Guideline Value

Corporate

Guideline Value for Officers Colony Centre Street

₹5000/sq.ft.

The guideline value for Officers Colony Centre 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 Centre Street

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Officers Colony Centre Street guideline value

The current guideline value of Officers Colony Centre 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 Centre Street has changed

The guideline value for Officers Colony Centre Street has seen several revisions over the years. The 2012 revision set the value at Rs 4,500 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 3,015 per sq.ft. The subsequent revisions showed an increase, with the 2023 figure rising to Rs 4,500 per sq.ft. The latest revision in 2024 has increased the guideline value to Rs 5,000 per sq.ft, marking an 11% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 11%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

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 of Officers Colony Centre Street is above this median.

Stamp duty and registration fee for property in Officers Colony Centre 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, making the total 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 Centre Street?

The Sub Registrar Office that covers Officers Colony Centre 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 is an essential factor when buying or selling property in Adambakkam. It serves as a benchmark for determining the registration fees and stamp duty payable during the transaction. Buyers must consider the guideline value when negotiating the sale price, as it directly influences the total costs involved in the property transfer.

At the time of registration, the buyer will be required to pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Officers Colony Centre Street?

The current guideline value for Officers Colony Centre 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 changed from Rs 4,500 per sq.ft in 2023 to Rs 5,000 per sq.ft in 2024, representing an 11% increase. It was Rs 3,015 per sq.ft in 2017 and Rs 4,500 per sq.ft in 2012, showing a significant increase over the years.

What are the other streets in Adambakkam with similar guideline values?

Other streets in Adambakkam with a 2024 guideline value of Rs 5,000 per sq.ft include Officers Colony 5th Street, Officers Colony Cross Street, Officers Colony 4th Street, Officers Colony 4th Main Road, and Officers Colony West street.

What is the registration fee based on the guideline value?

The registration fee is calculated based on the guideline value. For example, for a property valued at Rs 50,00,000, the registration fee would be 2% of that amount, which is Rs 1,00,000.

Where can I find the Sub Registrar Office for Officers Colony Centre Street?

The Sub Registrar Office for Officers Colony Centre Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.