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Guideline Value

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Guideline Value for RAILWAY COLONY 3RD STREET EXTENSION

₹7700/sq.ft.

The guideline value for Railway Colony 3rd Street Extension in Vadaagaram village (Kodambakkam SRO, Chennai zone) is Rs 7700 per sq.ft, effective 1 July 2024. It was Rs 7000 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vadaagaram

Village

Kodambakkam

SRO

Mixed Type - I
History
Period Guideline Value
From 1-7-2024 ₹7700 /sq.ft.
From 1-4-2023 ₹7000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4690 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹7000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2000 /sq.ft.
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)

2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.
044-24843265
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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 Railway Colony 3rd Street Extension

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Railway Colony 3rd Street Extension guideline value

The current guideline value of Railway Colony 3rd Street Extension is Rs 7,700 per sq.ft, effective from 1 July 2024. This area is located in Vadaagaram village and falls under the Kodambakkam SRO. The land classification for this street is Mixed Type - I.

How the guideline value of Railway Colony 3rd Street Extension has changed

The guideline value for Railway Colony 3rd Street Extension has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 2,000 per sq.ft. This increased significantly to Rs 7,000 per sq.ft in 2012, marking a 250% rise. However, in 2017, the value decreased to Rs 4,690 per sq.ft, reflecting a decline of 33%. The value then rose to Rs 7,000 per sq.ft in 2023, before reaching the current figure of Rs 7,700 per sq.ft in 2024, which is a 10% increase from the previous year.

There are no recorded figures for the years 2002 and 2003 for this street. The overall change from 2007 to 2024 reflects an increase of 285% in the guideline value.

Guideline values in Vadaagaram

In Vadaagaram, there are 78 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median guideline value for these streets is Rs 6,600 per sq.ft, positioning Railway Colony 3rd Street Extension above this median.

Stamp duty and registration fee for property in Railway Colony 3rd Street Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value amounts to Rs 77,00,000. The stamp duty at 7% would be Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, leading to a total of Rs 6,93,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Railway Colony 3rd Street Extension?

The Kodambakkam Sub Registrar Office covers Railway Colony 3rd Street Extension. The office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Vadaagaram. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers must ensure that the sale price is in accordance with the guideline value to avoid any discrepancies during registration.

When a property is registered, the guideline value helps in calculating the applicable taxes, ensuring that both parties comply with the legal requirements. It is essential for buyers to be aware of the guideline value to make informed decisions during the purchase process.

Frequently asked questions

What is the current guideline value of Railway Colony 3rd Street Extension?

The current guideline value of Railway Colony 3rd Street Extension is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2007 to Rs 7,700 per sq.ft in 2024, reflecting an overall increase of 285% over the years.

What is the land classification for Railway Colony 3rd Street Extension?

The land classification for Railway Colony 3rd Street Extension is Mixed Type - I.

Where can I find the Kodambakkam Sub Registrar Office?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is stamp duty calculated for properties in Railway Colony 3rd Street Extension?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 77,00,000, the stamp duty at 7% would be Rs 5,39,000.