Guideline Value

Corporate

Guideline Value for Officers Colony 3rd Main Road

₹5000/sq.ft.

The guideline value for Officers Colony 3rd 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 3rd Main Road

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Officers Colony 3rd Main Road guideline value

The current guideline value of Officers Colony 3rd 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 3rd Main Road has changed

The guideline value for Officers Colony 3rd Main Road has undergone several revisions over the years. The earliest recorded revision was in 2002, which set the value at Rs 266 per sq.ft. This figure saw a significant increase to Rs 650 per sq.ft in 2003, marking a change of +144%. The value then rose to Rs 900 per sq.ft in 2007, an increase of +38%. In 2012, the guideline value was revised to Rs 4,500 per sq.ft, reflecting a substantial increase of +400%. However, it dropped to Rs 3,015 per sq.ft in 2017, a decrease of -33%. The value then increased to Rs 4,500 per sq.ft in 2023, followed by the current rate 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 +1780%. The register has no figures for the years not mentioned above.

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 value for these streets is Rs 3,900 per sq.ft, placing the 2024 guideline value of Officers Colony 3rd Main Road above this median.

Stamp duty and registration fee for property in Officers Colony 3rd Main Road

For a 1,000 sq.ft plot at the current rate of Rs 5,000 per sq.ft, the guideline value amounts to Rs 50,00,000. The stamp duty is charged at 7%, which totals Rs 3,50,000, and the registration fee is 2%, amounting to Rs 1,00,000. Therefore, the total cost for stamp duty and registration fee together is 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Officers Colony 3rd Main Road?

The Sub Registrar Office covering Officers Colony 3rd 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 property registration process in Adambakkam. It serves as the benchmark for determining the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements during the transaction.

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 government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Officers Colony 3rd Main Road?

The current guideline value of Officers Colony 3rd 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?

The stamp duty is charged at 7% and the registration fee at 2%. For a 1,000 sq.ft plot at the current rate, the total for these fees would be Rs 4,50,000.

Where is the Sub Registrar Office for this area located?

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

What is the land classification for Officers Colony 3rd Main Road?

The land classification for Officers Colony 3rd Main Road is Residential Class I Type - I.