Guideline Value for TEACHERS COLONY 4TH STREET

Teachers Colony 4th Street guideline value

The current guideline value of Teachers Colony 4th Street is Rs 7,150 per sq.ft, effective from 1 July 2024. This street is located in Thiruvanmiyur village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Teachers Colony 4th Street has changed

The guideline value for Teachers Colony 4th Street has undergone several revisions over the years. In 2012, the value was Rs 6,500 per sq.ft, which then decreased to Rs 4,355 per sq.ft in 2017. Following this, the value saw a significant increase to Rs 6,500 per sq.ft in 2023, and then further increased to Rs 7,150 per sq.ft in the 2024 revision, marking a 10% rise from the previous year.

From 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median guideline value in this area is Rs 9,900 per sq.ft, placing Teachers Colony 4th Street's 2024 figure below that median.

• Teachers Colony 3rd Street: Rs 7,150 per sq.ft (2024)
• Teachers Colony 2nd Street: Rs 7,150 per sq.ft (2024)
• Teachers Colony (Jayaram Nagar): Rs 7,150 per sq.ft (2024)
• Teachers Colony 1st Street: Rs 7,150 per sq.ft (2024)
• Tamilnadu Sum Clearance Board: Rs 3,520 per sq.ft (2024)
• Thangal Butt Road: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Teachers Colony 4th Street

For a 1,000 sq.ft plot at the current guideline value, the total guideline value amounts to Rs 71,50,000. The stamp duty at 7% would be Rs 5,00,500, while the registration fee at 2% would be Rs 1,43,000, bringing the total cost together to Rs 6,43,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Teachers Colony 4th Street?

The Sub Registrar Office that covers Teachers Colony 4th 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. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Thiruvanmiyur. It serves as a benchmark for determining the stamp duty and registration fees payable at the time of sale or purchase.

When buyers and sellers engage in property transactions, the guideline value is used to ensure that the transaction is recorded at a fair value. This helps in maintaining transparency and accountability in real estate dealings.

Frequently asked questions

What is the current guideline value of Teachers Colony 4th Street?

The current guideline value of Teachers Colony 4th Street is Rs 7,150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 6,500 per sq.ft in 2012 to Rs 4,355 per sq.ft in 2017, then to Rs 6,500 per sq.ft in 2023, and finally to Rs 7,150 per sq.ft in 2024.

What is the land classification for Teachers Colony 4th Street?

Teachers Colony 4th Street is classified as Residential Class IV Type - I.

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

The Sub Registrar Office for Teachers Colony 4th Street is 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 this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 5,00,500.