Guideline Value for Judge Colony 3rd Street

Judge Colony 3rd Street guideline value

The current guideline value for Judge Colony 3rd Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Chitlapakkam village, under the Tambaram Joint 1 SRO, and is classified as Residential Special Type - I.

How the guideline value of Judge Colony 3rd Street has changed

The guideline value for Judge Colony 3rd Street has seen several revisions over the years. The earliest recorded revision was in 2012, with a guideline value of Rs 4,000 per sq.ft. This figure remained the same in the 2012 revision and was followed by a decrease to Rs 2,680 per sq.ft in 2017. Subsequently, the value increased to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,400 per sq.ft in the latest 2024 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The most recent change from 2023 to 2024 reflects a 10% increase in the guideline value.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, positioning Judge Colony 3rd Street above this median.

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

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, totaling Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Judge Colony 3rd Street?

The Sub Registrar Office that covers Judge Colony 3rd Street is 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 plays a crucial role in the registration process when buying or selling property in Chitlapakkam. It serves as the basis for calculating the stamp duty and registration fees, which are mandatory for all property transactions.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to determine the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Judge Colony 3rd Street?

The current guideline value for Judge Colony 3rd 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 3rd Street?

Judge Colony 3rd Street is classified as Residential Special Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Judge Colony 3rd Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is stamp duty calculated for properties in Chitlapakkam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 44,00,000, the stamp duty would be calculated at 7% of that amount.