Guideline Value

Corporate

Guideline Value for T.N.G.O. Colony 3rd Main Road

₹4400/sq.ft.

The guideline value for T.n.g.o. Colony 3rd Main Road in Thalakanancherry village (Alandur SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thalakanancherry

Village

Alandur

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1700 /sq.ft.
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)

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 T.n.g.o. Colony 3rd Main Road

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T.N.G.O. Colony 3rd Main Road guideline value

The current guideline value of T.N.G.O. Colony 3rd Main Road, located in Thalakanancherry village under the Alandur SRO, is Rs 4,400 per sq.ft as per the 2024 revision effective from 1 July 2024. This area is classified as Residential Class I Type - II.

How the guideline value of T.N.G.O. Colony 3rd Main Road has changed

Over the years, the guideline value for T.N.G.O. Colony 3rd Main Road has seen significant changes. The earliest recorded figure is from the 2007 revision, which was Rs 1,700 per sq.ft. This increased to Rs 4,000 per sq.ft in the 2012 revision, reflecting a rise of 135%. However, it then dropped to Rs 2,680 per sq.ft in 2017, marking a decrease of 33%. The value surged again to Rs 4,000 per sq.ft in 2023, and subsequently increased to Rs 4,400 per sq.ft in 2024, a rise of 10% from the previous year.

From 2017 to 2023, the value increased by 49%. Overall, from 2007 to 2024, the guideline value has risen by 159%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO with the 2024 guideline values ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, positioning T.N.G.O. Colony 3rd Main Road above this median.

Stamp duty and registration fee for property in T.N.G.O. Colony 3rd Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers T.N.G.O. Colony 3rd Main Road?

The Sub Registrar Office that covers T.N.G.O. Colony 3rd Main Road 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 Thalakanancherry

The guideline value is a crucial factor in the registration process when buying or selling property in Thalakanancherry. It determines the minimum value at which property transactions are registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When a property is sold, the guideline value serves as a benchmark for calculating the stamp duty and registration fees. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher, ensuring that both parties are protected in the transaction.

Frequently asked questions

What is the current guideline value of T.N.G.O. Colony 3rd Main Road?

The current guideline value of T.N.G.O. Colony 3rd Main Road is Rs 4,400 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 1,700 per sq.ft in 2007, rising to Rs 4,000 in 2012, dropping to Rs 2,680 in 2017, and increasing to Rs 4,400 in 2024.

What is the land classification for T.N.G.O. Colony 3rd Main Road?

T.N.G.O. Colony 3rd Main Road is classified as Residential Class I Type - II, indicating its suitability for residential development.

Where can I find the registration office for T.N.G.O. Colony 3rd Main Road?

The registration office for T.N.G.O. Colony 3rd Main Road is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 44,00,000 would incur a stamp duty of Rs 3,08,000 at a rate of 7%.