Guideline Value for Deffence Officers Colony

Deffence Officers Colony guideline value

The current guideline value of Deffence Officers Colony is Rs 6,600 per sq.ft, effective from 1 July 2024. This area is located in Nandhambakkam village under the Alandur SRO and is classified as Commercial Class I Type - I.

How the guideline value of Deffence Officers Colony has changed

The guideline value for Deffence Officers Colony has seen several revisions over the years. In 2007, the value was Rs 2,629 per sq.ft, which increased significantly to Rs 6,000 per sq.ft in 2012, marking a rise of 128%. However, it dropped to Rs 4,020 per sq.ft in 2017, a decrease of 33%. The value then rose to Rs 6,000 per sq.ft in 2023, before reaching the current figure of Rs 6,600 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the value has risen by 151%. The register does not provide figures for the years 2002 and 2003 for this street.

Guideline values in Nandhambakkam

Nandhambakkam features 76 streets under the Alandur SRO, with guideline values ranging from Rs 2,200 to Rs 8,300 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, placing Deffence Officers Colony's 2024 figure above the median.

• Deffence Officers Colony Main Road: Rs 6,600 per sq.ft (2024)
• Dhanakotti Raja Street: Rs 3,900 per sq.ft (2024)
• East Kulakkarai Street: Rs 3,900 per sq.ft (2024)
• East Mada Street: Rs 3,900 per sq.ft (2024)
• East Mada Veedhi: Rs 3,900 per sq.ft (2024)
• Burma Colony: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Deffence Officers Colony

For a 1,000 sq.ft plot at the current rate of Rs 6,600 per sq.ft, the guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, totaling Rs 5,94,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Deffence Officers Colony?

The Sub Registrar Office covering Deffence Officers Colony 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 details.

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

The guideline value is a crucial factor in the registration process of property transactions in Nandhambakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to consider the guideline value as it influences the overall costs involved in the transaction. Buyers should be aware that the duty is charged on the higher of the guideline value and the sale price.

Frequently asked questions

What is the current guideline value for Deffence Officers Colony?

The current guideline value for Deffence Officers Colony is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,629 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, with several revisions in between, including a peak of Rs 6,000 per sq.ft in 2012 and 2023.

What is the median guideline value in Nandhambakkam?

The median guideline value in Nandhambakkam is Rs 3,900 per sq.ft, with Deffence Officers Colony's value being above this median.

Where can I find the Sub Registrar Office for Deffence Officers Colony?

The Sub Registrar Office for Deffence Officers Colony is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is stamp duty calculated for properties in Deffence Officers Colony?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 66,00,000 incurs a stamp duty of Rs 4,62,000 at 7%.