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Guideline Value

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Guideline Value for Sri Nagar Colony East Mada Veedhi

₹8300/sq.ft.

The guideline value for Sri Nagar Colony East Mada Veedhi in Venkatapuram village (Adayar SRO, Chennai zone) is Rs 8300 per sq.ft, effective 1 July 2024. It was Rs 7500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Venkatapuram

Village

Adayar

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹8300 /sq.ft.
From 1-4-2023 ₹7500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹5025 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹7500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹4000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1051 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹977 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.161(71/6), L.b Road (dr.muthulakshmi Salai) Tnhb Building,third Floor,thiruvanmiyur,chennai-600041
044-24415011
[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 Sri Nagar Colony East Mada Veedhi

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Sri Nagar Colony East Mada Veedhi guideline value

The current guideline value of Sri Nagar Colony East Mada Veedhi is Rs 8,300 per sq.ft, effective from 1 July 2024. This area is located in Venkatapuram village and falls under the Adayar SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Sri Nagar Colony East Mada Veedhi has changed

The guideline value for Sri Nagar Colony East Mada Veedhi has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 977 per sq.ft, which increased to Rs 1,051 per sq.ft in 2003. Following this, there was a significant rise to Rs 4,000 per sq.ft in 2007, and the value further increased to Rs 7,500 per sq.ft in 2012. However, between 2012 and 2017, the value decreased to Rs 5,025 per sq.ft. The 2023 revision saw a rise to Rs 7,500 per sq.ft, and the most recent revision in 2024 set the guideline value at Rs 8,300 per sq.ft.

In terms of percentage changes, the guideline value increased by 8% from 2002 to 2003, followed by a remarkable 281% increase from 2003 to 2007. The value then rose by 88% from 2007 to 2012, but saw a decrease of 33% from 2012 to 2017. The value increased by 49% from 2017 to 2023, and finally, there was an 11% increase from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by 750%.

Guideline values in Venkatapuram

In Venkatapuram, there are 36 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 15,400 per sq.ft, with a median value of Rs 5,500 per sq.ft. Sri Nagar Colony East Mada Veedhi's 2024 guideline value is above this median.

Stamp duty and registration fee for property in Sri Nagar Colony East Mada Veedhi

For a 1,000 sq.ft plot at the current guideline value of Rs 8,300 per sq.ft, the total guideline value would be Rs 83,00,000. The stamp duty at 7% would amount to Rs 5,81,000, and the registration fee at 2% would be Rs 1,66,000, bringing the total to Rs 7,47,000. 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 Sri Nagar Colony East Mada Veedhi?

The Sub Registrar Office that covers Sri Nagar Colony East Mada Veedhi is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Venkatapuram. It serves as a benchmark for determining the minimum value at which a property can be registered. This value is essential for calculating the stamp duty and registration fees that are required during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value for Sri Nagar Colony East Mada Veedhi?

The current guideline value for Sri Nagar Colony East Mada Veedhi is Rs 8,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly over the years, starting from Rs 977 per sq.ft in 2002 to Rs 8,300 per sq.ft in 2024, marking an overall increase of 750%.

What is the stamp duty for property in Sri Nagar Colony East Mada Veedhi?

The stamp duty for property in Sri Nagar Colony East Mada Veedhi is 7% of the guideline value or the sale price, whichever is higher.

Where is the Adayar Sub Registrar Office located?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum registration value of a property and is essential for calculating the stamp duty and registration fees during property transactions.