Guideline Value for S.R. Colony 5th Cross Street

S.R. Colony 5th Cross Street guideline value

The current guideline value of S.R. Colony 5th Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village under the Selaiyur SRO, classified as Residential Special Type - I.

How the guideline value of S.R. Colony 5th Cross Street has changed

Over the years, the guideline value for S.R. Colony 5th Cross Street has experienced several revisions. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, which marks a 10% increase from the 2023 revision of Rs 2,000 per sq.ft. Prior to that, the guideline value remained unchanged from the 2012 revision, which was also Rs 2,000 per sq.ft.

The register has no figures for the revisions in 2002, 2003, 2007, and 2017. 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 that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median value is Rs 2,400 per sq.ft, indicating that the guideline value for S.R. Colony 5th Cross Street is below this median.

• S.R. Colony 4th Street: Rs 2,200 per sq.ft (2024)
• S.R. Colony 6th Cross Street: Rs 2,200 per sq.ft (2024)
• S.R. Colony 4th Cross Street: Rs 2,200 per sq.ft (2024)
• S.R. Colony 6th Street: Rs 2,200 per sq.ft (2024)
• S.R. Colony 3rd Street: Rs 2,200 per sq.ft (2024)
• S.R. Colony 7th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in S.R. Colony 5th Cross 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, bringing the total cost to 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 our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers S.R. Colony 5th Cross Street?

The S.R. Colony 5th Cross Street is covered by the Selaiyur Sub Registrar Office located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, 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 during the registration of 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 parties understand the value of the property in the eyes of the law. It is essential to consult the latest guideline values to ensure compliance with local regulations during the transaction process.

Frequently asked questions

What is the current guideline value of S.R. Colony 5th Cross Street?

The current guideline value of S.R. Colony 5th Cross 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, and it increased to Rs 2,200 per sq.ft in 2024, marking a 10% increase from the previous year.

What is the land classification of S.R. Colony 5th Cross Street?

S.R. Colony 5th Cross Street is classified as Residential Special Type - I under the current regulations.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated for properties in S.R. Colony 5th Cross Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000.