Guideline Value for Janakiram Reddy Colony 4th Street

Janakiram Reddy Colony 4th Street guideline value

The current guideline value of Janakiram Reddy Colony 4th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village under the Sembiam SRO, and it falls under the Residential Class I Type - I land classification.

How the guideline value of Janakiram Reddy Colony 4th Street has changed

In the 2007 revision, the guideline value was Rs 1,000 per sq.ft. This figure saw a significant increase in the 2012 revision, where it rose to Rs 3,000 per sq.ft, marking a change of +200%. The value remained unchanged at Rs 3,000 per sq.ft in the 2023 revision. However, in the latest 2024 revision, the guideline value increased to Rs 3,300 per sq.ft, reflecting a change of +10% from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by +230%. Notably, there are no figures available for the years 2002, 2003, and 2017 for this street in the register.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median value among these streets is Rs 3,300 per sq.ft, which is equal to the guideline value of Janakiram Reddy Colony 4th Street.

• Janakiram Reddy Colony 1st Street: Rs 3,300 per sq.ft (2024)
• Janakiram Reddy Colony 2nd Street: Rs 3,300 per sq.ft (2024)
• Janakiram Reddy Colony 3rd Street: Rs 3,300 per sq.ft (2024)
• Janakiram Reddy Colony 4th Street: Rs 3,300 per sq.ft (2024)
• Janakiram Reddy Colony 5th Street: Rs 3,300 per sq.ft (2024)
• Janakiram Reddy Colony 6th Street: Rs 3,300 per sq.ft (2024)
• Janakiram Reddy Colony 7th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Janakiram Reddy Colony 4th Street

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the 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 to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Janakiram Reddy Colony 4th Street?

The Sub Registrar Office that covers Janakiram Reddy Colony 4th Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more details.

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

The guideline value plays a crucial role during property registration in Kolathur. When a property is bought or sold, the guideline value is used as a basis to determine the stamp duty and registration fees that need to be paid. This ensures that the transaction is recorded accurately and transparently.

It is essential for buyers and sellers to be aware of the current guideline value, as it can affect the overall cost of the transaction. The guideline value is regularly updated to reflect changes in the real estate market, ensuring that it remains relevant and fair for all parties involved.

Frequently asked questions

What is the current guideline value of Janakiram Reddy Colony 4th Street?

The current guideline value of Janakiram Reddy Colony 4th Street 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 seen several revisions, increasing from Rs 1,000 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of +230% over the years.

What is the land classification for Janakiram Reddy Colony 4th Street?

Janakiram Reddy Colony 4th Street is classified under Residential Class I Type - I.

Where can I find the Sembiam Sub Registrar Office?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is the stamp duty calculated for properties in Kolathur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 33,00,000 would incur a stamp duty of Rs 2,31,000 at a rate of 7%.