Guideline Value for Judge Colony 2-nd Main Road

Judge Colony 2-nd Main Road guideline value

The current guideline value of Judge Colony 2-nd Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This road is located in Chitlapakkam village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Judge Colony 2-nd Main Road has changed

The guideline value for Judge Colony 2-nd Main Road has undergone several revisions over the years. The 2012 revision set the value at Rs 4,000 per sq.ft, which was then reduced to Rs 2,680 per sq.ft in 2017. Following this, the value increased to Rs 4,000 per sq.ft in the 2023 revision, and the most recent revision in 2024 raised it to Rs 4,400 per sq.ft. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The overall change from 2012 to 2024 shows a slight increase of 10% in the guideline value per sq.ft.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, placing Judge Colony 2-nd Main Road above this median.

• Judge Colony 1 Main road: Rs 4,400 per sq.ft (2024)
• Judge Colony 2nd Street: Rs 4,400 per sq.ft (2024)
• Judge Colony 3rd Street: Rs 4,400 per sq.ft (2024)
• Judge Colony 4th Street: Rs 4,400 per sq.ft (2024)
• Judge Colony Cross Street: Rs 4,400 per sq.ft (2024)
• Judge Colony Ist Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Judge Colony 2-nd Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Judge Colony 2-nd Main Road?

The Sub Registrar Office covering Judge Colony 2-nd Main Road is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Chitlapakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers should be aware that the guideline value can significantly influence the overall cost of the transaction.

When a property is registered, the authorities will assess the guideline value to ensure that the appropriate fees are collected. This value helps maintain transparency and standardization in property transactions, ensuring that all parties are aware of the financial obligations involved.

Frequently asked questions

What is the current guideline value of Judge Colony 2-nd Main Road?

The current guideline value of Judge Colony 2-nd Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 4,400 per sq.ft in 2024. The value increased from Rs 4,000 per sq.ft in 2023, and there was a significant rise from Rs 2,680 per sq.ft in 2017.

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

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 3,96,000.

Which Sub Registrar Office covers this area?

The Tambaram Joint 1 Sub Registrar Office covers Judge Colony 2-nd Main Road, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the land classification for Judge Colony 2-nd Main Road?

The land classification for Judge Colony 2-nd Main Road is Residential Special Type - I, indicating its designated use for residential purposes.