Guideline Value for CTO Colony 1st St
₹3300/sq.ft.
The guideline value for Cto Colony 1st St in Tambaram village (Tambaram Joint 1 SRO, Chengalpattu zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Tambaram
Village
Tambaram Joint 1
SRO
Residential Class I Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹3300 /sq.ft. |
| From 1-4-2023 | ₹3000 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹2010 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹3000 /sq.ft. |
| From 1-8-2007 To 31-3-2012 | ₹600 /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)
No.26,mes Road, East Tambaram, Chennai-600059.
044-22397171
[email protected]
DRO (District Registrar Office)
Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
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[email protected], [email protected]
Records for a plot on Cto Colony 1st St
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Tambaram Joint 1 sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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CTO Colony 1st St guideline value
The current guideline value of CTO Colony 1st St is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Tambaram village, under the Tambaram Joint 1 SRO, and is classified as Residential Class I Type - I.
How the guideline value of CTO Colony 1st St has changed
The guideline value for CTO Colony 1st St has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 600 per sq.ft. This saw a significant increase in the 2012 revision, where it rose to Rs 3,000 per sq.ft, marking a 400% increase. However, in the 2017 revision, the value decreased to Rs 2,010 per sq.ft, reflecting a decline of 33% from the previous revision. The value then increased again in the 2023 revision to Rs 3,000 per sq.ft, and subsequently rose to Rs 3,300 per sq.ft in the 2024 revision, which is a 10% increase from 2023.
It is important to note that the register does not have figures for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 450%.
Guideline values in Tambaram
In Tambaram, there are a total of 360 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 8,250 per sq.ft. The median guideline value is Rs 3,300 per sq.ft, which is the same as the current value for CTO Colony 1st St.
- CTO Colony 2nd St: Rs 3,300 per sq.ft (2024)
- CTO Colony 3rd St: Rs 3,300 per sq.ft (2024)
- CTO Colony 4th extn: Rs 3,300 per sq.ft (2024)
- CTO Colony 4th St: Rs 3,300 per sq.ft (2024)
- CTO Colony 5th St: Rs 3,300 per sq.ft (2024)
- Daniel Street: Rs 4,400 per sq.ft (2024)
Stamp duty and registration fee for property in CTO Colony 1st St
For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.
For more details on calculating fees, you can use the stamp duty and registration fee calculator.
Which Sub Registrar Office covers CTO Colony 1st St?
The Sub Registrar Office that covers CTO Colony 1st St is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.
You can find your SRO for more information.
How the guideline value is used when you buy or sell in Tambaram
The guideline value is a crucial factor during the registration of property transactions in Tambaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.
When a property is registered, the guideline value is used to calculate the applicable duties and fees, ensuring that both the buyer and seller are aware of the financial implications of the transaction. This helps maintain transparency in property dealings.
Frequently asked questions
What is the current guideline value of CTO Colony 1st St?
The current guideline value of CTO Colony 1st St is Rs 3,300 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 450% over the years.
What are the stamp duty and registration fees for property in CTO Colony 1st St?
For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000, and the registration fee would be Rs 66,000, totaling Rs 2,97,000.
Which Sub Registrar Office covers this area?
The Tambaram Joint 1 Sub Registrar Office covers CTO Colony 1st St, located at No.26, Mes Road, East Tambaram, Chennai-600059.
What is the land classification for CTO Colony 1st St?
CTO Colony 1st St is classified as Residential Class I Type - I, indicating its suitability for residential development.
Ask the records, or walk the map.
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