Guideline Value for Sardar Colony 4th Lane

Sardar Colony 4th Lane guideline value

The current guideline value of Sardar Colony 4th Lane is Rs 3,080 per sq.ft, effective from 1 July 2024. This street is located in Ekkaduthangal village, under the Chennai South Joint I SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Sardar Colony 4th Lane has changed

The guideline value for Sardar Colony 4th Lane has seen several revisions over the years. In 2012, the value was Rs 2,800 per sq.ft. This figure was then revised to Rs 1,876 per sq.ft in 2017, a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 2,800 per sq.ft, marking a 49% rise. The most recent revision in 2024 sees the guideline value set at Rs 3,080 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Ekkaduthangal

In Ekkaduthangal, there are 190 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 3,080 to Rs 8,800 per sq.ft. The median value for these streets is Rs 4,620 per sq.ft, placing Sardar Colony 4th Lane below that median.

• Sardar Colony 3rd Street: Rs 3,080 per sq.ft (2024)
• Sardar Colony Ist Street: Rs 3,080 per sq.ft (2024)
• Sardar Colony 3rd Lane: Rs 3,080 per sq.ft (2024)
• Sardar Colony 2nd Street: Rs 3,080 per sq.ft (2024)
• Sardar Colony 2nd Lane: Rs 3,080 per sq.ft (2024)
• Sardar Colony 1st Main Road: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Sardar Colony 4th Lane

For a 1,000 sq.ft plot at the current rate of Rs 3,080 per sq.ft, the guideline value amounts to Rs 30,80,000. The stamp duty at 7% would be Rs 2,15,600, and the registration fee at 2% would be Rs 61,600, totaling Rs 2,77,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sardar Colony 4th Lane?

The Sardar Colony 4th Lane falls under the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Ekkaduthangal, as it determines the minimum value at which a property can be registered. It is used to calculate the stamp duty and registration fees payable during the transaction.

When registering a property, buyers must ensure that the sale price is equal to or higher than the guideline value. This ensures compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Sardar Colony 4th Lane?

The current guideline value of Sardar Colony 4th Lane is Rs 3,080 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,800 per sq.ft in 2012 to Rs 1,876 per sq.ft in 2017, then to Rs 2,800 per sq.ft in 2023, and finally to Rs 3,080 per sq.ft in 2024.

What is the land classification for Sardar Colony 4th Lane?

Sardar Colony 4th Lane is classified as Residential Class IV Type - I.

What are the registration fees for property in Sardar Colony 4th Lane?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Which office handles the registration for Sardar Colony 4th Lane?

The registration for Sardar Colony 4th Lane is handled by the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.