Guideline Value

Corporate

Guideline Value for LABOUR COLONY 6TH STREET

₹1650/sq.ft.

The guideline value for Labour Colony 6th Street in Pallikaranai village (Chennai South Joint I SRO, Chennai zone) is Rs 1650 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pallikaranai

Village

Chennai South Joint I

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹1650 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹1500 /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)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[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 Labour Colony 6th Street

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Labour Colony 6th Street guideline value

The current guideline value of Labour Colony 6th Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Pallikaranai village, under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Labour Colony 6th Street has changed

The guideline value for Labour Colony 6th Street has undergone revisions over the years. The most recent revision in 2024 set the value at Rs 1,650 per sq.ft, an increase from Rs 1,500 per sq.ft in the 2012 revision, reflecting a change of +10%. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002 for this street.

In summary, the only recorded figures for this street are from the 2012 and 2024 revisions. The 2024 figure of Rs 1,650 per sq.ft aligns with the median value of Rs 1,650 per sq.ft for the 749 streets in Pallikaranai under the Chennai South Joint I SRO.

Guideline values in Pallikaranai

Pallikaranai has a range of guideline values, with figures for the 2024 revision varying from Rs 1,110 to Rs 8,580 per sq.ft. The median value is Rs 1,650 per sq.ft, which is the same as the guideline value for Labour Colony 6th Street. Below are the guideline values for other streets in Pallikaranai:

Stamp duty and registration fee for property in Labour Colony 6th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty is calculated at 7%, amounting to Rs 1,15,500, while the registration fee is charged at 2%, totaling Rs 33,000. The combined cost for these fees would be Rs 1,48,500. It's important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Labour Colony 6th Street?

The Labour Colony 6th Street falls under 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, Chennai registration zone. 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 crucial factor during property registration in Pallikaranai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, impacting the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Labour Colony 6th Street?

The current guideline value of Labour Colony 6th Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 1,500 per sq.ft in 2012 to Rs 1,650 per sq.ft in 2024, reflecting a +10% increase. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the median guideline value in Pallikaranai?

The median guideline value in Pallikaranai is Rs 1,650 per sq.ft, which is the same as the guideline value for Labour Colony 6th Street.

What are the registration fees for buying property in Labour Colony 6th Street?

The registration fees for property in Labour Colony 6th Street include a stamp duty of 7% and a registration fee of 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,48,500.

Where is the Sub Registrar Office for Labour Colony 6th Street located?

The Sub Registrar Office covering Labour Colony 6th Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035, Chennai registration zone.