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Guideline Value

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Guideline Value for Hindu Colony 2nd Main Road 1st Cross Street

₹2750/sq.ft.

The guideline value for Hindu Colony 2nd Main Road 1st Cross Street in Madipakkam-1 village (Velacheri SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madipakkam-1

Village

Velacheri

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
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)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[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 Hindu Colony 2nd Main Road 1st Cross Street

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Hindu Colony 2nd Main Road 1st Cross Street guideline value

The current guideline value for Hindu Colony 2nd Main Road 1st Cross Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village under the Velacheri Sub Registrar Office (SRO). The land classification for this area is Residential Class I Type - III.

How the guideline value of Hindu Colony 2nd Main Road 1st Cross Street has changed

The guideline value register shows no figures for Hindu Colony 2nd Main Road 1st Cross Street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only revision available is from 2024, which is Rs 2,750 per sq.ft.

As per the 2024 revision, the guideline value for this street is set at Rs 2,750 per sq.ft. There have been no changes between the revisions mentioned above.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft, with a median value of Rs 2,750 per sq.ft. The guideline value for Hindu Colony 2nd Main Road 1st Cross Street is equal to this median.

Stamp duty and registration fee for property in Hindu Colony 2nd Main Road 1st Cross Street

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, making the total cost for these fees Rs 2,47,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Hindu Colony 2nd Main Road 1st Cross Street?

The Sub Registrar Office that covers Hindu Colony 2nd Main Road 1st Cross Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value is a crucial factor when registering property transactions in Madipakkam-1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair valuation of the property. It is essential to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Hindu Colony 2nd Main Road 1st Cross Street?

The current guideline value for Hindu Colony 2nd Main Road 1st Cross Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How often does the guideline value get revised?

The guideline value is revised periodically, with the last revision occurring in 2024. Previous revisions for this street have no figures available for the years 2002, 2003, 2007, 2012, 2017, and 2023.

What is the land classification for Hindu Colony 2nd Main Road 1st Cross Street?

The land classification for Hindu Colony 2nd Main Road 1st Cross Street is Residential Class I Type - III.

Where can I find the Sub Registrar Office for this area?

The Velacheri Sub Registrar Office covers Hindu Colony 2nd Main Road 1st Cross Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 27,50,000, the stamp duty at 7% would be Rs 1,92,500.