Guideline Value for Teligrap Colony

Teligrap Colony guideline value

The current guideline value of Teligrap Colony, located in Thalakanancherry village under the Alandur SRO, is Rs 3,900 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - III land classification.

How the guideline value of Teligrap Colony has changed

The guideline value for Teligrap Colony has seen several revisions over the years. In 2007, the value was Rs 1,750 per sq.ft, which increased to Rs 3,500 per sq.ft in 2012. This was followed by a decrease to Rs 2,345 per sq.ft in 2017, and then a significant increase to Rs 3,500 per sq.ft in 2023. The latest revision in 2024 set the guideline value at Rs 3,900 per sq.ft, marking an 11% increase from the previous year.

From 2017 to 2023, the value increased by 49%. Notably, the value saw a 100% increase from 2007 to 2012. Overall, from 2007 to 2024, the guideline value has risen by 123%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thalakanancherry

In Thalakanancherry village, there are 318 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median value is Rs 3,900 per sq.ft, which is equal to the current guideline value of Teligrap Colony.

• Teacher Colony 6th Street: Rs 3,900 per sq.ft (2024)
• Teacher Colony 5th Street: Rs 3,900 per sq.ft (2024)
• Teacher Colony 4th Street: Rs 3,900 per sq.ft (2024)
• Teacher Colony 3rd Street: Rs 3,900 per sq.ft (2024)
• Teacher Colony 2nd Street: Rs 3,900 per sq.ft (2024)
• Teacher Colony 1st Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Teligrap Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, making the total Rs 3,51,000. 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 Teligrap Colony?

The Sub Registrar Office that covers Teligrap Colony is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thalakanancherry. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher, to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Teligrap Colony?

The current guideline value of Teligrap Colony is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,750 per sq.ft in 2007 to Rs 3,900 per sq.ft in 2024, with several revisions in between. The most recent revision saw an 11% increase from Rs 3,500 per sq.ft in 2023.

What are the stamp duty and registration fees for a property in Teligrap Colony?

For a property valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000 and the registration fee would be Rs 78,000, totaling Rs 3,51,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Teligrap Colony?

The Alandur Sub Registrar Office is responsible for Teligrap Colony. It is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification of Teligrap Colony?

Teligrap Colony falls under the Residential Class I Type - III land classification, which is significant for determining the guideline value and property usage.