Guideline Value

Corporate

Guideline Value for CORPORATION COLONY IST STREET

₹4400/sq.ft.

The guideline value for Corporation Colony Ist Street in Tnagar village (Thiyagaraya Nagar SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Tnagar

Village

Thiyagaraya Nagar

SRO

Residential Class III Type - III
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1500 /sq.ft.
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)

27/14,vetnari Hospital Road Panpet Nandhanam Chennai-35
044-24340958
[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 Corporation Colony Ist Street

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Corporation Colony Ist Street guideline value

The current guideline value of Corporation Colony Ist Street is Rs 4,400 per sq.ft. This street is located in Tnagar village, under the Thiyagaraya nagar SRO. The land classification for this area is Residential Class III Type - III.

How the guideline value of Corporation Colony Ist Street has changed

The guideline value for Corporation Colony Ist Street has undergone several revisions over the years. The earliest recorded figure is from 2007, when the value was Rs 1,500 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in 2012, reflecting a 167% rise. However, from 2012 to 2017, the value dropped to Rs 2,680 per sq.ft, a decrease of 33%. The value then rose again to Rs 4,000 per sq.ft in 2023, marking a 49% increase from the previous figure.

The most recent revision in 2024 set the guideline value at Rs 4,400 per sq.ft, which is a 10% increase from the 2023 figure. Overall, from 2007 to 2024, the guideline value has increased by 193%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Tnagar

In Tnagar, there are 262 streets under the Thiyagaraya nagar SRO that carry a 2024 guideline value ranging from Rs 4,400 to Rs 27,500 per sq.ft. The median value for these streets is Rs 11,000 per sq.ft, placing Corporation Colony Ist Street's 2024 figure below that median.

Stamp duty and registration fee for property in Corporation Colony Ist Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total cost for these fees to Rs 3,96,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Corporation Colony Ist Street?

The Sub Registrar Office that covers Corporation Colony Ist Street is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35. You can find your SRO for more information.

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

The guideline value is an important factor when buying or selling property in Tnagar. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the registration process. The guideline value is used to ensure that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings.

When a property is registered, the buyer and seller must adhere to the guideline value set by the local authorities. This ensures that all transactions are compliant with the regulations, and the appropriate fees are collected based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Corporation Colony Ist Street?

The current guideline value of Corporation Colony Ist Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting a total increase of 193% over the years.

What is the land classification for Corporation Colony Ist Street?

The land classification for Corporation Colony Ist Street is Residential Class III Type - III.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Corporation Colony Ist Street is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35.

How is the stamp duty calculated for properties in this area?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 at a rate of 7%.