Guideline Value for William Street (Teacher's Colony)

William Street (Teacher's Colony) guideline value

The current guideline value of William Street (Teacher's Colony) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village under the Madhavaram SRO, and it falls under the Residential Class I Type - I land classification.

How the guideline value of William Street (Teacher's Colony) has changed

The guideline value for William Street (Teacher's Colony) has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which then decreased to Rs 1,675 per sq.ft in the 2017 revision. The 2023 revision increased the value to Rs 2,500 per sq.ft, and the most recent 2024 revision has further increased it to Rs 2,700 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, it increased by 49%. The overall change from 2012 to 2024 reflects an increase of 8%.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1,318 streets under the Madhavaram SRO with guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, which matches the current value for William Street (Teacher's Colony).

• West Avenue Road: Rs 2,700 per sq.ft (2024)
• Water Tank Lane 5th Street: Rs 2,200 per sq.ft (2024)
• Water Tank Lane 4th Street: Rs 2,200 per sq.ft (2024)
• Water Tank Lane 3th Street: Rs 2,200 per sq.ft (2024)
• Water Tank Lane 2nd Street: Rs 2,200 per sq.ft (2024)
• Water Tank Lane 1st Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in William Street (Teacher's Colony)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total cost to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers William Street (Teacher's Colony)?

The Sub Registrar Office that covers William Street (Teacher's Colony) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value plays a crucial role when buying or selling property in Kodungaiyur. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher amount will be used to calculate the applicable duties.

When registering a property, it is essential to refer to the latest guideline value to ensure compliance with local regulations. This helps in avoiding any discrepancies during the transaction and ensures a smoother registration process.

Frequently asked questions

What is the current guideline value of William Street (Teacher's Colony)?

The current guideline value of William Street (Teacher's Colony) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then back to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024. There are no figures available for the years 2002, 2003, and 2007.

What is the land classification for William Street (Teacher's Colony)?

William Street (Teacher's Colony) is classified as Residential Class I Type - I, which is important for determining the guideline value and applicable regulations.

Where can I calculate stamp duty and registration fees for property transactions?

You can calculate stamp duty and registration fees using the stamp duty and registration fee calculator available online.

What is the address of the Sub Registrar Office for William Street (Teacher's Colony)?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060, and it covers William Street (Teacher's Colony).