Guideline Value for CTO Colony 4th extn

CTO Colony 4th extn guideline value

The current guideline value of CTO Colony 4th extn is Rs 3,300 per sq.ft, effective from 1 July 2024. This area falls under Tambaram village and is registered with the Tambaram Joint 1 SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of CTO Colony 4th extn has changed

The guideline value for CTO Colony 4th extn has undergone several revisions over the years. The oldest recorded value is from 2007, which was Rs 600 per sq.ft. This figure saw a significant increase to Rs 3,000 per sq.ft in 2012, marking a 400% rise. However, it then dropped to Rs 2,010 per sq.ft in 2017, a decrease of 33%. The value increased again to Rs 3,000 per sq.ft in 2023, followed by the current value of Rs 3,300 per sq.ft in 2024, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002 and 2003 for this street. From 2017 to 2023, the guideline value increased by 49%, and overall, from 2007 to 2024, it has risen by 450%.

Guideline values in Tambaram

In Tambaram, there are 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 value is Rs 3,300 per sq.ft, which is equal to the current guideline value of CTO Colony 4th extn.

• CTO Colony 3rd St: Rs 3,300 per sq.ft (2024)
• CTO Colony 4th St: Rs 3,300 per sq.ft (2024)
• CTO Colony 2nd St: Rs 3,300 per sq.ft (2024)
• CTO Colony 5th St: Rs 3,300 per sq.ft (2024)
• CTO Colony 1st 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 4th extn

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, totaling 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers CTO Colony 4th extn?

The Sub Registrar Office that covers CTO Colony 4th extn is the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059, within 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 in the registration process when buying or selling property in Tambaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property 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. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of CTO Colony 4th extn?

The current guideline value of CTO Colony 4th extn 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 significantly from Rs 600 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 450% over this period.

What is the land classification for CTO Colony 4th extn?

CTO Colony 4th extn is classified as Residential Class I Type - I, indicating its suitability for residential development.

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

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would amount to Rs 2,97,000.

Where can I find the Sub Registrar Office for CTO Colony 4th extn?

The Sub Registrar Office for CTO Colony 4th extn is the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059.