Guideline Value

Corporate

Guideline Value for Officers Colony 2nd Cross Street

₹5000/sq.ft.

The guideline value for Officers Colony 2nd Cross 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 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 Officers Colony 2nd Cross Street

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Officers Colony 2nd Cross Street guideline value

The current guideline value of Officers Colony 2nd Cross 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 2nd Cross Street has changed

The guideline value for Officers Colony 2nd Cross Street has seen several revisions over the years. The earliest revision available is from 2012, which set the value at Rs 4,500 per sq.ft. In 2017, this value decreased to Rs 3,015 per sq.ft, marking a decline of 33%. However, in 2023, the value increased significantly to Rs 4,500 per sq.ft, and further rose to Rs 5,000 per sq.ft in the 2024 revision, reflecting an increase of 11% from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 11%.

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. The median guideline value in this area is Rs 3,900 per sq.ft, placing the guideline value of Officers Colony 2nd Cross Street above this median.

Stamp duty and registration fee for property in Officers Colony 2nd Cross 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. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

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

The Sub Registrar Office that covers Officers Colony 2nd Cross 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 information.

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

The guideline value is a crucial factor in property transactions in Adambakkam. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers must consider this value as it affects the overall cost of the transaction.

When you buy or sell property, the guideline value serves as a benchmark for the transaction price. It ensures that the government receives the appropriate revenue from property sales, as the stamp duty is calculated based on this value or the sale price, whichever is higher.

Frequently asked questions

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

The current guideline value of Officers Colony 2nd Cross 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 several revisions: Rs 4,500 per sq.ft in 2012, Rs 3,015 per sq.ft in 2017, Rs 4,500 per sq.ft in 2023, and Rs 5,000 per sq.ft in 2024.

What is the land classification for this street?

Officers Colony 2nd Cross Street is classified as Residential Class I Type - I.

Where is the Alandur Sub Registrar Office located?

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

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

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 50,00,000, the stamp duty at 7% would be Rs 3,50,000.