Guideline Value

Corporate

Guideline Value for Audco Colony Main (Audco Colony)

₹5000/sq.ft.

The guideline value for Audco Colony Main (audco Colony) in Adambakkam village (Alandur SRO, Chennai zone) is Rs 5000 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Adambakkam

Village

Alandur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹5000 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061
044-22240222
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Audco Colony Main (audco Colony)

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Audco Colony Main (Audco Colony) guideline value

The current guideline value of Audco Colony Main (Audco Colony) is Rs 5,000 per sq.ft, effective from 1 July 2024. This property is located in Adambakkam village under the Alandur SRO, classified as Residential Class I Type - I.

How the guideline value of Audco Colony Main (Audco Colony) has changed

The guideline value for Audco Colony Main has seen several revisions over the years. The 2012 revision set the value at Rs 4,500 per sq.ft, which was then reduced to Rs 3,015 per sq.ft in 2017. However, in 2023, the value increased to Rs 4,500 per sq.ft again, and the most recent revision in 2024 raised it further to Rs 5,000 per sq.ft. The register has no figure for the years 2002, 2003, and 2007.

Between the revisions, the changes were significant. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The most recent change from 2023 to 2024 reflects an increase of 11%. Overall, comparing the values from 2012 to 2024, there has been an increase of 11%.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 11,000 per sq.ft, with a median value of Rs 3,900 per sq.ft. The guideline value for Audco Colony Main is above this median.

Stamp duty and registration fee for property in Audco Colony Main (Audco Colony)

For a 1,000 sq.ft plot at the current guideline value of Rs 5,000 per sq.ft, the total guideline value amounts to Rs 50,00,000. The stamp duty is charged at 7%, resulting in Rs 3,50,000, while the registration fee at 2% amounts to Rs 1,00,000. Together, the total cost for these fees is Rs 4,50,000. The duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Audco Colony Main (Audco Colony)?

The Sub Registrar Office that covers Audco Colony Main 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 Adambakkam

The guideline value is an essential factor when buying or selling property in Adambakkam. It serves as the basis for calculating stamp duty and registration fees, which are mandatory during property transactions. Buyers and sellers must be aware of this value to ensure they comply with legal requirements.

When registering a property, the guideline value helps determine the official value of the property, which can impact the overall cost of the transaction. It is crucial for both parties to understand how this value is set and revised to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Audco Colony Main?

The current guideline value of Audco Colony Main (Audco Colony) is Rs 5,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase from Rs 4,500 per sq.ft in 2023 to Rs 5,000 per sq.ft in 2024. The value was as low as Rs 3,015 per sq.ft in 2017.

What is the land classification for Audco Colony Main?

Audco Colony Main is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Audco Colony Main?

The Alandur Sub Registrar Office covers Audco Colony Main, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How are stamp duty and registration fees calculated in Audco Colony?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, a property valued at Rs 50,00,000 incurs a total of Rs 4,50,000 in fees.