guideline value is still Rs 800 per sq.ft, reflecting no change from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thandurai

In Thandurai, there are 331 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,640 per sq.ft, with a median value of Rs 988 per sq.ft. The guideline value for Colony St is below this median.

• C.P.M.Street: Rs 1,300 per sq.ft (2024)
• Church St: Rs 800 per sq.ft (2024)
• C.S.I.Church St: Rs 1,300 per sq.ft (2024)
• Cholan St: Rs 988 per sq.ft (2024)
• CHOLAN NAGAR to PATTABIRAM POLICE STATION: Rs 1,980 per sq.ft (2024)
• Cholan Nagar: Rs 988 per sq.ft (2024)

Stamp duty and registration fee for property in Colony St

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total to Rs 72,000. 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 accurate calculations based on your property details.

Which Sub Registrar Office covers Colony St?

The Sub Registrar Office that covers Colony St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical component in the registration process of property transactions in Thandurai. It serves as a benchmark for assessing the value of the property being bought or sold, ensuring that the transaction is recorded at a fair value.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for completing the transaction. This ensures that both the buyer and seller are aware of the financial obligations involved in the property transfer.

Frequently asked questions

What is the current guideline value of Colony St?

The current guideline value of Colony St is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent being Rs 800 per sq.ft in 2023 and 2024. The value was Rs 536 per sq.ft in 2017 and Rs 800 per sq.ft in 2012.

What is the classification of Colony St?

Colony St is classified under Residential Class II Type - II, indicating its designation for residential purposes.

What are the stamp duty and registration fees for properties on Colony St?

For a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000 and the registration fee would be Rs 16,000, totaling Rs 72,000.

Which office handles the registration for Colony St?

The Avadi Sub Registrar Office handles the registration for Colony St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.