Guideline Value

Corporate

Guideline Value for Railway Colony 5th Layout

₹3900/sq.ft.

The guideline value for Railway Colony 5th Layout in Adambakkam village (Alandur SRO, Chennai zone) is Rs 3900 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Adambakkam

Village

Alandur

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹3900 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹900 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹470 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹412 /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 Railway Colony 5th Layout

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Railway Colony 5th Layout guideline value

The current guideline value of Railway Colony 5th Layout is Rs 3,900 per sq.ft, effective from 1 July 2024. This layout is located in Adambakkam village under the Alandur SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Railway Colony 5th Layout has changed

The guideline value for Railway Colony 5th Layout has seen several revisions over the years. In 2002, the value was Rs 412 per sq.ft, which increased to Rs 470 per sq.ft in 2003. By 2007, the value rose significantly to Rs 900 per sq.ft, followed by a jump to Rs 3,500 per sq.ft in 2012. However, it decreased to Rs 2,345 per sq.ft in 2017. The value then increased to Rs 3,500 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 3,900 per sq.ft.

Examining the changes between these revisions reveals notable fluctuations. From 2002 to 2003, the increase was +14%. The value surged by +91% from 2003 to 2007. A significant rise of +289% occurred from 2007 to 2012, followed by a decrease of -33% from 2012 to 2017. The value then increased by +49% from 2017 to 2023, and the latest revision from 2023 to 2024 shows an increase of +11%. Overall, from 2002 to 2024, the guideline value has increased by +847%.

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 is Rs 3,900 per sq.ft, which is equal to the current value of Railway Colony 5th Layout. Below are the guideline values of other streets in Adambakkam:

Stamp duty and registration fee for property in Railway Colony 5th Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, totaling Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Railway Colony 5th Layout?

The Sub Registrar Office that covers Railway Colony 5th Layout 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 during the registration of property transactions in Adambakkam. It serves as a benchmark for determining the minimum sale price of a property, ensuring that the registration fees and stamp duties are calculated accordingly.

When buying or selling property, it is essential to be aware of the guideline value, as it impacts the overall costs involved in the transaction. Buyers should ensure they are informed about the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Railway Colony 5th Layout?

The current guideline value of Railway Colony 5th Layout is Rs 3,900 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 412 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of +847% over the years.

What is the land classification for Railway Colony 5th Layout?

The land classification for Railway Colony 5th Layout is Residential Class I Type - III.

Where can I find the registration office for Railway Colony 5th Layout?

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

How is stamp duty calculated for properties in Railway Colony 5th Layout?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot valued at Rs 3,900 per sq.ft incurs a stamp duty of Rs 2,73,000.