Guideline Value for Teacher Colony 4th Street

Teacher Colony 4th Street guideline value

The current guideline value of Teacher Colony 4th Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village, under the jurisdiction of the Alandur SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Teacher Colony 4th Street has changed

Since the 2002 revision, the guideline value for Teacher Colony 4th Street has seen significant changes. In 2002, the value was Rs 352 per sq.ft. This increased to Rs 402 per sq.ft in 2003, marking a rise of 14%. The value then jumped to Rs 900 per sq.ft in 2007, which was an increase of 124%. Following that, it rose dramatically to Rs 3,500 per sq.ft in 2012, reflecting a substantial increase of 289%. However, from 2012 to 2017, the value decreased to Rs 2,345 per sq.ft, a decline of 33%. The value then increased again to Rs 3,500 per sq.ft in 2023, before reaching the current figure of Rs 3,900 per sq.ft in 2024, which is an increase of 11% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1008%. The register has no figure for the years not mentioned in this summary.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO that carry a 2024 guideline value, ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median value is Rs 3,900 per sq.ft, which is the same as the guideline value for Teacher Colony 4th Street.

• Teacher Colony 3rd Street: Rs 3,900 per sq.ft (2024)
• Teacher Colony 5th Street: Rs 3,900 per sq.ft (2024)
• Teacher Colony 2nd Street: Rs 3,900 per sq.ft (2024)
• Teacher Colony 6th Street: Rs 3,900 per sq.ft (2024)
• Teacher Colony 1st Street: Rs 3,900 per sq.ft (2024)
• Thagoor Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Teacher Colony 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, making the total cost for these fees Rs 3,51,000. It is important to note that the 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 Teacher Colony 4th Street?

The Sub Registrar Office that covers Teacher Colony 4th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Adambakkam, as it determines the amount of stamp duty and registration fees payable during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements and to calculate the overall costs involved in the property transaction.

When registering a property, the guideline value serves as a benchmark for the transaction value. It is essential for both parties to consider this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Teacher Colony 4th Street?

The current guideline value of Teacher Colony 4th 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 from Rs 352 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 1008% over this period.

What is the land classification for Teacher Colony 4th Street?

The land classification for Teacher Colony 4th Street is Residential Class I Type - III.

Where can I find the Alandur Sub Registrar Office?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is stamp duty calculated for properties in Teacher Colony 4th Street?

Stamp duty for properties in Teacher Colony 4th Street is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 2,73,000 based on the current guideline value.