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Guideline Value

Corporate

Guideline Value for TEACHER COLONY 2ND CROSS STREET

₹1430/sq.ft.

The guideline value for Teacher Colony 2nd 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 2nd Cross Street

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Teacher Colony 2nd Cross Street guideline value

The current guideline value for Teacher Colony 2nd 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 2nd Cross Street has changed

The guideline value for Teacher Colony 2nd Cross Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,300 per sq.ft, which was followed by a decrease to Rs 871 per sq.ft in 2017. However, the value saw a significant increase to Rs 1,300 per sq.ft in the 2023 revision, and it rose further to Rs 1,430 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the value increased by 49%, while the change from 2012 to 2017 was a decrease of 33%. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 10%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sivabootham

In Sivabootham, there are 39 streets under the Chennai South Joint I SRO that have 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 2nd Cross Street is below this median.

Stamp duty and registration fee for property in Teacher Colony 2nd 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 be Rs 1,00,100, and the registration fee at 2% would be Rs 28,600, making the total amount Rs 1,28,700. 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 Teacher Colony 2nd Cross Street?

The Teacher Colony 2nd 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 for further assistance.

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

The guideline value is a critical factor during property registration in Sivabootham. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must be aware of this value to ensure compliance with registration requirements.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees. These fees are based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Teacher Colony 2nd Cross Street?

The current guideline value of Teacher Colony 2nd 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 seen several revisions, with the most recent being Rs 1,430 per sq.ft in 2024, up from Rs 1,300 per sq.ft in 2023. The value increased by 49% from Rs 871 per sq.ft in 2017 to Rs 1,300 per sq.ft in 2023.

What is the land classification for Teacher Colony 2nd Cross Street?

Teacher Colony 2nd Cross Street is classified as Residential Class II Type - I. This classification indicates the type of development permissible in this area.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Teacher Colony 2nd Cross Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find more information online.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total fee of Rs 1,28,700.