Guideline Value for Teachers Colony Thalapathi Stalin Street

Teachers Colony Thalapathi Stalin Street guideline value

The current guideline value of Teachers Colony Thalapathi Stalin Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village and falls under the Ambattur SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Teachers Colony Thalapathi Stalin Street has changed

The guideline value for Teachers Colony Thalapathi Stalin Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,600 per sq.ft, which then decreased to Rs 1,742 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 2,600 per sq.ft, marking a 49% rise. The most recent revision in 2024 has further increased the value to Rs 2,800 per sq.ft, representing an 8% increase from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 8%.

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. The median guideline value is Rs 3,600 per sq.ft, indicating that the 2024 figure for Teachers Colony Thalapathi Stalin Street is below this median.

• Teachers Colony Ramar Koil Street: Rs 2,800 per sq.ft (2024)
• Teachers Colony Thiru.vi.ka Street: Rs 2,800 per sq.ft (2024)
• Teachers Colony New Street: Rs 2,800 per sq.ft (2024)
• Teachers Colony Nehru Street: Rs 2,800 per sq.ft (2024)
• Teachers Colony Main Road: Rs 2,800 per sq.ft (2024)
• Teachers Colony Kalavai Street (canal St.): Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Teachers Colony Thalapathi Stalin Street

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 together to Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Teachers Colony Thalapathi Stalin Street?

The Sub Registrar Office that covers Teachers Colony Thalapathi Stalin Street 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 plays a crucial role during the registration of property transactions in Ambattur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the current guideline value, as it impacts the financial obligations involved in the transaction. Buyers should ensure that the sale price is not below the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Teachers Colony Thalapathi Stalin Street?

The current guideline value of Teachers Colony Thalapathi Stalin Street 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, an increase of 8%. It rose from Rs 1,742 per sq.ft in 2017 to Rs 2,600 per sq.ft in 2023, marking a 49% increase.

What are the other streets in Ambattur with the same guideline value?

Other streets in Ambattur with the same guideline value of Rs 2,800 per sq.ft include Teachers Colony Ramar Koil Street, Teachers Colony Thiru.vi.ka Street, Teachers Colony New Street, Teachers Colony Nehru Street, Teachers Colony Main Road, and Teachers Colony Kalavai Street (canal St.).

What is the stamp duty and registration fee for a property in this area?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total stamp duty and registration fees would be Rs 2,52,000.

Which office handles registrations for Teachers Colony Thalapathi Stalin Street?

The Ambattur Sub Registrar Office handles registrations for Teachers Colony Thalapathi Stalin Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.