Guideline Value for TNEB Colony

TNEB Colony guideline value

The current guideline value of TNEB Colony in Anakaputhur village is Rs 1,760 per sq.ft, effective from 1 July 2024. This area falls under the Pammal Sub Registrar Office and is classified as Residential Class II Type - I.

How the guideline value of TNEB Colony has changed

The guideline value for TNEB Colony has undergone several revisions over the years. The earliest recorded figure is from 2003, where the guideline value was Rs 156 per sq.ft. This increased to Rs 300 per sq.ft in 2007, marking a significant change of +92%. By 2017, the value had risen dramatically to Rs 1,072 per sq.ft, reflecting a change of +257%. The 2023 revision set the value at Rs 1,600 per sq.ft, which was a +49% increase from 2017. The most recent revision in 2024 sees the guideline value at Rs 1,760 per sq.ft, representing a +10% increase from the previous year.

There are no figures available for the years 2002 and 2012 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by +1028%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, indicating that the guideline value for TNEB Colony is below this median.

• Thyagaraya Mudali Street: Rs 1,760 per sq.ft (2024)
• Thriuvalluvar Ist Cross Street: Rs 1,320 per sq.ft (2024)
• Thriuvalluvar IInd Cross Street: Rs 1,320 per sq.ft (2024)
• Thriuvalluvar IIIrd Cross Street: Rs 1,320 per sq.ft (2024)
• Thomaiyar Street: Rs 1,760 per sq.ft (2024)
• Tholar Stalin Nagar: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in TNEB Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200. Together, the total cost for these fees would be Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers TNEB Colony?

The TNEB Colony is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Anakaputhur, as it determines the amount of stamp duty and registration fees that need to be paid. During the registration process, the guideline value is used to calculate these fees, ensuring that they are based on the current market standards as set by the Registration Department.

When a property is sold, the guideline value serves as a benchmark to ensure that the transaction is recorded accurately and fairly. This helps maintain transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value of TNEB Colony?

The current guideline value of TNEB Colony is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 156 per sq.ft in 2003 to Rs 1,760 per sq.ft in 2024, representing an overall increase of +1028% over the years.

What is the land classification of TNEB Colony?

TNEB Colony is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 17,60,000, the total fees would amount to Rs 1,58,400.