Guideline Value for Teacher Colony 5th Street

Teacher Colony 5th Street guideline value

The current guideline value of Teacher Colony 5th Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village under the Alandur SRO, classified as Residential Class I Type - III.

How the guideline value of Teacher Colony 5th Street has changed

The guideline value for Teacher Colony 5th Street has seen several revisions over the years. In 2002, the value was Rs 352 per sq.ft, which increased to Rs 402 per sq.ft in 2003, marking a 14% rise. By 2007, the value rose significantly to Rs 900 per sq.ft, reflecting a 124% increase. The 2012 revision saw the value at Rs 3,500 per sq.ft, which was a substantial 289% increase from the previous figure.

In 2017, the guideline value was recorded at Rs 2,345 per sq.ft, which represented a decrease of 33% from 2012. The value then increased to Rs 3,500 per sq.ft in 2023, followed by the current value of Rs 3,900 per sq.ft in 2024, showing an 11% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 1008%.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO with a 2024 guideline value range from Rs 2,800 to Rs 11,000 per sq.ft. The median value is Rs 3,900 per sq.ft, which aligns with the guideline value of Teacher Colony 5th Street.

• Teacher Colony 4th Street: Rs 3,900 per sq.ft (2024)
• Teacher Colony 6th Street: Rs 3,900 per sq.ft (2024)
• Teacher Colony 3rd Street: Rs 3,900 per sq.ft (2024)
• Teacher Colony 2nd 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 5th 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, while the registration fee at 2% would be Rs 78,000. Together, the total cost for stamp duty and registration fee would be Rs 3,51,000. 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 Teacher Colony 5th Street?

The Sub Registrar Office that covers Teacher Colony 5th 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 in the registration process when buying or selling property in Adambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration. Buyers and sellers should be aware that the guideline value is used to ensure that the property is registered at a fair value.

When a property is sold, the guideline value helps in calculating the necessary fees, ensuring compliance with local regulations. It is essential to check the latest guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Teacher Colony 5th Street?

The current guideline value of Teacher Colony 5th 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 from Rs 352 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 1008% over the years.

What are the stamp duty and registration fees for properties in Teacher Colony 5th Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total stamp duty and registration fee would be Rs 3,51,000.

Which office handles property registrations for Teacher Colony 5th Street?

The Alandur Sub Registrar Office handles property registrations for Teacher Colony 5th Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification for Teacher Colony 5th Street?

Teacher Colony 5th Street is classified as Residential Class I Type - III under the Alandur SRO.