Guideline Value

Corporate

Guideline Value for Teacher's Colony Main Road

₹2700/sq.ft.

The guideline value for Teacher's Colony Main Road in Kodungaiyur village (Madhavaram SRO, Chennai zone) is Rs 2700 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kodungaiyur

Village

Madhavaram

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2700 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /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.7, Roja Nagar,madhavaram, Chennai-600060
044-25530001
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Teacher's Colony Main Road

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Teacher's Colony Main Road guideline value

The current guideline value for Teacher's Colony Main Road in Kodungaiyur village, under the Madhavaram SRO, is Rs 2,700 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - I land classification.

How the guideline value of Teacher's Colony Main Road has changed

The guideline value for Teacher's Colony Main Road has undergone several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which decreased to Rs 1,675 per sq.ft in the 2017 revision. However, the latest 2024 revision has increased the value to Rs 2,700 per sq.ft, marking a significant increase of 61% from the 2017 figure. Overall, from the 2012 to the 2024 revision, there has been a slight increase of 8%.

There are no figures available for the years 2002, 2003, 2007, and 2023 for this street, indicating that the guideline value remained unchanged during those periods.

Guideline values in Kodungaiyur

In Kodungaiyur, 1,318 streets carry a 2024 guideline value ranging from Rs 1,900 to Rs 4,000 per sq.ft, with a median value of Rs 2,700 per sq.ft. Teacher's Colony Main Road's 2024 figure aligns perfectly with this median.

Stamp duty and registration fee for property in Teacher's Colony Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total charges to Rs 2,43,000. It is important to note that 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 accurate calculations.

Which Sub Registrar Office covers Teacher's Colony Main Road?

The Madhavaram Sub Registrar Office covers Teacher's Colony Main Road. The office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Kodungaiyur. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buyers and sellers agree on a sale price, the higher value between the sale price and the guideline value is used to calculate the applicable duties and fees. This ensures compliance with local regulations and helps maintain transparency in property dealings.

Frequently asked questions

What is the current guideline value for Teacher's Colony Main Road?

The current guideline value for Teacher's Colony Main Road is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, and then increased to Rs 2,700 per sq.ft in 2024. The overall change from 2012 to 2024 is an increase of 8%.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000. Duty is charged on the higher of the guideline value or the sale price.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles registrations for properties in Teacher's Colony Main Road.

What other streets have the same guideline value as Teacher's Colony Main Road?

Other streets in Kodungaiyur that share the same guideline value of Rs 2,700 per sq.ft include Teacher's Colony 8th Cross Street, Teacher's Colony 7th Street, Teacher's Colony 7th Cross Street, Teacher's Colony 6th Street, Teacher's Colony 6th Cross Street, and Teacher's Colony 5th Street.