Guideline Value

Corporate

Guideline Value for OFFICERS COLONY

₹4400/sq.ft.

The guideline value for Officers Colony in Saidapet village (Chennai South Joint Ii 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 Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Saidapet

Village

Chennai South Joint II

SRO

Residential Class II Type - II
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 ₹1100 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹798 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹637 /sq.ft.
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
044-29510538
[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 Officers Colony

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Officers Colony guideline value

The current guideline value of Officers Colony, located in Saidapet village, is Rs 4,400 per sq.ft, effective from the 2024 revision. This area falls under the Chennai South Joint II SRO and is classified as Residential Class II Type - II.

How the guideline value of Officers Colony has changed

The guideline value for Officers Colony has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 637 per sq.ft. This figure increased to Rs 798 per sq.ft in 2003, marking a 25% rise. The value then rose significantly to Rs 1,100 per sq.ft in 2007, which was a 38% increase. Following that, the 2012 revision saw a substantial jump to Rs 4,000 per sq.ft, reflecting a 264% increase. However, the 2017 revision saw a decrease to Rs 2,680 per sq.ft, a drop of 33%. The guideline value then increased again to Rs 4,000 per sq.ft in 2023, and the most recent revision in 2024 brought it to Rs 4,400 per sq.ft, a 10% increase.

In summary, from 2002 to 2024, the overall increase in the guideline value for Officers Colony is 591%. The register has no figures for the years not mentioned in the revisions.

Guideline values in Saidapet

In Saidapet, there are 106 streets under the Chennai South Joint II SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median value is Rs 4,400 per sq.ft, which is equal to the guideline value of Officers Colony.

Stamp duty and registration fee for property in Officers Colony

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

Which Sub Registrar Office covers Officers Colony?

The Sub Registrar Office that covers Officers Colony is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Saidapet. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. 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 Officers Colony?

The current guideline value for Officers Colony is Rs 4,400 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 637 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 591% over the years.

What are the other streets in Saidapet with their guideline values?

Other streets in Saidapet include New Colony Main Road & 1 To 4 Cross Street at Rs 4,400 per sq.ft, Parasmal Metha Street and Parson Nagar at Rs 4,950 per sq.ft, and Narayanasamy Iind Street and Narayanasamy 1st Street at Rs 3,300 per sq.ft.

How is stamp duty calculated for properties in Officers Colony?

Stamp duty is calculated at 7% of 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.

Where is the Sub Registrar Office for Officers Colony located?

The Sub Registrar Office for Officers Colony is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.