Guideline Value for S.R. Colony 6th Cross Street

S.R. Colony 6th Cross Street guideline value

The current guideline value of S.R. Colony 6th 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, and it is classified as Residential Special Type - I.

How the guideline value of S.R. Colony 6th Cross Street has changed

The guideline value for S.R. Colony 6th Cross Street has seen several revisions over the years. In the 2012 revision, the value was Rs 2,000 per sq.ft. This remained unchanged until the 2023 revision, where it was still recorded at Rs 2,000 per sq.ft. However, in the 2024 revision, the guideline value increased by 10% to Rs 2,200 per sq.ft.

There are no recorded figures for the years 2002, 2003, 2007, and 2017 for this street. Overall, from the 2012 revision to the 2024 revision, 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, with a median value of Rs 2,400 per sq.ft. The guideline value for S.R. Colony 6th Cross Street is below this median.

• S.R. Colony 5th Cross Street: Rs 2,200 per sq.ft (2024)
• S.R. Colony 6th Street: Rs 2,200 per sq.ft (2024)
• S.R. Colony 4th Street: Rs 2,200 per sq.ft (2024)
• S.R. Colony 7th Street: Rs 2,200 per sq.ft (2024)
• S.R. Colony 4th Cross Street: Rs 2,200 per sq.ft (2024)
• S.R. Colony 8th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in S.R. Colony 6th 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, making the total cost 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers S.R. Colony 6th Cross Street?

The S.R. Colony 6th Cross Street falls under 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 details.

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

The guideline value is a critical factor during property registration in Madambakkam. It determines the minimum price at which a property can be registered, ensuring that the transaction is recorded at a value that reflects the market conditions set by the government.

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

Frequently asked questions

What is the current guideline value for S.R. Colony 6th Cross Street?

The current guideline value for S.R. Colony 6th 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 changed from Rs 2,000 per sq.ft in 2012 to Rs 2,200 per sq.ft in 2024, representing a 10% increase. There were no changes recorded for the years 2003, 2007, and 2017.

What is the land classification for S.R. Colony 6th Cross Street?

S.R. Colony 6th Cross Street is classified as Residential Special Type - I, indicating its designation for residential purposes.

What are the stamp duty rates for properties in this area?

The stamp duty for properties in S.R. Colony 6th Cross Street is charged at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for S.R. Colony 6th Cross Street?

The Sub Registrar Office covering S.R. Colony 6th Cross Street is located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.