Guideline Value for Teacher Colony 6th Street

Teacher Colony 6th Street guideline value

The current guideline value for Teacher Colony 6th Street, located in Thalakanancherry village, under the Alandur SRO, is Rs 3,900 per sq.ft. This rate is effective from the 1st of July 2024. The land classification for this area is Residential Class I Type - III.

How the guideline value of Teacher Colony 6th Street has changed

The guideline value for Teacher Colony 6th Street has undergone several revisions since 2007. The 2007 revision set the value at Rs 700 per sq.ft, which increased significantly to Rs 3,500 per sq.ft in 2012. However, this was followed by a decrease to Rs 2,345 per sq.ft in 2017. From 2017 to 2023, the value rose to Rs 3,500 per sq.ft, and then to Rs 3,900 per sq.ft in the 2024 revision, marking an increase of 11% from the previous year.

Notably, the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 457%.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median value is Rs 3,900 per sq.ft, which aligns with the 2024 figure for Teacher Colony 6th Street.

• Teacher Colony 5th Street: Rs 3,900 per sq.ft (2024)
• Teacher Colony 4th 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)
• Teligrap Colony: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Teacher Colony 6th Street

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is 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, bringing the total to Rs 3,51,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Teacher Colony 6th Street?

The Teacher Colony 6th Street falls under the jurisdiction of 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 Thalakanancherry

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

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is utilized for calculating the necessary fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Teacher Colony 6th Street?

The current guideline value for Teacher Colony 6th 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 increased from Rs 700 per sq.ft in 2007 to Rs 3,900 per sq.ft in 2024, marking an overall increase of 457% over this period.

Where can I find the registration office for this area?

The registration office for Teacher Colony 6th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What are the stamp duty and registration fees for a property here?

For a property valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000 and the registration fee would be Rs 78,000, totaling Rs 3,51,000.

Are there other streets in Thalakanancherry with the same guideline value?

Yes, several other streets in Thalakanancherry have the same guideline value of Rs 3,900 per sq.ft for 2024, including Teacher Colony 1st, 2nd, 3rd, 4th, and 5th Streets, as well as Teligrap Colony.