Guideline Value for Judge Colony 4th Street

Judge Colony 4th Street guideline value

The current guideline value of Judge Colony 4th 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 4th Street has changed

The guideline value for Judge Colony 4th Street has seen several revisions over the years. In 2012, the guideline value was Rs 4,000 per sq.ft, which decreased to Rs 2,680 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back up to Rs 4,000 per sq.ft. The most recent revision in 2024 set the value at Rs 4,400 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, comparing the figures from 2012 to 2024, there has been a 10% increase in the guideline value.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO with a 2024 guideline value 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, making the 2024 guideline value for Judge Colony 4th Street above this median.

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

Stamp duty and registration fee for property in Judge Colony 4th 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, and the registration fee at 2% would be Rs 88,000, bringing the total charges to Rs 3,96,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Judge Colony 4th Street?

The Sub Registrar Office that covers Judge Colony 4th 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 details.

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

The guideline value plays a crucial role in the registration process of property transactions in Chitlapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the legal framework governing the transaction. It is important for buyers and sellers to be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of Judge Colony 4th 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 back 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 4th Street?

The land classification for Judge Colony 4th Street is Residential Special Type - I.

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

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles property registrations for Judge Colony 4th Street?

The Tambaram Joint 1 Sub Registrar Office handles property registrations for Judge Colony 4th Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.