Guideline Value for LABOUR COLONY 5TH CROSS STREET

Labour Colony 5th Cross Street guideline value

The current guideline value of Labour Colony 5th Cross Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Pallikaranai village under the Chennai South Joint I SRO and is classified as Residential Class IV Type - I.

How the guideline value of Labour Colony 5th Cross Street has changed

The guideline value for Labour Colony 5th Cross Street has undergone several revisions over the years. The oldest revision available is from 2012, which set the value at Rs 1,500 per sq.ft. This was followed by the 2024 revision, which increased the guideline value to Rs 1,650 per sq.ft, marking a 10% increase from the 2012 figure.

There are no figures available for the revisions in 2023, 2017, 2007, 2003, and 2002 for this street. Therefore, the only recorded changes are from 2012 to 2024.

Guideline values in Pallikaranai

In Pallikaranai, there are a total of 749 streets under the Chennai South Joint I SRO that have a guideline value for 2024, ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, which is equal to the guideline value of Labour Colony 5th Cross Street.

• Labour Colony 1st Cross Street: Rs 1,650 per sq.ft (2024)
• Labour Colony 2nd Cross Street: Rs 1,650 per sq.ft (2024)
• Labour Colony 3rd Cross Street: Rs 1,650 per sq.ft (2024)
• Labour Colony 4th Cross Street: Rs 1,650 per sq.ft (2024)
• Labour Colony 6th Street: Rs 1,650 per sq.ft (2024)
• Lakeview Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Labour Colony 5th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, leading to a total of Rs 1,48,500. Please 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 further calculations.

Which Sub Registrar Office covers Labour Colony 5th Cross Street?

The Labour Colony 5th Cross Street falls under the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Pallikaranai. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue based on the established values for properties in the area.

Frequently asked questions

What is the current guideline value of Labour Colony 5th Cross Street?

The current guideline value of Labour Colony 5th Cross Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 1,500 per sq.ft in 2012 to Rs 1,650 per sq.ft in 2024, marking a 10% increase. There are no recorded figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the land classification for Labour Colony 5th Cross Street?

Labour Colony 5th Cross Street is classified as Residential Class IV Type - I. This classification indicates the type of development and usage permitted in the area.

Where can I find the registration office for Labour Colony 5th Cross Street?

The registration office for Labour Colony 5th Cross Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What are the stamp duty and registration fees based on the guideline value?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 at 7%, and the registration fee would be Rs 33,000 at 2%. The total fees would amount to Rs 1,48,500.