Guideline Value for TEACHERS COLONY KAKKANJI NAGAR

Teachers Colony Kakkanji Nagar guideline value

The current guideline value of Teachers Colony Kakkanji Nagar is Rs 988 per sq.ft, effective from 1 July 2024. This area is located in Thandurai village under the Avadi SRO, with a land classification of Residential Class II Type - I.

How the guideline value of Teachers Colony Kakkanji Nagar has changed

The guideline value for Teachers Colony Kakkanji Nagar has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 67 per sq.ft. This increased significantly to Rs 77 per sq.ft in 2003, marking a change of +15%. The value saw a dramatic rise to Rs 478 per sq.ft in 2007, which was an increase of +521%. In 2012, the value remained at Rs 900 per sq.ft, reflecting no figure for this street during that revision. The 2017 revision saw the value drop to Rs 603 per sq.ft, a decrease of -33%. The most recent revisions include Rs 900 per sq.ft in 2023, followed by the current value of Rs 988 per sq.ft in 2024, which is a +10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +1375%. The significant changes between revisions illustrate the fluctuations in the guideline value over the years, with no figures available for some revisions.

Guideline values in Thandurai

In Thandurai village, there are 331 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 2,640 per sq.ft. The median value is Rs 988 per sq.ft, which is equal to the current guideline value of Teachers Colony Kakkanji Nagar.

• Thandurai Earikarai: Rs 800 per sq.ft (2024)
• Sushil Franchis St (Ambedkar Nagar): Rs 800 per sq.ft (2024)
• Thanner Kinaru St: Rs 988 per sq.ft (2024)
• Thendral Avenue: Rs 800 per sq.ft (2024)
• Thendral Nagar: Rs 988 per sq.ft (2024)
• The P.T.M.S.Street(Ambedkar Nagar): Rs 988 per sq.ft (2024)

Stamp duty and registration fee for property in Teachers Colony Kakkanji Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 988 per sq.ft, the total guideline value amounts to Rs 9,88,000. The stamp duty is charged at 7%, which totals Rs 69,160, while the registration fee is at 2%, amounting to Rs 19,760. Therefore, the total cost for stamp duty and registration fee together is Rs 88,920. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Teachers Colony Kakkanji Nagar?

The Teachers Colony Kakkanji Nagar area falls under the Avadi Sub Registrar Office. The office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thandurai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is registered, the guideline value is used to calculate the applicable fees, which are based on the higher of the guideline value or the sale price. 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 Teachers Colony Kakkanji Nagar?

The current guideline value of Teachers Colony Kakkanji Nagar is Rs 988 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 67 per sq.ft in 2002 to Rs 988 per sq.ft in 2024, reflecting an overall increase of +1375% over the years.

What are the stamp duty rates for property in Teachers Colony Kakkanji Nagar?

The stamp duty for property transactions in Teachers Colony Kakkanji Nagar is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Teachers Colony Kakkanji Nagar?

The Sub Registrar Office for Teachers Colony Kakkanji Nagar is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the land classification of Teachers Colony Kakkanji Nagar?

Teachers Colony Kakkanji Nagar is classified as Residential Class II Type - I, indicating its designation for residential use within the area.