Guideline Value

Corporate

Guideline Value for SARDAR COLONY IST STREET

₹3080/sq.ft.

The guideline value for Sardar Colony Ist 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 Ist Street

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Sardar Colony Ist Street guideline value

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

How the guideline value of Sardar Colony Ist Street has changed

The guideline value for Sardar Colony Ist Street has seen several revisions over the years. In 2002, the value was Rs 631 per sq.ft, which increased to Rs 728 per sq.ft in 2003. The value then rose significantly to Rs 1,000 per sq.ft in 2007, followed by a substantial increase to Rs 2,800 per sq.ft in 2012. However, it dropped to Rs 1,876 per sq.ft in 2017. The value was revised to Rs 2,800 per sq.ft in 2023, and currently stands at Rs 3,080 per sq.ft in 2024.

In terms of percentage changes, the guideline value increased by 15% from 2002 to 2003, followed by a 37% increase from 2003 to 2007. The value surged by 180% from 2007 to 2012, but then fell by 33% from 2012 to 2017. After that, there was a 49% increase from 2017 to 2023, and a further 10% increase from 2023 to 2024. 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 with a 2024 guideline value ranging from Rs 3,080 to Rs 8,800 per sq.ft. The median value for these streets is Rs 4,620 per sq.ft, placing Sardar Colony Ist Street below that median.

Stamp duty and registration fee for property in Sardar Colony Ist Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,080 per sq.ft, the total guideline value would be Rs 30,80,000. The stamp duty at 7% would amount to 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 the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sardar Colony Ist Street?

The Sardar Colony Ist Street is covered by 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. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Ekkaduthangal. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must be aware of the guideline value to ensure compliance with registration requirements.

During the registration process, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that all transactions are conducted transparently and in accordance with government regulations.

Frequently asked questions

What is the current guideline value of Sardar Colony Ist Street?

The current guideline value of Sardar Colony Ist 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% over this period.

What is the median guideline value in Ekkaduthangal?

The median guideline value in Ekkaduthangal is Rs 4,620 per sq.ft, which is higher than the current value of Sardar Colony Ist Street.

What are the stamp duty and registration fees for properties in Sardar Colony Ist Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 30,80,000, resulting in a stamp duty of Rs 2,15,600 and a registration fee of Rs 61,600, totaling Rs 2,77,200.

Where is the Sub Registrar Office for Sardar Colony Ist Street located?

The Sub Registrar Office covering Sardar Colony Ist Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.