Guideline Value for S.R. Colony 6th Street

S.R. Colony 6th Street guideline value

The current guideline value of S.R. Colony 6th 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 the land classification is Residential Special Type - I.

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

The guideline value for S.R. Colony 6th Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, which is an increase from the 2023 revision of Rs 2,000 per sq.ft, marking a 10% rise. Prior to that, the 2012 revision also recorded a value of Rs 2,000 per sq.ft, indicating no change from 2012 to 2023. The register does not have 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%. This consistent value during the 2012 to 2023 period reflects stability in the guideline value for this street before the recent increase.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 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 of S.R. Colony 6th Street is below this median.

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

Stamp duty and registration fee for property in S.R. Colony 6th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total 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 precise calculations based on your property details.

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

The Sub Registrar Office that covers S.R. Colony 6th Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp 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 when registering property transactions in Madambakkam. It serves as a benchmark for determining the minimum value at which a property can be sold or transferred, ensuring that the transaction is recorded accurately for taxation and legal purposes.

When buyers and sellers agree on a sale price, the registration office will assess the guideline value to calculate applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions, reflecting the property's official value in the area.

Frequently asked questions

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

The current guideline value of S.R. Colony 6th 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 reflects a 10% increase from the previous year.

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

The land classification for S.R. Colony 6th Street is Residential Special Type - I, indicating its intended use for residential purposes.

Where can I find more information about stamp duty and registration fees?

For detailed calculations regarding stamp duty and registration fees, you can use our stamp duty and registration fee calculator.

Which office handles registrations for S.R. Colony 6th Street?

The Selaiyur Sub Registrar Office handles registrations for S.R. Colony 6th Street. It is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.