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Guideline Value

Corporate

Guideline Value for Teachers Colony 1st Cross Street (Ward 26)

₹2450/sq.ft.

The guideline value for Teachers Colony 1st Cross Street (ward 26) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 2450 per sq.ft, effective 1 July 2024. It was Rs 2300 per sq.ft from 1 April 2023, a 7% change. The land classification is Industries Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Industries Type - I
History
Period Guideline Value
From 1-7-2024 ₹2450 /sq.ft.
From 1-4-2023 ₹2300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1541 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /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 Teachers Colony 1st Cross Street (ward 26)

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Teachers Colony 1st Cross Street (Ward 26) guideline value

The current guideline value of Teachers Colony 1st Cross Street (Ward 26) is Rs 2,450 per sq.ft, effective from 1 July 2024. This area is located in Madhavaram village under the Madhavaram SRO, classified as Industries Type - I.

How the guideline value of Teachers Colony 1st Cross Street (Ward 26) has changed

Over the years, the guideline value of Teachers Colony 1st Cross Street has seen several revisions. The 2012 revision set the value at Rs 2,000 per sq.ft, which was followed by a decrease to Rs 1,541 per sq.ft in 2017. The value then increased significantly to Rs 2,300 per sq.ft in 2023, and the most recent revision in 2024 raised it further to Rs 2,450 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the value decreased by 23%. However, from 2017 to 2023, there was a substantial increase of 49%. The latest change from 2023 to 2024 reflects a 7% increase, resulting in an overall increase of 23% from 2012 to 2024.

Guideline values in Madhavaram

In Madhavaram village, the guideline values for 2024 range from Rs 1,300 to Rs 7,500 per sq.ft, with a median value of Rs 1,600 per sq.ft. The guideline value for Teachers Colony 1st Cross Street (Ward 26) is above this median.

Stamp duty and registration fee for property in Teachers Colony 1st Cross Street (Ward 26)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,450 per sq.ft, the total guideline value would be Rs 24,50,000. The stamp duty at 7% would amount to Rs 1,71,500, and the registration fee at 2% would be Rs 49,000, bringing the total cost for stamp duty and registration fees to Rs 2,20,500. Duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Teachers Colony 1st Cross Street (Ward 26)?

The Sub Registrar Office that covers Teachers Colony 1st Cross Street (Ward 26) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Madhavaram, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duty are calculated based on the guideline value or the sale price, whichever is higher.

When you buy or sell property, the guideline value ensures that the transaction is recorded accurately, reflecting the property's worth according to government standards. This helps maintain transparency in the real estate market and ensures that appropriate taxes are collected during the registration process.

Frequently asked questions

What is the current guideline value of Teachers Colony 1st Cross Street?

The current guideline value of Teachers Colony 1st Cross Street (Ward 26) is Rs 2,450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,541 per sq.ft in 2017, then increased to Rs 2,300 per sq.ft in 2023, and finally to Rs 2,450 per sq.ft in 2024.

What are the guideline values for other streets in Madhavaram?

Other streets in Madhavaram have guideline values ranging from Rs 2,450 per sq.ft, which is the same as Teachers Colony 1st Cross Street (Ward 26).

What is the registration fee for property in Teachers Colony 1st Cross Street?

The registration fee is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 24,50,000, the registration fee would be Rs 49,000 at 2%.

Which office handles registrations for Teachers Colony 1st Cross Street?

The Madhavaram Sub Registrar Office handles registrations for Teachers Colony 1st Cross Street (Ward 26), located at No.7, Roja Nagar, Madhavaram, Chennai-600060.