Guideline Value

Corporate

Guideline Value for Sinderi Colony

₹2750/sq.ft.

The guideline value for Sinderi Colony in Kovilambakkam village (Pallavaram SRO, Chengalpattu zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Kovilambakkam

Village

Pallavaram

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹350 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹77 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹61 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044
044-22413425
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sinderi Colony

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Sinderi Colony guideline value

The current guideline value of Sinderi Colony, located in Kovilambakkam village, is Rs 2,750 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - I land classification. The area is governed by the Pallavaram Sub Registrar Office (SRO).

How the guideline value of Sinderi Colony has changed

The guideline value for Sinderi Colony has seen significant changes over the years. In 2002, the guideline value was Rs 61 per sq.ft, which increased to Rs 77 per sq.ft in 2003. Following this, the value rose dramatically to Rs 350 per sq.ft in 2007, and then to Rs 2,500 per sq.ft in 2012. However, it experienced a decrease to Rs 1,675 per sq.ft in 2017. The value then increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,750 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 4,408%. Notably, the value saw a significant rise of 614% from 2007 to 2012, and a 49% increase from 2017 to 2023. The register has no figure for the years not mentioned in this context.

Guideline values in Kovilambakkam

Kovilambakkam village has 61 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 5,610 per sq.ft. The guideline value for Sinderi Colony aligns with the median value of Rs 2,750 per sq.ft in the village.

Stamp duty and registration fee for property in Sinderi Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total charges to Rs 2,47,500. 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 information.

Which Sub Registrar Office covers Sinderi Colony?

The Sinderi Colony is covered by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. To find your specific SRO, you can find your SRO.

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

The guideline value plays a crucial role in the registration process of properties in Kovilambakkam. It is used to determine the stamp duty and registration fees that buyers and sellers must pay during the transaction. This value ensures that the property is assessed fairly for taxation purposes.

When buying or selling property, it is essential to refer to the current guideline value, as it affects the overall cost of the transaction. Buyers should be aware that the guideline value is a critical factor in the financial aspects of property ownership.

Frequently asked questions

What is the current guideline value of Sinderi Colony?

The current guideline value of Sinderi Colony is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 61 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, showing an overall increase of 4,408% over the years.

What is the registration office for Sinderi Colony?

The registration office for Sinderi Colony is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is stamp duty calculated in Sinderi Colony?

Stamp duty in Sinderi Colony is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate incurs a stamp duty of Rs 1,92,500.

What are the guideline values of other streets in Kovilambakkam?

Other streets in Kovilambakkam have varying guideline values, ranging from Rs 1,320 to Rs 5,610 per sq.ft. Some examples include Self Help Industrial at Rs 2,750 per sq.ft and Srisakthi Nagar at Rs 4,070 per sq.ft.