Guideline Value for TNCPDA COLONY

Tncpda Colony guideline value

The current guideline value of Tncpda Colony in Karikili village, under the Salavakkam SRO, is Rs 120 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Tncpda Colony has changed

Starting with the 2012 revision, the guideline value was set at Rs 120 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 80 per sq.ft, marking a 33% drop. The value then increased by 50% in the 2023 revision, returning to Rs 120 per sq.ft. The 2024 revision maintained this value at Rs 120 per sq.ft, indicating no change from the previous year.

The revisions for the years 2002, 2003, and 2007 have no figures available for Tncpda Colony. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 120 per sq.ft.

Guideline values in Karikili

In Karikili village, there are 12 streets under the Salavakkam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 150 per sq.ft. The median value for these streets is Rs 116 per sq.ft, placing Tncpda Colony above this median.

• Tncpda Colony Extension: Rs 150 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

For a 1,000 sq.ft plot at the current guideline value of Rs 120 per sq.ft, the total guideline value amounts to Rs 1,20,000. The stamp duty at 7% would be Rs 8,400, and the registration fee at 2% would be Rs 2,400, resulting in a total of Rs 10,800. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Tncpda Colony?

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

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

The guideline value plays a crucial role in the registration process when buying or selling property in Karikili. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is considered alongside the sale price. The higher of the two values is used to calculate the stamp duty and registration fees, ensuring that the appropriate charges are applied based on the property's value.

Frequently asked questions

What is the current guideline value of Tncpda Colony?

The current guideline value of Tncpda Colony is Rs 120 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent being a stable rate of Rs 120 per sq.ft since 2023. The value was Rs 80 per sq.ft in 2017 and was previously Rs 120 per sq.ft in 2012.

What is the land classification for Tncpda Colony?

The land classification for Tncpda Colony is Residential Special Type - I, indicating its designated use for residential purposes.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in Tncpda Colony is charged at 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2% applicable.

Where can I find the Sub Registrar Office for Tncpda Colony?

The Sub Registrar Office for Tncpda Colony is located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. This office handles all registration processes for properties in the area.