Guideline Value for Teachers township Phsae -I

Teachers township Phsae -I guideline value

The current guideline value for Teachers township Phsae -I is Rs 600 per sq.ft. This area is located in Keelakazhani village under the Gooduvancheri SRO and is classified as Residential Special Type - II.

How the guideline value of Teachers township Phsae -I has changed

Looking at the revisions over the years, the guideline value for this street has seen several changes. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 600 per sq.ft. The 2017 revision, however, marked a significant increase from Rs 402 per sq.ft to Rs 600 per sq.ft, reflecting a 49% rise.

Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained constant at Rs 600 per sq.ft, showing no percentage change.

Guideline values in Keelakazhani

In Keelakazhani, there are 35 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 1,000 per sq.ft, with a median of Rs 700 per sq.ft. The guideline value for Teachers township Phsae -I is below this median.

• Teachers Township Phase-II (Sri Mahalakshmi Nagar): Rs 600 per sq.ft (2024)
• Teachers Saibaba Garden: Rs 700 per sq.ft (2024)
• S.V.P. Lingam Nagar: Rs 700 per sq.ft (2024)
• Sri Venkateshwara Nagar: Rs 700 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 600 per sq.ft (2024)
• Sri Selva Vinayagar Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Teachers township Phsae -I

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Teachers township Phsae -I?

The Teachers township Phsae -I falls under the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. To find more information, you can find your SRO.

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

The guideline value serves as a benchmark for property transactions in Keelakazhani, determining the minimum value at which properties can be registered. When buying or selling property, this value is essential for calculating the applicable stamp duty and registration fees.

During the registration process, the guideline value is used to ensure that the transaction is documented at a fair value, preventing undervaluation. It is crucial for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies in the registration process.

Frequently asked questions

What is the current guideline value for Teachers township Phsae -I?

The current guideline value for Teachers township Phsae -I is Rs 600 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most notable increase occurring between the 2017 and 2023 revisions, where it rose from Rs 402 per sq.ft to Rs 600 per sq.ft. However, from 2012 to 2024, the value has remained constant at Rs 600 per sq.ft.

What is the land classification for Teachers township Phsae -I?

Teachers township Phsae -I is classified as Residential Special Type - II. This classification is important for determining the appropriate uses and regulations for the land.

Where can I find the registration office for this area?

The registration office covering Teachers township Phsae -I is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 at a rate of 7%.