Guideline Value for Teachers Gild Colony 4th Street

Teachers Gild Colony 4th Street guideline value

The current guideline value of Teachers Gild Colony 4th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village and falls under the Sembiam SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Teachers Gild Colony 4th Street has changed

The guideline value for Teachers Gild Colony 4th Street has seen several revisions over the years. The earliest recorded revision was in 2007, where the value was Rs 1,000 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in the 2012 revision, marking a change of 200%. The current value of Rs 3,300 per sq.ft in the 2024 revision represents a 10% increase from the 2012 figure.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 230%. It is important to note that there are no recorded figures for the years 2002, 2003, 2017, and 2023 for this street in the register.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, which is equal to the current value of Teachers Gild Colony 4th Street.

• Teachers Gild Colony 3rd Street: Rs 3,300 per sq.ft (2024)
• Teachers Gild Colony 2nd Street: Rs 3,300 per sq.ft (2024)
• Teachers Gild Colony 1st Street: Rs 3,300 per sq.ft (2024)
• Teachers Colony Main Road: Rs 3,300 per sq.ft (2024)
• Teachers Colony 4th Cross Street: Rs 2,700 per sq.ft (2024)
• Teachers Colony 3rd Cross Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Teachers Gild Colony 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000. Together, the total cost for stamp duty and registration fee would be Rs 2,97,000. 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 our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Teachers Gild Colony 4th Street?

The Sub Registrar Office that covers Teachers Gild Colony 4th Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Kolathur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers must ensure that they are aware of the guideline value to avoid any discrepancies during the registration process.

When registering a property, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the correct revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Teachers Gild Colony 4th Street?

The current guideline value of Teachers Gild Colony 4th Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 230% over the years.

What are the registration fees for property in Teachers Gild Colony 4th Street?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles the registration for Teachers Gild Colony 4th Street?

The Sembiam Sub Registrar Office handles the registration for Teachers Gild Colony 4th Street, located at 5, Papermills Road, Sembiam, Chennai - 600011.

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

Yes, other streets in Kolathur, such as Teachers Gild Colony 1st, 2nd, and 3rd Streets, as well as Teachers Colony Main Road, also have a guideline value of Rs 3,300 per sq.ft in 2024.