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Guideline Value

Corporate

Guideline Value for Majit Colony 13th Street, Maduvankarai

₹4400/sq.ft.

The guideline value for Majit Colony 13th Street, Maduvankarai in Velachery village (Velacheri 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 Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II 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 N/A
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
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 Majit Colony 13th Street, Maduvankarai

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Majit Colony 13th Street, Maduvankarai guideline value

The current guideline value of Majit Colony 13th Street, Maduvankarai is Rs 4,400 per sq.ft, effective from 1 July 2024. This street falls under the Velacheri Sub Registrar Office (SRO) in Velachery village, classified as Residential Class II Type - II.

How the guideline value of Majit Colony 13th Street, Maduvankarai has changed

The guideline value for Majit Colony 13th Street has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 4,400 per sq.ft, a 10% increase from Rs 4,000 per sq.ft in the 2023 revision. Prior to that, the 2012 revision also recorded a guideline value of Rs 4,000 per sq.ft, indicating no change from 2012 to 2023. The register has no figures for the years 2002, 2003, 2007, and 2017 for this street.

Overall, from the 2012 revision to the 2024 revision, the guideline value increased by 10%. This consistent value through the years highlights the stability of the guideline value in this locality.

Guideline values in Velachery

In Velachery village, there are 2,691 streets under the Velacheri SRO, with guideline values ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, which aligns with the current guideline value of Majit Colony 13th Street.

Stamp duty and registration fee for property in Majit Colony 13th Street, Maduvankarai

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

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

Which Sub Registrar Office covers Majit Colony 13th Street, Maduvankarai?

The Majit Colony 13th Street, Maduvankarai is covered by 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 information.

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

The guideline value plays a crucial role in the registration process of property transactions in Velachery. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

It is essential for buyers and sellers to be aware of the current guideline value, as it can significantly impact the overall costs associated with property transactions. Understanding these values helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Majit Colony 13th Street?

The current guideline value of Majit Colony 13th Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased by 10% from Rs 4,000 per sq.ft in 2023 to Rs 4,400 per sq.ft in 2024. There was no change from 2012 to 2023, with both years recording a value of Rs 4,000 per sq.ft.

What is the classification of land for Majit Colony 13th Street?

Majit Colony 13th Street is classified as Residential Class II Type - II, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Majit Colony 13th Street?

The Velacheri Sub Registrar Office covers Majit Colony 13th Street and is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is stamp duty calculated for properties in Majit Colony 13th Street?

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