Guideline Value

Corporate

Guideline Value for Officers Colony 2nd Main Road

₹5000/sq.ft.

The guideline value for Officers Colony 2nd 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 2nd Main Road

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Officers Colony 2nd Main Road guideline value

The current guideline value of Officers Colony 2nd Main Road is Rs 5,000 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village and falls under the Alandur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Officers Colony 2nd Main Road has changed

The guideline value for Officers Colony 2nd Main Road has undergone several revisions over the years. The earliest recorded figure is from 2002, which was Rs 266 per sq.ft. This increased to Rs 650 per sq.ft in 2003, marking a significant increase of 144%. By 2007, the value rose sharply to Rs 900 per sq.ft, reflecting a 38% increase. The value then jumped dramatically to Rs 4,500 per sq.ft in 2012, a substantial increase of 400%. However, from 2012 to 2017, the value decreased to Rs 3,015 per sq.ft, which is a decline of 33%. The guideline value then increased to Rs 4,500 per sq.ft in 2023, before reaching the current value of Rs 5,000 per sq.ft in 2024, which is an increase of 11%.

Overall, from 2002 to 2024, the guideline value has increased by 1,780%. There are no figures available for the revisions in years other than those listed.

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. The guideline value of Officers Colony 2nd Main Road is above this median.

Stamp duty and registration fee for property in Officers Colony 2nd Main Road

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 50,00,000. The stamp duty at 7% amounts to Rs 3,50,000, and the registration fee at 2% is Rs 1,00,000, bringing the total to Rs 4,50,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Officers Colony 2nd Main Road?

The Sub Registrar Office that covers Officers Colony 2nd 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 details.

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

The guideline value is an important factor when buying or selling property in Adambakkam. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher amount will be used for calculating the duties.

When registering a property, it is essential to consider the guideline value as it impacts the overall cost of the transaction. This ensures that all parties are aware of the financial obligations involved in the property transfer process.

Frequently asked questions

What is the current guideline value of Officers Colony 2nd Main Road?

The current guideline value of Officers Colony 2nd 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 increased from Rs 266 per sq.ft in 2002 to Rs 5,000 per sq.ft in 2024, reflecting an overall increase of 1,780% over the years.

What are the registration fees for property in Officers Colony 2nd Main Road?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers this area?

The Alandur Sub Registrar Office covers Officers Colony 2nd Main Road, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification for Officers Colony 2nd Main Road?

The land classification for Officers Colony 2nd Main Road is Residential Class I Type - I.