Guideline Value for TEACHERS COLONY 4th CROSS STREET

TEACHERS COLONY 4th CROSS STREET guideline value

The current guideline value of TEACHERS COLONY 4th 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, and is classified as Residential Class I Type - I.

How the guideline value of TEACHERS COLONY 4th CROSS STREET has changed

The guideline value for TEACHERS COLONY 4th CROSS STREET has undergone several revisions over the years. In 2003, the guideline value was Rs 190 per sq.ft. This increased significantly to Rs 750 per sq.ft in 2007, marking a rise of 295%. The value then saw a substantial jump to Rs 3,500 per sq.ft in 2012, which represented an increase of 367%. However, from 2012 to 2017, the value decreased by 33%, settling at Rs 2,345 per sq.ft. The next revision in 2023 brought the value up to Rs 3,500 per sq.ft, a change of 49%. Most recently, the guideline value was revised to Rs 3,900 per sq.ft in 2024, reflecting an increase of 11% from the previous year.

It is important to note that there is no figure for TEACHERS COLONY 4th CROSS STREET in the 2002 revision. 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 that carry a 2024 guideline value ranging from Rs 1,100 to Rs 7,200 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, positioning TEACHERS COLONY 4th CROSS STREET above this median.

• TEACHERS COLONY 3rd CROSS STREET: Rs 3,900 per sq.ft (2024)
• TEACHERS COLONY 2nd CROSS STREET: Rs 3,900 per sq.ft (2024)
• TEACHERS COLONY 1st 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 4th 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 amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total charges to 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.

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

Which Sub Registrar Office covers TEACHERS COLONY 4th CROSS STREET?

The Sub Registrar Office that covers TEACHERS COLONY 4th CROSS STREET is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process for property transactions in Enjambakkam. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when buying or selling property in the area.

When a property is sold, the guideline value is used to ensure that the transaction is registered at a fair value, which helps in maintaining transparency in real estate transactions. Buyers and sellers should be aware of the guideline value to understand the costs involved in the registration process.

Frequently asked questions

What is the current guideline value of TEACHERS COLONY 4th CROSS STREET?

The current guideline value of TEACHERS COLONY 4th 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 over the years, from Rs 190 per sq.ft in 2003 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 1953% since 2003.

What is the land classification for TEACHERS COLONY 4th CROSS STREET?

TEACHERS COLONY 4th CROSS STREET is classified as Residential Class I Type - I.

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

For a property valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000 and the registration fee would be Rs 78,000, totaling Rs 3,51,000.

Where can I find the Sub Registrar Office for TEACHERS COLONY 4th CROSS STREET?

The Sub Registrar Office for TEACHERS COLONY 4th CROSS STREET is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.