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Guideline Value

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Guideline Value for Colony Street (Valluvarkottam)

₹6000/sq.ft.

The guideline value for Colony Street (valluvarkottam) in Nungambakkam village (Chennai Central Joint Ii SRO, Chennai zone) is Rs 6000 per sq.ft, effective 1 July 2024. It was Rs 5500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nungambakkam

Village

Chennai Central Joint II

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹6000 /sq.ft.
From 1-4-2023 ₹5500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3685 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2800 /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)

No:5/9, Kavigar Bharathidasan Salai, Seethamalcolony ,cresent Street Alwarpet,chennai -600018
044-24331038
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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 Colony Street (valluvarkottam)

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Colony Street (Valluvarkottam) guideline value

The current guideline value of Colony Street (Valluvarkottam) is Rs 6,000 per sq.ft, effective from 1 July 2024. This street is located in Nungambakkam village and falls under the Chennai Central Joint II SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Colony Street (Valluvarkottam) has changed

The guideline value for Colony Street (Valluvarkottam) has seen several revisions over the years. The 2007 revision set the value at Rs 2,800 per sq.ft, which increased to Rs 5,500 per sq.ft in the 2012 revision. However, there was a significant drop to Rs 3,685 per sq.ft in the 2017 revision. Following this, the value surged to Rs 5,500 per sq.ft in 2023, and currently stands at Rs 6,000 per sq.ft as of the 2024 revision. The register has no figure for this street in 2002 and 2003.

From 2012 to 2017, the guideline value decreased by 33%, but from 2017 to 2023, it increased by 49%. The most recent change from 2023 to 2024 reflects a 9% increase. Overall, from 2007 to 2024, the guideline value has risen by 114%.

Guideline values in Nungambakkam

In Nungambakkam, there are 270 streets under the Chennai Central Joint II SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 22,000 per sq.ft. The median value for these streets is Rs 8,800 per sq.ft, placing Colony Street (Valluvarkottam) below this median.

Stamp duty and registration fee for property in Colony Street (Valluvarkottam)

For a 1,000 sq.ft plot at the current guideline value of Rs 6,000 per sq.ft, the total guideline value would be Rs 60,00,000. The stamp duty at 7% would amount to Rs 4,20,000, and the registration fee at 2% would be Rs 1,20,000, bringing the total cost to Rs 5,40,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Colony Street (Valluvarkottam)?

The Sub Registrar Office that covers Colony Street (Valluvarkottam) is the Chennai Central Joint II Sub Registrar Office, located at No:5/9, Kavigar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018. You can find your SRO for more details.

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

The guideline value is an essential factor when registering property transactions in Nungambakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that transactions are conducted at a fair value.

When a property is bought or sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Colony Street (Valluvarkottam)?

The current guideline value of Colony Street (Valluvarkottam) is Rs 6,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,800 per sq.ft in 2007 to Rs 6,000 per sq.ft in 2024, reflecting an overall increase of 114% over the years.

What is the land classification for Colony Street (Valluvarkottam)?

The land classification for Colony Street (Valluvarkottam) is Residential Class IV Type - I.

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

The Chennai Central Joint II Sub Registrar Office covers Colony Street (Valluvarkottam) and is located at No:5/9, Kavigar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total cost would include both stamp duty and registration fees based on the guideline value.