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Guideline Value

Corporate

Guideline Value for Teachers Colony 1st Main Road ( Ward No.26 )

₹2450/sq.ft.

The guideline value for Teachers Colony 1st Main Road ( Ward No.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 Main Road ( Ward No.26 )

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Teachers Colony 1st Main Road ( Ward No.26 ) guideline value

The current guideline value for Teachers Colony 1st Main Road ( Ward No.26 ) is Rs 2,450 per sq.ft, effective from 1 July 2024. This area is located in Madhavaram village, under the Madhavaram SRO, and is classified as Industries Type - I.

How the guideline value of Teachers Colony 1st Main Road ( Ward No.26 ) has changed

Over the years, the guideline value for Teachers Colony 1st Main Road has seen several revisions. The earliest recorded figure is from 2012, which was Rs 2,000 per sq.ft. This was followed by a decrease to Rs 1,541 per sq.ft in 2017. In 2023, the value rose to Rs 2,300 per sq.ft, and the latest revision in 2024 has set it at Rs 2,450 per sq.ft. The register has no figure for this street in 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 23%. However, from 2017 to 2023, the guideline value increased significantly by 49%. The overall change from 2012 to 2024 shows an increase of 23% in the guideline value per sq.ft.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value ranging 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 Main Road is above this median.

Stamp duty and registration fee for property in Teachers Colony 1st Main Road ( Ward No.26 )

For a 1,000 sq.ft plot at the current guideline value of Rs 2,450 per sq.ft, the total guideline value amounts to Rs 24,50,000. The stamp duty at 7% would be Rs 1,71,500, and the registration fee at 2% would be Rs 49,000, bringing the total to Rs 2,20,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Teachers Colony 1st Main Road ( Ward No.26 )?

The Sub Registrar Office that covers Teachers Colony 1st Main Road ( Ward No.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 a crucial factor in the registration process of property transactions in Madhavaram. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the state receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher amount between the guideline value and the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value for Teachers Colony 1st Main Road?

The current guideline value for Teachers Colony 1st Main Road ( Ward No.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 stamp duty and registration fees for property in this area?

For a property valued at Rs 24,50,000, the stamp duty would be Rs 1,71,500 and the registration fee would be Rs 49,000, totaling Rs 2,20,500.

Which office handles property registrations for Teachers Colony 1st Main Road?

The Madhavaram Sub Registrar Office handles property registrations for Teachers Colony 1st Main Road, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the guideline value determined in Madhavaram?

The guideline value in Madhavaram is determined by the Registration Department and is revised periodically to reflect changes in the market conditions and property values in the area.