Guideline Value for Postal Audit Colony

Postal Audit Colony guideline value

The current guideline value of Postal Audit Colony, located in Koyakbedu village under the AnnaNagar SRO, is Rs 4,900 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class II Type - II land classification.

How the guideline value of Postal Audit Colony has changed

The guideline value for Postal Audit Colony has seen several revisions over the years. In 2007, the value was Rs 1,500 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012, marking a 200% rise. However, it then decreased to Rs 3,015 per sq.ft in 2017, reflecting a drop of 33%. The value rose again to Rs 4,500 per sq.ft in 2023, and currently stands at Rs 4,900 per sq.ft from the 2024 revision, which is a 9% increase from the previous year.

There are no figures available for the revisions in the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 227%.

Guideline values in Koyakbedu

In Koyakbedu, there are 270 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median guideline value is Rs 4,400 per sq.ft, making the current value of Rs 4,900 per sq.ft for Postal Audit Colony above the median.

• Postal Audit Colony 1st Street: Rs 4,900 per sq.ft (2024)
• Postal Audit Colony 2nd Street: Rs 4,900 per sq.ft (2024)
• Postal Audit Colony Main Road: Rs 4,900 per sq.ft (2024)
• Poonamallee High Road to (Rohini Theatre to Arumbakkam Cemetry): Rs 16,500 per sq.ft (2024)
• Poonamallee High Road (Rohini Theatre To Nerkundram Village Starting Point 500 Mtrs): Rs 11,400 per sq.ft (2024)
• Ponnan Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Postal Audit Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, totaling Rs 4,41,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Postal Audit Colony?

The Postal Audit Colony falls under the jurisdiction of the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

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

During the registration process, the guideline value serves as a benchmark, ensuring that properties are not sold below a certain price. This helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Postal Audit Colony?

The current guideline value of Postal Audit Colony is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of 227% over the years.

What is the median guideline value in Koyakbedu?

The median guideline value in Koyakbedu is Rs 4,400 per sq.ft, with Postal Audit Colony's current value being above this median.

What are the stamp duty and registration fees for properties in Postal Audit Colony?

For a property valued at Rs 49,00,000, the stamp duty would be Rs 3,43,000 and the registration fee would be Rs 98,000, totaling Rs 4,41,000.

Where can I find the Sub Registrar Office for Postal Audit Colony?

The Sub Registrar Office covering Postal Audit Colony is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.