Guideline Value for Fisherman Colony 2nd Cross Street

Fisherman Colony 2nd Cross Street guideline value

The current guideline value of Fisherman Colony 2nd Cross Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village, under the Royapuram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Fisherman Colony 2nd Cross Street has changed

In the 2007 revision, the guideline value was Rs 600 per sq.ft. This increased to Rs 1,200 per sq.ft in the 2012 revision, marking a 100% increase. However, in the 2017 revision, the value decreased to Rs 804 per sq.ft, a decline of 33%. The latest revision in 2024 shows a significant increase to Rs 1,300 per sq.ft, which is a rise of 62% from the 2017 figure.

It is important to note that there are no figures available for the revisions in 2023, 2003, and 2002 for this street. Overall, from 2007 to 2024, the guideline value has increased by 117%.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value for these streets is Rs 1,600 per sq.ft, placing Fisherman Colony 2nd Cross Street's 2024 value below that median.

• Fisherman Colony 1st cross Street: Rs 1,300 per sq.ft (2024)
• Fisherman Colony 2nd Main Street: Rs 1,300 per sq.ft (2024)
• Fisherman Colony 1Main Street: Rs 1,300 per sq.ft (2024)
• Fisherman Colony 3 rd Cross Street: Rs 1,300 per sq.ft (2024)
• Fisherman Colony 3rd Main Street: Rs 1,300 per sq.ft (2024)
• Fisherman Colony 4th cross Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Fisherman Colony 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, while the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Fisherman Colony 2nd Cross Street?

The Fisherman Colony 2nd Cross Street is covered by the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. For more information, you can find your SRO.

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

The guideline value is an essential factor in property transactions in Tondaiarpet, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

It is crucial for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of the transaction. Proper understanding of these values can help in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Fisherman Colony 2nd Cross Street?

The current guideline value of Fisherman Colony 2nd Cross Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, starting from Rs 600 per sq.ft in 2007, increasing to Rs 1,200 in 2012, then decreasing to Rs 804 in 2017, and finally rising to Rs 1,300 in 2024.

What is the land classification for Fisherman Colony 2nd Cross Street?

The land classification for Fisherman Colony 2nd Cross Street is Residential Class II Type - I.

Where can I find the Royapuram Sub Registrar Office?

The Royapuram Sub Registrar Office is located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

What are the stamp duty and registration fees for properties in Fisherman Colony 2nd Cross Street?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000.