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Guideline Value

Corporate

Guideline Value for Labour Colony (Sidco Estate Residential Area)

₹3900/sq.ft.

The guideline value for Labour Colony (sidco Estate Residential Area) in Alandur Guindy village (Alandur SRO, Chennai zone) is Rs 3900 per sq.ft, effective 1 July 2024. It was Rs 3500 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

Alandur Guindy

Village

Alandur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹3900 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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 Labour Colony (sidco Estate Residential Area)

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Labour Colony (Sidco Estate Residential Area) guideline value

The current guideline value for Labour Colony (Sidco Estate Residential Area) is Rs 3,900 per sq.ft, effective from 1 July 2024. This area is located in Alandur Guindy village, under the Alandur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Labour Colony (Sidco Estate Residential Area) has changed

The guideline value for Labour Colony has seen significant changes over the years. In the 2017 revision, the value was Rs 2,345 per sq.ft. This increased to Rs 3,500 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has set the guideline value at Rs 3,900 per sq.ft, reflecting an 11% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 66%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Alandur Guindy

In Alandur Guindy, there are eight streets under the Alandur SRO that carry a 2024 guideline value, ranging from Rs 3,900 to Rs 11,200 per sq.ft. The median value for these streets is Rs 8,550 per sq.ft, placing the guideline value for Labour Colony below that median.

Stamp duty and registration fee for property in Labour Colony (Sidco Estate Residential Area)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total to Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Labour Colony (Sidco Estate Residential Area)?

The Sub Registrar Office that covers Labour Colony (Sidco Estate Residential Area) 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 Alandur Guindy

The guideline value is a critical factor in the registration process when buying or selling property in Alandur Guindy. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Labour Colony (Sidco Estate Residential Area)?

The current guideline value for Labour Colony (Sidco Estate Residential Area) is Rs 3,900 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed in recent years?

Since 2017, the guideline value has increased from Rs 2,345 per sq.ft to Rs 3,900 per sq.ft in 2024, representing an overall increase of 66%.

What is the stamp duty rate for properties in Labour Colony?

The stamp duty rate for properties in Labour Colony is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Labour Colony?

The Sub Registrar Office for Labour Colony (Sidco Estate Residential Area) is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

Are there other streets with different guideline values in Alandur Guindy?

Yes, there are other streets in Alandur Guindy with varying guideline values. For instance, G.S.T. Road has a guideline value of Rs 11,000 per sq.ft, while Reddy Street is valued at Rs 7,700 per sq.ft in 2024.