Guideline Value for Teachers Colony Thiru.vi.ka Street

Teachers Colony Thiru.vi.ka Street guideline value

The current guideline value of Teachers Colony Thiru.vi.ka Street 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 Thiru.vi.ka Street has changed

The guideline value of Teachers Colony Thiru.vi.ka Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,600 per sq.ft, which was then reduced to Rs 1,742 per sq.ft in the 2017 revision, marking a decrease of 33%. Following this, the value increased significantly to Rs 2,600 per sq.ft in the 2023 revision and further rose to Rs 2,800 per sq.ft in the 2024 revision, reflecting an 8% increase.

In summary, from the 2012 revision to the 2024 revision, the overall change has been an increase of 8%. The revisions for the years 2002, 2003, and 2007 do not have any figures recorded 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. The median value for these streets is Rs 3,600 per sq.ft, which means that the 2024 guideline value of Rs 2,800 per sq.ft for Teachers Colony Thiru.vi.ka Street is below the median.

• Teachers Colony Thalapathi Stalin Street: Rs 2,800 per sq.ft (2024)
• Teachers Colony Ramar Koil 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 Thiru.vi.ka 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, charged at 7%, would amount to Rs 1,96,000, while the registration fee at 2% would be Rs 56,000. Together, the total cost for stamp duty and registration would be Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Teachers Colony Thiru.vi.ka Street?

The Sub Registrar Office that covers Teachers Colony Thiru.vi.ka Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a critical component in the registration process of property transactions in Ambattur. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are based on an official valuation of the property.

Frequently asked questions

What is the current guideline value of Teachers Colony Thiru.vi.ka Street?

The current guideline value of Teachers Colony Thiru.vi.ka 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, marking an 8% increase. It was reduced to Rs 1,742 per sq.ft in 2017 from Rs 2,600 per sq.ft in 2012.

What is the classification of Teachers Colony Thiru.vi.ka Street?

Teachers Colony Thiru.vi.ka Street is classified as Residential Class II Type - II. This classification impacts the guideline value and the regulations governing property transactions in the area.

Where can I find the Ambattur Sub Registrar Office?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Teachers Colony Thiru.vi.ka Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000 at a rate of 7%.