Guideline Value for Colapuram Ibrahim street Extn

Colapuram Ibrahim street Extn guideline value

The current guideline value of Colapuram Ibrahim street Extn is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village, under the Ambattur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Colapuram Ibrahim street Extn has changed

The guideline value for Colapuram Ibrahim street Extn has undergone several revisions. The 2012 revision set the value at Rs 2,200 per sq.ft, which remained unchanged until the 2023 revision. In 2023, the guideline value was revised to Rs 2,200 per sq.ft, and then increased to Rs 2,400 per sq.ft in 2024, reflecting a 9% rise from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 9%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are a total of 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, which is equal to the current value of Colapuram Ibrahim street Extn.

• Cholapuram Vaigai Street: Rs 2,400 per sq.ft (2024)
• Cholapuram Shanthi Street: Rs 2,400 per sq.ft (2024)
• Cholapuram Saraswathi Street: Rs 2,400 per sq.ft (2024)
• Cholapuram New Street: Rs 2,400 per sq.ft (2024)
• Cholapuram Natesan Street: Rs 2,400 per sq.ft (2024)
• Cholapuram lakshmi Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Colapuram Ibrahim street Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000. Together, the total cost for these fees would be Rs 2,16,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Colapuram Ibrahim street Extn?

The Sub Registrar Office that covers Colapuram Ibrahim street Extn is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

For more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Thirumullaivoyal, it is essential to consider the guideline value to ensure compliance with registration requirements.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Colapuram Ibrahim street Extn?

The current guideline value of Colapuram Ibrahim street Extn is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Colapuram Ibrahim street Extn has increased from Rs 2,200 per sq.ft in 2012 to Rs 2,400 per sq.ft in 2024, marking a 9% increase overall.

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

For a property valued at Rs 24,00,000, the stamp duty would be Rs 1,68,000 and the registration fee would be Rs 48,000, totaling Rs 2,16,000.

Where is the Sub Registrar Office for Colapuram Ibrahim street Extn located?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification for Colapuram Ibrahim street Extn?

Colapuram Ibrahim street Extn is classified as Residential Class I Type - I.