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Guideline Value

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Guideline Value for Hindu Colony 2nd Main Road 3rd Cross Street

₹2750/sq.ft.

The guideline value for Hindu Colony 2nd Main Road 3rd 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 3rd Cross Street

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Hindu Colony 2nd Main Road 3rd Cross Street guideline value

The current guideline value of Hindu Colony 2nd Main Road 3rd 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 SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Hindu Colony 2nd Main Road 3rd Cross Street has changed

The guideline value register shows no figures for Hindu Colony 2nd Main Road 3rd Cross Street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 2,750 per sq.ft.

Since the 2024 revision is the only figure available, there have been no changes recorded between the revisions for this street. Therefore, the current guideline value remains consistent with the 2024 figure.

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. The median guideline value for the area is Rs 2,750 per sq.ft, which is equal to the current figure for Hindu Colony 2nd Main Road 3rd Cross Street.

Stamp duty and registration fee for property in Hindu Colony 2nd Main Road 3rd 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, resulting in a total of 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.

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

Which Sub Registrar Office covers Hindu Colony 2nd Main Road 3rd Cross Street?

The Sub Registrar Office that covers Hindu Colony 2nd Main Road 3rd Cross Street is the Velacheri Sub Registrar Office. The office is 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 during the registration of property transactions in Madipakkam-1. It serves as a benchmark for determining the stamp duty and registration fees that are payable when buying or selling property in the area.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable charges. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Hindu Colony 2nd Main Road 3rd Cross Street?

The current guideline value of Hindu Colony 2nd Main Road 3rd Cross Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

What land classification is Hindu Colony 2nd Main Road 3rd Cross Street?

The land classification for Hindu Colony 2nd Main Road 3rd Cross Street is Residential Class I Type - III.

What are the other streets with the same guideline value in Madipakkam-1?

Other streets in Madipakkam-1 with the same guideline value of Rs 2,750 per sq.ft include Hindu Colony 2nd Main Road 2nd Cross Street, Hindu Colony 2nd Main Road 4th Cross Street, Hindu Colony 2nd Main Road 1st Cross Street, Hindu Colony 2nd Street, Hindu Colony 2nd Main Road, and Hindu Colony 3rd Cross Street.

How is the stamp duty calculated for properties in this area?

Stamp duty for properties in Hindu Colony 2nd Main Road 3rd Cross Street is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,92,500.

Where can I find the Sub Registrar Office for Hindu Colony 2nd Main Road 3rd Cross Street?

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