Guideline Value for TEACHERS COLONY 2nd CROSS STREET

TEACHERS COLONY 2nd CROSS STREET guideline value

The current guideline value for TEACHERS COLONY 2nd CROSS STREET is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Enjambakkam village under the Neelankarai SRO, classified as Residential Class I Type - I.

How the guideline value of TEACHERS COLONY 2nd CROSS STREET has changed

The guideline value for TEACHERS COLONY 2nd CROSS STREET has seen several revisions over the years. In 2003, the guideline value was Rs 190 per sq.ft, which increased significantly to Rs 750 per sq.ft in 2007. The value then rose dramatically by 367% to Rs 3,500 per sq.ft in 2012. However, it decreased by 33% to Rs 2,345 per sq.ft in 2017. The value then increased by 49% to Rs 3,500 per sq.ft in 2023, before reaching the current figure of Rs 3,900 per sq.ft in the 2024 revision, an increase of 11% from the previous year.

It is important to note that the register has no figure for TEACHERS COLONY 2nd CROSS STREET in 2002. Overall, from 2003 to 2024, the guideline value has increased by 1953%.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 7,200 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, placing TEACHERS COLONY 2nd CROSS STREET above this median.

• TEACHERS COLONY 1st CROSS STREET: Rs 3,900 per sq.ft (2024)
• TEACHERS COLONY 3rd CROSS STREET: Rs 3,900 per sq.ft (2024)
• TEACHERS COLONY 4th CROSS STREET: Rs 3,900 per sq.ft (2024)
• Teachers Colony Main Road: Rs 4,500 per sq.ft (2024)
• Thandai Periyar Street: Rs 2,200 per sq.ft (2024)
• Swaminathan Salai: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in TEACHERS COLONY 2nd CROSS STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, while the registration fee at 2% would be Rs 78,000. Together, the total cost for stamp duty and registration would be Rs 3,51,000. 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 TEACHERS COLONY 2nd CROSS STREET?

The TEACHERS COLONY 2nd CROSS STREET falls under the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Enjambakkam. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When registering a property, buyers must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of TEACHERS COLONY 2nd CROSS STREET?

The current guideline value of TEACHERS COLONY 2nd CROSS STREET is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 190 per sq.ft in 2003 to Rs 3,900 per sq.ft in 2024, marking an overall increase of 1953% over this period.

What is the median guideline value in Enjambakkam?

The median guideline value in Enjambakkam is Rs 2,200 per sq.ft, with TEACHERS COLONY 2nd CROSS STREET's current value being above this median.

What are the stamp duty and registration fees for properties in TEACHERS COLONY 2nd CROSS STREET?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 3,51,000.

Which office handles the registration for TEACHERS COLONY 2nd CROSS STREET?

The Neelankarai Sub Registrar Office handles the registration for TEACHERS COLONY 2nd CROSS STREET, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.