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Guideline Value

Corporate

Guideline Value for TEACHER COLONY 1ST CROSS STREET

₹1430/sq.ft.

The guideline value for Teacher Colony 1st Cross Street in Sivabootham village (Chennai South Joint I SRO, Chennai zone) is Rs 1430 per sq.ft, effective 1 July 2024. It was Rs 1300 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sivabootham

Village

Chennai South Joint I

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1430 /sq.ft.
From 1-4-2023 ₹1300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹871 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1300 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Teacher Colony 1st Cross Street

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Teacher Colony 1st Cross Street guideline value

The current guideline value of Teacher Colony 1st Cross Street is Rs 1,430 per sq.ft, effective from 1 July 2024. This street is located in Sivabootham village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Teacher Colony 1st Cross Street has changed

The guideline value for Teacher Colony 1st Cross Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,430 per sq.ft, an increase of 10% from the 2023 revision of Rs 1,300 per sq.ft. Prior to that, the value was Rs 871 per sq.ft in 2017 and Rs 1,300 per sq.ft in 2012, reflecting a 49% increase from 2017 to 2023 and a decrease of 33% from 2012 to 2017. There are no figures available for the revisions in 2002, 2003, and 2007.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The fluctuations in the values highlight the changes in the property landscape in this area over the years.

Guideline values in Sivabootham

In Sivabootham, there are 39 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,120 to Rs 3,300 per sq.ft, with a median value of Rs 1,650 per sq.ft. The guideline value for Teacher Colony 1st Cross Street is below this median.

Stamp duty and registration fee for property in Teacher Colony 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,430 per sq.ft, the total guideline value would be Rs 14,30,000. The stamp duty at 7% would amount to Rs 1,00,100, and the registration fee at 2% would be Rs 28,600, making the total cost for these fees Rs 1,28,700. It is important to note that the duty is charged on either the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Teacher Colony 1st Cross Street?

The Teacher Colony 1st Cross Street 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 online for more information.

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

The guideline value is a crucial factor when buying or selling property in Sivabootham. It serves as the minimum value for property transactions, ensuring that properties are registered at a fair value in accordance with government regulations.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This process helps maintain transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Teacher Colony 1st Cross Street?

The current guideline value of Teacher Colony 1st Cross Street is Rs 1,430 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 871 per sq.ft in 2017 to Rs 1,300 per sq.ft in 2023, and now to Rs 1,430 per sq.ft in 2024, reflecting various increases and a decrease in previous years.

What is the registration office for Teacher Colony 1st Cross Street?

The registration office covering Teacher Colony 1st Cross Street is 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.

What are the stamp duty and registration fees for properties in this area?

Stamp duty is charged at 7% of the guideline value or sale price, and the registration fee is 2%. For example, for a 1,000 sq.ft property, the total fees can amount to Rs 1,28,700.

Where can I find more information about guideline values in Sivabootham?

More information about guideline values in Sivabootham can be found in the guideline value register maintained by the Registration Department.