Guideline Value for Teachers Colony Kalavai Street (canal St.)

Teachers Colony Kalavai Street (canal St.) guideline value

The current guideline value of Teachers Colony Kalavai Street (canal St.) is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village, under the Ambattur SRO, and is classified as Residential Class II Type - II.

How the guideline value of Teachers Colony Kalavai Street (canal St.) has changed

The guideline value for Teachers Colony Kalavai Street (canal St.) has undergone several revisions over the years. The 2012 revision set the value at Rs 2,600 per sq.ft, which decreased to Rs 1,742 per sq.ft in the 2017 revision. Following this, the value rose to Rs 2,600 per sq.ft in 2023, and currently stands at Rs 2,800 per sq.ft from the 2024 revision, reflecting an increase of 8% from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,400 to Rs 8,209 per sq.ft, with a median value of Rs 3,600 per sq.ft. The guideline value for Teachers Colony Kalavai Street (canal St.) is below this median.

• Teachers Colony Main Road: Rs 2,800 per sq.ft (2024)
• Teachers Colony Earikarrai Street: Rs 2,800 per sq.ft (2024)
• Teachers Colony Anna Street: Rs 2,200 per sq.ft (2024)
• Teachers Colony Nehru Street: Rs 2,800 per sq.ft (2024)
• Teachers Colony Ambedkar Street: Rs 2,800 per sq.ft (2024)
• Teachers Colony New Street: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Teachers Colony Kalavai Street (canal St.)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total fees to Rs 2,52,000. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Teachers Colony Kalavai Street (canal St.)?

The Sub Registrar Office that covers Teachers Colony Kalavai Street (canal St.) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Ambattur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the property is not undervalued during transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value for Teachers Colony Kalavai Street (canal St.)?

The current guideline value for Teachers Colony Kalavai Street (canal St.) is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,600 per sq.ft in 2023 to Rs 2,800 per sq.ft in 2024, reflecting an increase of 8%. It was Rs 1,742 per sq.ft in 2017 and Rs 2,600 per sq.ft in 2012.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000 and the registration fee would be Rs 56,000, totaling Rs 2,52,000. These fees are based on the higher of the guideline value or the sale price.

Which office handles the registration for this street?

The Ambattur Sub Registrar Office handles the registration for Teachers Colony Kalavai Street (canal St.). It is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification for Teachers Colony Kalavai Street (canal St.)?

Teachers Colony Kalavai Street (canal St.) is classified as Residential Class II Type - II, indicating its designation for residential use within the area.