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Guideline Value

Corporate

Guideline Value for SARDAR COLONY 3RD STREET

₹3080/sq.ft.

The guideline value for Sardar Colony 3rd Street in Ekkaduthangal village (Chennai South Joint I SRO, Chennai zone) is Rs 3080 per sq.ft, effective 1 July 2024. It was Rs 2800 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ekkaduthangal

Village

Chennai South Joint I

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹3080 /sq.ft.
From 1-4-2023 ₹2800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1876 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2800 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹728 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹631 /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
044-29510536
[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 Sardar Colony 3rd Street

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Sardar Colony 3rd Street guideline value

The current guideline value of Sardar Colony 3rd Street is Rs 3,080 per sq.ft, effective from 1 July 2024. This street is located in Ekkaduthangal village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Sardar Colony 3rd Street has changed

The guideline value for Sardar Colony 3rd Street has undergone several revisions over the years. The earliest recorded figure is Rs 631 per sq.ft in 2002, which increased to Rs 728 per sq.ft in 2003, marking a change of +15%. In 2007, the value rose significantly to Rs 1,000 per sq.ft, an increase of +37%. The value continued to rise to Rs 2,800 per sq.ft in 2012, reflecting a substantial increase of +180% from the previous revision. However, it decreased to Rs 1,876 per sq.ft in 2017, a decline of -33%. The value then surged to Rs 2,800 per sq.ft in 2023, representing an increase of +49%. The most recent revision in 2024 set the guideline value at Rs 3,080 per sq.ft, indicating a rise of +10% from the previous year.

There are no figures available for the revisions in years other than those specified. Overall, from 2002 to 2024, the guideline value has increased by +388%.

Guideline values in Ekkaduthangal

In Ekkaduthangal, there are 190 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 3,080 to Rs 8,800 per sq.ft, with a median value of Rs 4,620 per sq.ft. The guideline value for Sardar Colony 3rd Street is below this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,080 per sq.ft, the total guideline value amounts to Rs 30,80,000. The stamp duty at 7% would be Rs 2,15,600, and the registration fee at 2% would be Rs 61,600, bringing the total to Rs 2,77,200. It is important to note that 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 Sardar Colony 3rd Street?

The Sub Registrar Office that covers Sardar Colony 3rd Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. For more information, you can find your SRO.

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

The guideline value is a crucial factor during property registration in Ekkaduthangal. It serves as the basis for calculating stamp duty and registration fees, which are mandatory costs that buyers must consider when purchasing property.

When a property is sold, the guideline value helps determine the official value of the transaction. This ensures that the appropriate taxes are collected based on the established rates, safeguarding both the buyer and seller during the registration process.

Frequently asked questions

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

The current guideline value of Sardar Colony 3rd Street is Rs 3,080 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 631 per sq.ft in 2002 to Rs 3,080 per sq.ft in 2024, reflecting an overall increase of +388%.

What is the land classification for Sardar Colony 3rd Street?

The land classification for Sardar Colony 3rd Street is Residential Class IV Type - I.

Where can I find the Sub Registrar Office for Sardar Colony 3rd Street?

The Sub Registrar Office for Sardar Colony 3rd Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, on a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 2,15,600.