Guideline Value for TEACHERS GUILD CITY PHASE-I

Teachers Guild City Phase-I guideline value

The current guideline value for Teachers Guild City Phase-I is Rs 740 per sq.ft, effective from 1 July 2024. This property is located in Padappai village, under the Padappai SRO, and falls under the Residential Class III Type - III land classification.

How the guideline value of Teachers Guild City Phase-I has changed

The guideline value for Teachers Guild City Phase-I has undergone several revisions over the years. The register shows no figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 670 per sq.ft, which was then increased to Rs 740 per sq.ft in the 2024 revision, marking a change of +10%.

In summary, the guideline value has increased from Rs 670 per sq.ft in 2023 to Rs 740 per sq.ft in 2024. This increase reflects the latest adjustments made in the guideline value register.

Guideline values in Padappai

In Padappai, there are 146 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 4,000 per sq.ft. The median value for these streets is Rs 830 per sq.ft, indicating that the guideline value for Teachers Guild City Phase-I is below this median.

• Thanthoniamman Koil Street: Rs 830 per sq.ft (2024)
• Thavan Nagar: Rs 830 per sq.ft (2024)
• Sundar Nagar: Rs 830 per sq.ft (2024)
• Sundara Vinayagar Koil Street: Rs 830 per sq.ft (2024)
• Sumathi Nagar S.No.320/4, 4a(Part): Rs 830 per sq.ft (2024)
• Sumathi Nagar: Rs 830 per sq.ft (2024)

Stamp duty and registration fee for property in Teachers Guild City Phase-I

For a 1,000 sq.ft plot at the current guideline value of Rs 740 per sq.ft, the total guideline value amounts to Rs 7,40,000. The stamp duty at 7% would be Rs 51,800, and the registration fee at 2% would be Rs 14,800, totaling Rs 66,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Teachers Guild City Phase-I?

The Sub Registrar Office that covers Teachers Guild City Phase-I is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor used during the registration of property transactions in Padappai. It serves as a basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the official value of the property for registration purposes. This value is essential for both buyers and sellers to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Teachers Guild City Phase-I?

The current guideline value of Teachers Guild City Phase-I is Rs 740 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 670 per sq.ft in 2023 to Rs 740 per sq.ft in 2024, reflecting a 10% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Padappai?

The median guideline value for streets in Padappai is Rs 830 per sq.ft. Teachers Guild City Phase-I's current guideline value is below this median.

What are the stamp duty and registration fees for property in Teachers Guild City Phase-I?

For a plot of 1,000 sq.ft at the current guideline value, the total guideline value is Rs 7,40,000. The stamp duty would be Rs 51,800, and the registration fee would be Rs 14,800, totaling Rs 66,600.

Where is the Sub Registrar Office for Teachers Guild City Phase-I located?

The Sub Registrar Office for Teachers Guild City Phase-I is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.