Guideline Value

Corporate

Guideline Value for POLICE LANE

₹3300/sq.ft.

The guideline value for Police Lane in Saidapet village (Chennai South Joint Ii SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Saidapet

Village

Chennai South Joint II

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹883 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹705 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510538
[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 Police Lane

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Police Lane guideline value

The current guideline value of Police Lane in Saidapet village, under the Chennai South Joint II SRO, is Rs 3,300 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class III Type - I.

How the guideline value of Police Lane has changed

The guideline value of Police Lane has seen several revisions over the years. The earliest recorded figure is from 2002, which was Rs 705 per sq.ft. This value increased to Rs 883 per sq.ft in 2003, marking a 25% rise. In 2007, the guideline value further increased to Rs 1,300 per sq.ft, representing a 47% change. The following revision in 2012 saw a significant jump to Rs 3,000 per sq.ft, an increase of 131% from the previous value. However, in 2017, the value dropped to Rs 2,010 per sq.ft, reflecting a decrease of 33%. The guideline value then rose to Rs 3,000 per sq.ft in 2023, before reaching the current figure of Rs 3,300 per sq.ft in 2024, which is a 10% increase from 2023.

Overall, from 2002 to 2024, the guideline value has increased by 368%. The register has no figures for the years not mentioned in the revisions above.

Guideline values in Saidapet

In Saidapet, there are 106 streets under the Chennai South Joint II SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 13,200 per sq.ft, with a median value of Rs 4,400 per sq.ft. Police Lane's 2024 figure is below this median.

Stamp duty and registration fee for property in Police Lane

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000. Together, the total would be Rs 2,97,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Police Lane?

The Sub Registrar Office that covers Police Lane is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process of property transactions in Saidapet. It determines the minimum value at which a property can be registered, ensuring that the state collects the appropriate stamp duty and registration fees based on this value.

When buying or selling property, both parties must agree on a sale price that meets or exceeds the guideline value. This ensures compliance with legal requirements and helps in the accurate calculation of applicable fees.

Frequently asked questions

What is the current guideline value of Police Lane?

The current guideline value of Police Lane is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 705 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 368%.

What is the land classification of Police Lane?

The land classification for Police Lane is Residential Class III Type - I.

What are the other streets in Saidapet and their guideline values?

Other streets in Saidapet include Police Quarters Street at Rs 4,400 per sq.ft and several streets at Rs 4,950 per sq.ft. The guideline values vary across these streets.

Where can I find the Sub Registrar Office for Police Lane?

The Sub Registrar Office for Police Lane is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.