Guideline Value

Corporate

Guideline Value for SRVS Colony/Pari Colony

₹2200/sq.ft.

The guideline value for Srvs Colony/pari Colony in Madipakkam-1 village (Velacheri SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madipakkam-1

Village

Velacheri

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
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 Srvs Colony/pari Colony

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SRVS Colony/Pari Colony guideline value

The current guideline value of SRVS Colony/Pari Colony is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Madipakkam-1 village under the Velacheri SRO, classified as Residential Class II Type - I.

How the guideline value of SRVS Colony/Pari Colony has changed

In the 2017 revision, the guideline value was Rs 1,340 per sq.ft. This figure increased to Rs 2,200 per sq.ft in the 2024 revision, marking a significant change of +64% over this period. The register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for this street.

The guideline value has seen a substantial increase from the 2017 revision to the 2024 revision. The previous revisions do not provide any figures for SRVS Colony/Pari Colony, indicating a lack of data for those years.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1823 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 value for these streets is Rs 2,750 per sq.ft, placing SRVS Colony/Pari Colony's 2024 figure below this median.

Stamp duty and registration fee for property in SRVS Colony/Pari Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total charges to Rs 1,98,000. Duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers SRVS Colony/Pari Colony?

The SRVS Colony/Pari Colony falls under 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 Madipakkam-1

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which properties can be registered. When buying or selling property in Madipakkam-1, the guideline value is used to calculate the stamp duty and registration fees payable.

During the registration process, buyers must ensure that the sale price is equal to or higher than the guideline value to avoid any legal issues. This ensures transparency and compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of SRVS Colony/Pari Colony?

The current guideline value of SRVS Colony/Pari Colony is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, representing a change of +64%. The register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for this street.

What are the other streets in Madipakkam-1 with their guideline values?

Other streets in Madipakkam-1 include SRVS Colony Ext at Rs 2,200 per sq.ft, SRVS Ganga Kaveri Street at Rs 2,750 per sq.ft, and others with varying values. The median value for the area is Rs 2,750 per sq.ft.

How is stamp duty calculated for properties in SRVS Colony/Pari Colony?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 22,00,000 would incur a stamp duty of Rs 1,54,000.

Where can I find the Sub Registrar Office for SRVS Colony/Pari Colony?

The Velacheri Sub Registrar Office, which covers SRVS Colony/Pari Colony, is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.