Guideline Value

Corporate

Guideline Value for CORPORATION COLONY 4TH STREET

₹4400/sq.ft.

The guideline value for Corporation Colony 4th Street in Tnagar village (Thiyagaraya Nagar SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Tnagar

Village

Thiyagaraya Nagar

SRO

Residential Class III Type - III
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1134 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

27/14,vetnari Hospital Road Panpet Nandhanam Chennai-35
044-24340958
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Corporation Colony 4th Street

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Corporation Colony 4th Street guideline value

The current guideline value for Corporation Colony 4th Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Tnagar village, under the jurisdiction of the Thiyagaraya nagar SRO. The land classification for this area is Residential Class III Type - III.

How the guideline value of Corporation Colony 4th Street has changed

The guideline value for Corporation Colony 4th Street has seen several revisions over the years. In 2003, the value was Rs 1,134 per sq.ft, which increased to Rs 1,500 per sq.ft in 2007, marking a 32% rise. The value then saw a significant jump of 167% to Rs 4,000 per sq.ft in 2012. However, in 2017, it dropped by 33% to Rs 2,680 per sq.ft. The value then increased by 49% to Rs 4,000 per sq.ft in 2023, before reaching the current rate of Rs 4,400 per sq.ft in the 2024 revision, which is a 10% increase from the previous year. There is no figure available for the year 2002 in the register for this street.

Overall, from 2003 to 2024, the guideline value has increased by 288%. Each revision reflects changes in the property market and the value assigned to this street over the years.

Guideline values in Tnagar

In Tnagar, there are 262 streets under the Thiyagaraya nagar SRO that carry a 2024 guideline value ranging from Rs 4,400 to Rs 27,500 per sq.ft, with a median value of Rs 11,000 per sq.ft. The guideline value for Corporation Colony 4th Street is below this median.

Stamp duty and registration fee for property in Corporation Colony 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Corporation Colony 4th Street?

The Sub Registrar Office that covers Corporation Colony 4th Street is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Tnagar. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers and sellers should be aware of the current guideline value to ensure compliance with the legal requirements during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that all transactions are fairly assessed and that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Corporation Colony 4th Street?

The current guideline value of Corporation Colony 4th Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,134 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 288% over this period.

What is the median guideline value in Tnagar?

The median guideline value in Tnagar is Rs 11,000 per sq.ft, while Corporation Colony 4th Street's current value is below this median.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles property registrations for Corporation Colony 4th Street?

The Thiyagaraya nagar Sub Registrar Office handles property registrations for Corporation Colony 4th Street, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35.