Guideline Value for ALL WORKERS LABOUR COLONY

All Workers Labour Colony guideline value

The current guideline value of All Workers Labour Colony is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is located in Pallikaranai village and falls under the Chennai South Joint I SRO, classified as Residential Class IV Type - I.

How the guideline value of All Workers Labour Colony has changed

The guideline value has seen several revisions over the years. The earliest recorded figure is from 2002, which was Rs 86 per sq.ft. This increased to Rs 101 per sq.ft in 2003, marking a rise of 17%. The value then rose significantly to Rs 400 per sq.ft in 2007, reflecting a 296% increase. In 2012, the value remained at Rs 1,500 per sq.ft, a decrease of 275%. The 2017 revision saw a notable increase to Rs 1,005 per sq.ft, which was a 49% rise from the previous figure. The guideline value was further revised to Rs 1,500 per sq.ft in 2023, before reaching the current value of Rs 1,650 per sq.ft in 2024, which is a 10% increase from 2023.

Overall, from 2002 to 2024, the guideline value has increased by 1819%. There are no figures available for revisions in years other than those specified.

Guideline values in Pallikaranai

Pallikaranai village has a total of 749 streets under the Chennai South Joint I SRO, with the 2024 guideline values ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, which is equal to the current value of All Workers Labour Colony.

• Ambal Nagar Main Road: Rs 1,980 per sq.ft (2024)
• Ambathkar Street: Rs 1,320 per sq.ft (2024)
• Alagiri Street Extn: Rs 1,650 per sq.ft (2024)
• Alagiri Street: Rs 1,650 per sq.ft (2024)
• Alagiri Nagar: Rs 1,650 per sq.ft (2024)
• Ambethkar Cross St: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in All Workers Labour Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total cost for these fees to Rs 1,48,500. 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 All Workers Labour Colony?

The All Workers Labour Colony is covered by the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration of property transactions in Pallikaranai. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that all transactions are conducted transparently and fairly, based on the established values set by the Registration Department.

Frequently asked questions

What is the current guideline value of All Workers Labour Colony?

The current guideline value of All Workers Labour Colony is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 86 per sq.ft in 2002 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 1819% over the years.

What are the stamp duty and registration fees for property in All Workers Labour Colony?

For a 1,000 sq.ft plot, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which Sub Registrar Office covers All Workers Labour Colony?

The Chennai South Joint I Sub Registrar Office covers All Workers Labour Colony, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What is the land classification of All Workers Labour Colony?

All Workers Labour Colony is classified as Residential Class IV Type - I, indicating its suitability for residential purposes.