Guideline Value for CTO Colony 5th St

CTO Colony 5th St guideline value

The current guideline value of CTO Colony 5th St, located in Tambaram village under the Tambaram Joint 1 SRO, is Rs 3,300 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - I land classification.

How the guideline value of CTO Colony 5th St has changed

Over the years, the guideline value of CTO Colony 5th St has seen several revisions. The earliest recorded revision was in 2007, where the guideline value was Rs 600 per sq.ft. This figure increased significantly to Rs 3,000 per sq.ft in 2012, marking a 400% rise. However, from 2012 to 2017, the value decreased to Rs 2,010 per sq.ft, a drop of 33%. The value then rose to Rs 3,000 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 set the guideline value at Rs 3,300 per sq.ft, representing a 10% increase from the previous year.

It is important to note that there are no recorded figures for the years 2002 and 2003 for this street in the register. Overall, from 2007 to 2024, the guideline value has increased 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 5th St.

• CTO Colony 4th St: Rs 3,300 per sq.ft (2024)
• CTO Colony 4th extn: Rs 3,300 per sq.ft (2024)
• CTO Colony 3rd St: Rs 3,300 per sq.ft (2024)
• CTO Colony 2nd 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 5th 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, charged 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 information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers CTO Colony 5th St?

The Sub Registrar Office that covers CTO Colony 5th 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 details.

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

The guideline value is a crucial factor when buying or selling property in Tambaram. It serves as a reference for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware that these fees are based on the guideline value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to consult the guideline value register to ensure compliance with the legal requirements for registration. This helps in avoiding any discrepancies that may arise during the process.

Frequently asked questions

What is the current guideline value of CTO Colony 5th St?

The current guideline value of CTO Colony 5th 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, representing a total increase of 450% over the years.

What is the land classification of CTO Colony 5th St?

CTO Colony 5th St is classified as Residential Class I Type - I land.

Where can I find the Sub Registrar Office for CTO Colony 5th St?

The Sub Registrar Office for CTO Colony 5th St is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is stamp duty calculated for properties in CTO Colony 5th St?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 at 7%.