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

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

The current guideline value for S.B.I. Staff Colony V 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, classified as Residential Special Type - II.

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

Over the years, the guideline value for S.B.I. Staff Colony V Th Street has seen significant changes. The 2007 revision recorded a guideline value of Rs 1,350 per sq.ft, which increased to Rs 5,500 per sq.ft in the 2012 revision. However, this value decreased by 33% to Rs 3,685 per sq.ft in the 2017 revision. The 2023 revision saw a substantial increase of 49%, bringing the value to Rs 5,500 per sq.ft, and the most recent 2024 revision further increased it to Rs 6,000 per sq.ft, marking a 9% rise.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. The overall change from the 2007 revision to the 2024 revision reflects a significant increase of 344% in the guideline value.

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 is equal to the guideline value for S.B.I. Staff Colony V Th Street.

• S.B.I. Staff Colony VI Th Street: Rs 6,000 per sq.ft (2024)
• S.B.I. Staff Colony IV Th Street: Rs 6,000 per sq.ft (2024)
• S.B.I. Staff Colony I St 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 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 V 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, leading to a total of 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.

You can use the stamp duty and registration fee calculator for further calculations.

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

The S.B.I. Staff Colony V Th Street is covered by 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 buying or selling property in Arumbakkam. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When registering a property, buyers and sellers must consider the guideline value to determine the applicable fees. This ensures transparency and compliance with local regulations during property transactions.

Frequently asked questions

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

The current guideline value of S.B.I. Staff Colony V 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 are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 4,20,000 and the registration fee would be Rs 1,20,000, totaling Rs 5,40,000.

Which office handles registrations for S.B.I. Staff Colony V Th Street?

The Kodambakkam Sub Registrar Office handles registrations for S.B.I. Staff Colony V Th Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

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

S.B.I. Staff Colony V Th Street is classified as Residential Special Type - II, indicating its intended use for residential purposes.