Guideline Value

Corporate

Guideline Value for Officer Colony 2nd Cross Street

₹4950/sq.ft.

The guideline value for Officer Colony 2nd Cross Street in Porur village (Kunrathur SRO, Chennai zone) is Rs 4950 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Porur

Village

Kunrathur

SRO

Mixed Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹4950 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /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)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[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 Officer Colony 2nd Cross Street

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Officer Colony 2nd Cross Street guideline value

The current guideline value of Officer Colony 2nd Cross Street is Rs 4,950 per sq.ft, effective from 1 July 2024. This street is located in Porur village under the Kunrathur SRO and is classified as Mixed Special Type - I.

How the guideline value of Officer Colony 2nd Cross Street has changed

The guideline value for Officer Colony 2nd Cross Street has undergone several revisions over the years. In 2012, the value was set at Rs 4,500 per sq.ft. This figure remained unchanged until 2017 when it dropped to Rs 3,015 per sq.ft. The next revision in 2023 saw a significant increase to Rs 4,500 per sq.ft, followed by the latest revision in 2024, which raised the value to Rs 4,950 per sq.ft.

Between the revisions, there have been notable changes. From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 49%. The most recent change from 2023 to 2024 reflects a 10% increase, resulting in an overall increase of 10% from the 2012 revision to the 2024 revision.

Guideline values in Porur

In Porur village, there are 530 streets under the Kunrathur SRO, with 2024 guideline values ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median guideline value for these streets is Rs 3,960 per sq.ft, placing Officer Colony 2nd Cross Street's 2024 figure above this median.

Stamp duty and registration fee for property in Officer Colony 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value amounts to Rs 49,50,000. The stamp duty at 7% would be Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, resulting in a total of Rs 4,45,500. It is 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 detailed calculations.

Which Sub Registrar Office covers Officer Colony 2nd Cross Street?

The Sub Registrar Office that covers Officer Colony 2nd Cross Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when buying or selling property in Porur, as it determines the baseline for property registration fees and stamp duties. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction process.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue based on the established values for properties in the area.

Frequently asked questions

What is the current guideline value of Officer Colony 2nd Cross Street?

The current guideline value of Officer Colony 2nd Cross Street is Rs 4,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent increase from Rs 4,500 per sq.ft in 2023 to Rs 4,950 per sq.ft in 2024. Overall, from 2012 to 2024, the guideline value has increased by 10%.

What are the other streets in Porur with the same guideline value?

Other streets in Porur with the same guideline value of Rs 4,950 per sq.ft include Officer Colony 1st Cross Street, Officer Colony 3rd Cross Street, Officer Colony, Officer Colony Lane, Officer Colony Main Road, and Officer Colony Pillaiyar Koil Street.

How is stamp duty calculated for properties in Officer Colony 2nd Cross Street?

Stamp duty is 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 stamp duty would be Rs 3,46,500 at 7% of the guideline value.

Where can I find the Sub Registrar Office for Officer Colony 2nd Cross Street?

The Sub Registrar Office for Officer Colony 2nd Cross Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more information through the provided link.