Guideline Value for TNCPDA COLONY EXTENSION

Tncpda Colony Extension guideline value

The current guideline value for Tncpda Colony Extension, located in Karikili village under the Salavakkam SRO, is Rs 150 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area is classified as Mixed Type - III.

How the guideline value of Tncpda Colony Extension has changed

In the 2012 revision, the guideline value was set at Rs 150 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 100 per sq.ft, reflecting a decrease of 33%. The 2023 revision brought the value back to Rs 150 per sq.ft, with no change from the previous year. The current 2024 revision also maintains the value at Rs 150 per sq.ft, showing no increase from 2023.

Overall, from the 2012 revision to the 2024 revision, the guideline value has remained stable at Rs 150 per sq.ft. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Karikili

In Karikili village, there are 12 streets under the Salavakkam SRO that have a 2024 guideline value ranging from Rs 100 to Rs 150 per sq.ft, with a median value of Rs 116 per sq.ft. Tncpda Colony Extension's 2024 guideline value is above this median.

• Tncpda Colony: Rs 120 per sq.ft (2024)
• Veders Garden: Rs 120 per sq.ft (2024)
• Thangam Nagar: Rs 100 per sq.ft (2024)
• Vijay Raja Nest: Rs 100 per sq.ft (2024)
• Nemichand Park: Rs 100 per sq.ft (2024)
• Madura Nagar: Rs 111 per sq.ft (2024)

Stamp duty and registration fee for property in Tncpda Colony Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, resulting in a total of Rs 13,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Tncpda Colony Extension?

The Sub Registrar Office that covers Tncpda Colony Extension is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Karikili. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on an official valuation rather than the sale price alone.

When buying or selling property, the guideline value helps both parties understand the minimum value recognized by the government. This value is essential for determining the legal and financial obligations associated with property transactions in the area.

Frequently asked questions

What is the current guideline value for Tncpda Colony Extension?

The current guideline value for Tncpda Colony Extension is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes: it was Rs 150 per sq.ft in 2012, dropped to Rs 100 per sq.ft in 2017, and returned to Rs 150 per sq.ft in both 2023 and 2024.

What is the land classification for Tncpda Colony Extension?

Tncpda Colony Extension is classified as Mixed Type - III, which indicates the nature of land use in the area.

Where is the Salavakkam Sub Registrar Office located?

The Salavakkam Sub Registrar Office is located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Tncpda Colony Extension?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot at Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000, resulting in a stamp duty of Rs 10,500.