Guideline Value

Corporate

Guideline Value for Officers Colony 1st Street

₹5000/sq.ft.

The guideline value for Officers Colony 1st Street 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 Street

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Officers Colony 1st Street guideline value

The current guideline value of Officers Colony 1st Street 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 Street has changed

The guideline value for Officers Colony 1st Street has undergone several revisions over the years. In 2002, the guideline value was Rs 266 per sq.ft, which increased to Rs 650 per sq.ft in 2003, marking a significant rise of 144%. The value continued to increase, reaching Rs 900 per sq.ft in 2007, which was a 38% increase from the previous revision. However, there was a notable decrease to Rs 4,500 per sq.ft in 2012, reflecting a decline of 33% from 2017's value of Rs 3,015 per sq.ft.

In 2023, the guideline value was Rs 4,500 per sq.ft, and it increased by 11% to Rs 5,000 per sq.ft in the 2024 revision. Overall, from 2002 to 2024, the guideline value has risen by 1780%. The register has no figures for the years not mentioned in the revisions.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO that carry 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. Officers Colony 1st Street's 2024 figure is above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 5,000 per sq.ft, the total guideline value would be Rs 50,00,000. The stamp duty at 7% would amount to Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, bringing the total to Rs 4,50,000. Please 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 information.

Which Sub Registrar Office covers Officers Colony 1st Street?

The Sub Registrar Office that covers Officers Colony 1st Street 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 details.

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

The guideline value plays a crucial role in property transactions in Adambakkam. It is used to determine the stamp duty and registration fees payable when a property is bought or sold. Buyers and sellers must refer to the guideline value to ensure compliance with the local regulations during the registration process.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the registration process reflects the true value of the property as per the government's assessment.

Frequently asked questions

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

The current guideline value of Officers Colony 1st Street 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 seen significant changes, increasing from Rs 266 per sq.ft in 2002 to Rs 5,000 per sq.ft in 2024, which is an overall increase of 1780%.

What is the stamp duty for property in Officers Colony 1st Street?

The stamp duty for property in Officers Colony 1st Street is calculated at 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office located for Officers Colony 1st Street?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees payable during property transactions. It is essential for buyers and sellers to refer to this value to ensure compliance with local regulations.