Guideline Value for S.R. Colony 4th Street

S.R. Colony 4th Street guideline value

The current guideline value of S.R. Colony 4th Street in Madambakkam village, under the Selaiyur SRO, is Rs 2,200 per sq.ft, effective from 1 July 2024. This street falls under the Residential Special Type - I land classification.

How the guideline value of S.R. Colony 4th Street has changed

The guideline value for S.R. Colony 4th Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which remained unchanged in the 2023 revision. The most recent revision in 2024 increased the guideline value to Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Madambakkam

In Madambakkam, there are 1151 streets under the Selaiyur SRO, with guideline values for 2024 ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median value is Rs 2,400 per sq.ft, placing S.R. Colony 4th Street's 2024 figure below that median.

• S.R. Colony 4th Cross Street: Rs 2,200 per sq.ft (2024)
• S.R. Colony 5th Cross Street: Rs 2,200 per sq.ft (2024)
• S.R. Colony 3rd Street: Rs 2,200 per sq.ft (2024)
• S.R. Colony 6th Cross Street: Rs 2,200 per sq.ft (2024)
• S.R. Colony 3rd Cross Street: Rs 2,200 per sq.ft (2024)
• S.R. Colony 6th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in S.R. Colony 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, leading to a total of Rs 1,98,000. 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 more details.

Which Sub Registrar Office covers S.R. Colony 4th Street?

The S.R. Colony 4th Street is covered by the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opposite to Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Madambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property. This value can influence negotiations and is essential for legal documentation during the transfer of ownership.

Frequently asked questions

What is the current guideline value of S.R. Colony 4th Street?

The current guideline value of S.R. Colony 4th Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 2,000 per sq.ft from 2012 to 2023, before increasing to Rs 2,200 per sq.ft in 2024. This represents a 10% increase from the previous year.

What are the other streets in Madambakkam with the same guideline value?

Other streets in Madambakkam, such as S.R. Colony 4th Cross Street, 5th Cross Street, 3rd Street, 6th Cross Street, 3rd Cross Street, and 6th Street, also have a guideline value of Rs 2,200 per sq.ft for 2024.

What is the registration fee for property in S.R. Colony 4th Street?

The registration fee for property in S.R. Colony 4th Street is 2% of the guideline value. For example, a property valued at Rs 22,00,000 would incur a registration fee of Rs 44,000.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073. You can find more information by visiting the appropriate link.