Guideline Value for Judge Colony 2nd Street

Judge Colony 2nd Street guideline value

The current guideline value of Judge Colony 2nd Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street 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 2nd Street has changed

The guideline value for Judge Colony 2nd Street has undergone several revisions over the years. In 2012, the guideline value was Rs 4,000 per sq.ft, which then decreased to Rs 2,680 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value to Rs 4,000 per sq.ft. The latest revision in 2024 has set the guideline value at Rs 4,400 per sq.ft, marking a 10% increase from 2023.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO that carry 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, making the guideline value of Judge Colony 2nd Street above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, while the registration fee at 2% would be Rs 88,000, resulting in a total of 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.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Judge Colony 2nd Street?

The Judge Colony 2nd Street falls under 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 information.

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

The guideline value is a crucial factor during property registration in Chitlapakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property transaction. Buyers and sellers must ensure that the sale price is in line with the guideline value to avoid discrepancies during registration.

When a property is sold, the guideline value helps in calculating the taxes owed to the government. It is essential for both parties to be aware of the current guideline value to ensure compliance with local regulations and to facilitate a smooth transaction.

Frequently asked questions

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

The current guideline value of Judge Colony 2nd Street 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 changed from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then increased to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,400 per sq.ft in 2024.

What is the land classification for Judge Colony 2nd Street?

The land classification for Judge Colony 2nd Street is Residential Special Type - I.

What are the other streets with the same guideline value?

Other streets in Chitlapakkam with the same guideline value of Rs 4,400 per sq.ft include Judge Colony 2-nd Main Road, Judge Colony 3rd Street, Judge Colony 1 Main road, Judge Colony 4th Street, Judge Colony Cross Street, and Judge Colony Ist Street.

Where can I find the Sub Registrar Office for Judge Colony 2nd Street?

The Sub Registrar Office covering Judge Colony 2nd Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.