Guideline Value for Police Colony

Police Colony guideline value

The current guideline value of Police Colony in Urapakkam village is Rs 1,200 per sq.ft, as per the 2023 revision. This area falls under the Gooduvancheri SRO and is classified as Residential Special Type - I.

How the guideline value of Police Colony has changed

The guideline value for Police Colony has seen several revisions over the years. In 2007, the value was set at Rs 400 per sq.ft, which increased significantly to Rs 1,200 per sq.ft in 2012, marking a 200% increase. However, in the subsequent revision in 2017, the value dropped to Rs 804 per sq.ft, representing a decline of 33%.

As of the latest revision in 2023, the guideline value has risen again to Rs 1,200 per sq.ft. This change from 2017 to 2023 reflects an increase of 49%. Overall, from 2007 to 2023, the guideline value has increased by 200%. The register has no figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Urapakkam

Currently, there are no specific village figures provided for Urapakkam. The guideline value for Police Colony is Rs 1,200 per sq.ft. There are no other streets in Urapakkam under the Gooduvancheri SRO listed.

Stamp duty and registration fee for property in Police Colony

For a 1,000 sq.ft plot at the current rate of Rs 1,200 per sq.ft, the guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total fees to Rs 1,08,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Police Colony?

The Gooduvancheri Sub Registrar Office covers Police Colony. The office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Urapakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duties are calculated based on the guideline value or the sale price, whichever is higher.

When a property is sold, the guideline value helps in ensuring that the transaction is transparent and fair, as it provides a standardized value for properties within the area. This value is regularly revised to reflect changes in the real estate market.

Frequently asked questions

What is the current guideline value of Police Colony?

The current guideline value of Police Colony is Rs 1,200 per sq.ft, according to the 2023 revision.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 400 per sq.ft to Rs 1,200 per sq.ft in 2012, dropped to Rs 804 per sq.ft in 2017, and returned to Rs 1,200 per sq.ft in 2023.

What is the land classification for Police Colony?

Police Colony is classified as Residential Special Type - I.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty is charged at 7% and the registration fee at 2% of the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 1,08,000.