Guideline Value for COLOR FEELS

Color Feels guideline value

The current guideline value of Color Feels is Rs 2,725 per sq.ft, effective from 1 July 2024. This locality is situated in Perumbakkam village under the Selaiyur SRO, classified as Residential Special Type - I.

How the guideline value of Color Feels has changed

Looking at the historical revisions, the guideline value for Color Feels has seen several changes over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which remained unchanged in the 2017 revision, where it dropped to Rs 1,675 per sq.ft. In 2023, the value increased to Rs 2,500 per sq.ft, and the most recent 2024 revision raised it further to Rs 2,725 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. However, from 2017 to 2023, the guideline value increased by 49%. The change from 2023 to 2024 reflects a growth of 9%. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Perumbakkam

In Perumbakkam, there are 225 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft. The median value is Rs 2,725 per sq.ft, which is the same as the guideline value for Color Feels.

• Color Castle: Rs 3,950 per sq.ft (2024)
• Citrine Sanctum By Urban Tree: Rs 4,000 per sq.ft (2024)
• Chettinad Villa: Rs 2,725 per sq.ft (2024)
• Cheran Nagar: Rs 2,725 per sq.ft (2024)
• Dhanalakshmi Avenue: Rs 2,750 per sq.ft (2024)
• Chandrasekaran Nagar: Rs 975 per sq.ft (2024)

Stamp duty and registration fee for property in Color Feels

For a 1,000 sq.ft plot at the current guideline value of Rs 2,725 per sq.ft, the total guideline value would be Rs 27,25,000. The stamp duty at 7% would amount to Rs 1,90,750, and the registration fee at 2% would be Rs 54,500, bringing the total fees to Rs 2,45,250. It is important 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 Color Feels?

The Sub Registrar Office that covers Color Feels 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. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perumbakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction reflects an accurate market value.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Color Feels?

The current guideline value of Color Feels is Rs 2,725 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then back to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,725 per sq.ft in 2024.

What is the median guideline value in Perumbakkam?

The median guideline value in Perumbakkam is Rs 2,725 per sq.ft, which is the same as the current guideline value for Color Feels.

What are the stamp duty rates for property in Color Feels?

The stamp duty for property in Color Feels is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Color Feels located?

The Sub Registrar Office for Color Feels is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.