Guideline Value for S.B.I. STAFF COLONY IV TH STREET

S.B.I. Staff Colony IV Th Street guideline value

The current guideline value of S.B.I. Staff Colony IV Th Street is Rs 6,000 per sq.ft, effective from 1 July 2024. This street is located in Arumbakkam village, under the Kodambakkam SRO, and is classified as Residential Special Type - II.

How the guideline value of S.B.I. Staff Colony IV Th Street has changed

Over the years, the guideline value for S.B.I. Staff Colony IV Th Street has seen significant changes. The 2007 revision recorded a value of Rs 1,350 per sq.ft, which increased to Rs 5,500 per sq.ft in the 2012 revision. However, the value then dropped to Rs 3,685 per sq.ft in 2017. From 2017 to 2023, the value rose sharply to Rs 5,500 per sq.ft, and in the most recent 2024 revision, it has reached Rs 6,000 per sq.ft, marking a 9% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 344%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Arumbakkam

In Arumbakkam, there are 391 streets under the Kodambakkam SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median value for these streets is Rs 6,000 per sq.ft, which aligns with the current guideline value of S.B.I. Staff Colony IV Th Street.

• S.B.I. Staff Colony I St Street: Rs 6,000 per sq.ft (2024)
• S.B.I. Staff Colony VI Th Street: Rs 6,000 per sq.ft (2024)
• S.B.I. Staff Colony II Nd Street: Rs 6,000 per sq.ft (2024)
• S.B.I. Staff Colony V Th Street: Rs 6,000 per sq.ft (2024)
• S.B.I. Staff Colony III Rd Street: Rs 6,000 per sq.ft (2024)
• S.B.I. Officer Colony I St Street: Rs 6,000 per sq.ft (2024)

Stamp duty and registration fee for property in S.B.I. Staff Colony IV Th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,000 per sq.ft, the total guideline value amounts to Rs 60,00,000. The stamp duty at 7% would be Rs 4,20,000, and the registration fee at 2% would be Rs 1,20,000, bringing the total to Rs 5,40,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers S.B.I. Staff Colony IV Th Street?

The S.B.I. Staff Colony IV Th Street falls under the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Arumbakkam. It serves as a benchmark for determining the minimum value at which properties can be sold and registered, ensuring transparency and standardization in property dealings.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial implications of their transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of S.B.I. Staff Colony IV Th Street?

The current guideline value of S.B.I. Staff Colony IV Th Street is Rs 6,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,350 per sq.ft in 2007 to Rs 6,000 per sq.ft in 2024, reflecting an overall increase of 344% over the years.

What is the land classification for S.B.I. Staff Colony IV Th Street?

S.B.I. Staff Colony IV Th Street is classified as Residential Special Type - II.

Where can I find the registration office for S.B.I. Staff Colony IV Th Street?

The registration office for S.B.I. Staff Colony IV Th Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is stamp duty calculated for properties in S.B.I. Staff Colony IV Th Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 60,00,000 would incur a stamp duty of Rs 4,20,000 at a rate of 7%.