Guideline Value

Corporate

Guideline Value for Sardar Colony 1st Lane

₹3080/sq.ft.

The guideline value for Sardar Colony 1st Lane 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 N/A
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)

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 1st Lane

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Sardar Colony 1st Lane guideline value

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

How the guideline value of Sardar Colony 1st Lane has changed

The guideline value for Sardar Colony 1st Lane has seen several revisions over the years. In 2012, the guideline value was Rs 2,800 per sq.ft, which then decreased to Rs 1,876 per sq.ft in 2017. Following this, there was a significant increase to Rs 2,800 per sq.ft in 2023, and the current value stands at Rs 3,080 per sq.ft as of the 2024 revision. Notably, the register has no figure for this street in the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 49%. The most recent change from 2023 to 2024 reflects a 10% rise in the guideline value, bringing it to Rs 3,080 per sq.ft.

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, indicating that Sardar Colony 1st Lane's 2024 figure is below this median.

Stamp duty and registration fee for property in Sardar Colony 1st Lane

For a 1,000 sq.ft plot at the current rate of Rs 3,080 per sq.ft, the 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. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sardar Colony 1st Lane?

The Sardar Colony 1st Lane 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. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Ekkaduthangal. It serves as a benchmark for determining the minimum sale price of a property, ensuring that transactions are conducted at a fair value as set by the government.

When registering a property, buyers must pay stamp duty and registration fees based on either the guideline value or the sale price, whichever is higher. This ensures that the revenue collected from property transactions reflects the true value of the property being exchanged.

Frequently asked questions

What is the current guideline value of Sardar Colony 1st Lane?

The current guideline value of Sardar Colony 1st Lane 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 2,800 per sq.ft in 2012 to Rs 1,876 per sq.ft in 2017, then increased to Rs 2,800 per sq.ft in 2023, and is now Rs 3,080 per sq.ft in 2024.

What is the land classification for Sardar Colony 1st Lane?

Sardar Colony 1st Lane is classified as Residential Class IV Type - I.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 30,80,000, the stamp duty would be Rs 2,15,600, and the registration fee would be Rs 61,600, totaling Rs 2,77,200.

Which office handles registrations for Sardar Colony 1st Lane?

The Chennai South Joint I Sub Registrar Office handles registrations for Sardar Colony 1st Lane, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.