Guideline Value

Corporate

Guideline Value for Police Colony Line

₹200/sq.ft.

The guideline value for Police Colony Line in Arani village (Arani_tiruvallur SRO, Chennai zone) is Rs 200 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Arani

Village

Arani_Tiruvallur

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹200 /sq.ft.
From 1-4-2023 ₹200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹134 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹150 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹53 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹47 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.10, S.p Kovil Street, Arani,ponneri(tk),thiruvallur(dt) - 601 101
044-27927859
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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]

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Police Colony Line guideline value

The current guideline value of Police Colony Line is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Arani village under the Arani_Tiruvallur SRO, classified as Residential Class IV Type - I.

How the guideline value of Police Colony Line has changed

The guideline value for Police Colony Line has undergone several revisions since 2002. The 2002 revision set the value at Rs 47 per sq.ft, which increased to Rs 53 per sq.ft in 2003, marking a 13% rise. In 2007, the value further increased to Rs 150 per sq.ft, a significant jump of 183%. The 2012 revision saw a decrease to Rs 200 per sq.ft, which remained unchanged until the 2017 revision, where it was set at Rs 134 per sq.ft, reflecting a 33% decline. The guideline value then rose to Rs 200 per sq.ft in 2023, and it has remained the same in the 2024 revision.

From 2017 to 2023, the value increased by 49%. Overall, from 2002 to 2024, the guideline value has increased by 326%. There are no figures available for other revisions for this street.

Guideline values in Arani

In Arani, there are 51 streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 600 per sq.ft, with a median value of Rs 300 per sq.ft. Police Colony Line's 2024 figure is below this median.

Stamp duty and registration fee for property in Police Colony Line

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value is Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. 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 Colony Line?

The Police Colony Line is covered by the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri(tk), Thiruvallur(dt) - 601 101. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Arani. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the higher value between the guideline value and the sale price 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 Police Colony Line?

The current guideline value of Police Colony Line is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, with the most recent revision in 2024 maintaining the value at Rs 200 per sq.ft. The value has seen an overall increase of 326% from 2002 to 2024.

What is the land classification for Police Colony Line?

Police Colony Line is classified as Residential Class IV Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Police Colony Line?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees amount to Rs 18,000.

Which office handles the registration for Police Colony Line?

The registration for Police Colony Line is handled by the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri(tk), Thiruvallur(dt) - 601 101.