Guideline Value

Corporate

Guideline Value for Officers Colony 1st Main Road

₹5000/sq.ft.

The guideline value for Officers Colony 1st Main Road in Adambakkam village (Alandur SRO, Chennai zone) is Rs 5000 per sq.ft, effective 1 July 2024. It was Rs 4500 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

Adambakkam

Village

Alandur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹5000 /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 ₹900 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹650 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹266 /sq.ft.
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 Officers Colony 1st Main Road

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Officers Colony 1st Main Road guideline value

The current guideline value of Officers Colony 1st Main Road is Rs 5,000 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village, under the Alandur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Officers Colony 1st Main Road has changed

The guideline value for Officers Colony 1st Main Road has seen several revisions over the years. The earliest recorded revision in the register is from 2002, with a value of Rs 266 per sq.ft. This increased to Rs 650 per sq.ft in 2003, marking a significant rise of 144%. By 2007, the value surged to Rs 900 per sq.ft, reflecting a 38% increase. The value then experienced a remarkable jump to Rs 4,500 per sq.ft in 2012, which was a 400% increase from the previous revision.

However, the value dropped to Rs 3,015 per sq.ft in 2017, a decrease of 33%. In 2023, it rose again to Rs 4,500 per sq.ft, and as of the latest revision in 2024, it stands at Rs 5,000 per sq.ft, which is an increase of 11%. Overall, from 2002 to 2024, the guideline value has increased by 1780%.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO that have a 2024 guideline value ranging from Rs 2,800 to Rs 11,000 per sq.ft, with a median value of Rs 3,900 per sq.ft. The guideline value for Officers Colony 1st Main Road is above this median.

Stamp duty and registration fee for property in Officers Colony 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 5,000 per sq.ft, the guideline value amounts to Rs 50,00,000. The stamp duty at 7% would be Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, totaling Rs 4,50,000. It is important to note that 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 Officers Colony 1st Main Road?

The Sub Registrar Office that covers Officers Colony 1st Main Road 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 Adambakkam

The guideline value is a crucial factor in the registration process when buying or selling property in Adambakkam. It serves as a benchmark for determining the minimum value of the property, which is used to calculate the applicable stamp duty and registration fees.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. Buyers and sellers must be aware of this value to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Officers Colony 1st Main Road?

The current guideline value of Officers Colony 1st Main Road is Rs 5,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 266 per sq.ft in 2002 to Rs 5,000 per sq.ft in 2024, reflecting an overall increase of 1780% over the years.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 50,00,000, the stamp duty would be Rs 3,50,000 and the registration fee would be Rs 1,00,000, totaling Rs 4,50,000.

Which office handles the registration for Officers Colony 1st Main Road?

The Alandur Sub Registrar Office handles the registration for Officers Colony 1st Main Road, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How does the guideline value impact property transactions?

The guideline value impacts property transactions by determining the minimum value for registration, which affects the stamp duty and registration fees that buyers and sellers must pay.