Guideline Value for SBI OFFICERS COLONY

Sbi Officers Colony guideline value

The current guideline value for Sbi Officers Colony, located in Puliyur village under the Kodambakkam SRO, is Rs 7,100 per sq.ft as per the 2024 revision effective from 1 July 2024. This area is classified as Residential Special Type - II.

How the guideline value of Sbi Officers Colony has changed

Over the years, the guideline value of Sbi Officers Colony has seen significant changes. In the 2003 revision, the value was Rs 1,166 per sq.ft, which increased to Rs 1,650 per sq.ft in 2007, marking a change of +42%. The value then surged to Rs 6,500 per sq.ft in both 2012 and 2023, showing a remarkable increase of +294% from 2007 to 2012. The most recent revision in 2024 set the guideline value at Rs 7,100 per sq.ft, reflecting a +9% increase from the previous year.

It is important to note that there are no figures recorded for the years 2002 and 2017 for this street. Overall, from 2003 to 2024, the guideline value has increased by +509%.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft, with a median value of Rs 5,800 per sq.ft. The guideline value for Sbi Officers Colony is above this median.

• School Road (Pallikoodam Salai): Rs 5,800 per sq.ft (2024)
• Sathyapuri Street: Rs 7,100 per sq.ft (2024)
• Sathya Narayanan Street: Rs 5,800 per sq.ft (2024)
• Sathya Narayanan Lane: Rs 5,800 per sq.ft (2024)
• Sathyamurthy Street: Rs 4,400 per sq.ft (2024)
• Sasthri Nagar: Rs 5,800 per sq.ft (2024)

Stamp duty and registration fee for property in Sbi Officers Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value would be Rs 71,00,000. The stamp duty at 7% would amount to Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, making the total charges Rs 6,39,000. 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 Sbi Officers Colony?

The Sbi Officers Colony falls under the jurisdiction of 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 Puliyur

The guideline value is a crucial factor when it comes to the registration of property in Puliyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. These fees are based on the higher of the guideline value or the sale price, ensuring that the registration process is transparent and fair.

Frequently asked questions

What is the current guideline value of Sbi Officers Colony?

The current guideline value of Sbi Officers Colony is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,166 per sq.ft in 2003 to Rs 7,100 per sq.ft in 2024, showing an overall increase of +509% over the years.

What is the land classification for Sbi Officers Colony?

Sbi Officers Colony is classified as Residential Special Type - II, which indicates the nature of development allowed in this area.

Where is the Kodambakkam Sub Registrar Office located?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is the stamp duty calculated for properties in Sbi Officers Colony?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 71,00,000 would incur a stamp duty of Rs 4,97,000 at 7%.