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Guideline Value

Corporate

Guideline Value for TEACHER COLONY MAIN RAOD

₹1430/sq.ft.

The guideline value for Teacher Colony Main Raod 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 Main Raod

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Teacher Colony Main Raod guideline value

The current guideline value of Teacher Colony Main Raod 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 Main Raod has changed

The guideline value for Teacher Colony Main Raod has undergone several revisions over the years. The 2012 revision set the value at Rs 1,300 per sq.ft, which was then reduced to Rs 871 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,300 per sq.ft, and the most recent 2024 revision has set it at Rs 1,430 per sq.ft, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Sivabootham

Sivabootham village has 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 Main Raod is below this median.

Stamp duty and registration fee for property in Teacher Colony Main Raod

For a 1,000 sq.ft plot at the current guideline value of Rs 1,430 per sq.ft, the total guideline value is 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, bringing the total fees to 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.

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

Which Sub Registrar Office covers Teacher Colony Main Raod?

The Teacher Colony Main Raod is covered 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. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Sivabootham. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the duty is charged on the higher of the two. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Teacher Colony Main Raod?

The current guideline value of Teacher Colony Main Raod 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 1,300 per sq.ft in 2023 to Rs 1,430 per sq.ft in 2024, marking a 10% increase. It was Rs 871 per sq.ft in 2017 and Rs 1,300 per sq.ft in 2012.

What is the land classification for Teacher Colony Main Raod?

The land classification for Teacher Colony Main Raod is Residential Class II Type - I.

Where can I find the registration office for Teacher Colony Main Raod?

The registration office for Teacher Colony Main Raod 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.

How is the stamp duty calculated for properties in Sivabootham?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 14,30,000 would incur a stamp duty of Rs 1,00,100 at 7%.