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Guideline Value

Corporate

Guideline Value for Teachers Colony 2nd Cross st ( Ward No.26 )

₹2450/sq.ft.

The guideline value for Teachers Colony 2nd Cross St ( 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 2nd Cross St ( Ward No.26 )

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Teachers Colony 2nd Cross st ( Ward No.26 ) guideline value

The current guideline value for Teachers Colony 2nd Cross st ( 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, classified as Industries Type - I.

How the guideline value of Teachers Colony 2nd Cross st ( Ward No.26 ) has changed

The guideline value for this street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which then decreased to Rs 1,541 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,300 per sq.ft in 2023, and the most recent 2024 revision has raised it further to Rs 2,450 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

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

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets with 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 2nd Cross st ( Ward No.26 ) is above this median.

Stamp duty and registration fee for property in Teachers Colony 2nd Cross st ( 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, making the total cost for these fees 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 our stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Teachers Colony 2nd Cross st ( Ward No.26 )?

The Sub Registrar Office that covers Teachers Colony 2nd Cross st ( 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 critical factor during the registration of property transactions in Madhavaram. It serves as a benchmark for determining the minimum price at which a property can be sold or bought, ensuring that the transaction is recorded accurately in the official registers.

When you register a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Teachers Colony 2nd Cross st ( Ward No.26 )?

The current guideline value for Teachers Colony 2nd Cross st ( 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 transactions?

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.

What is the classification of land in Teachers Colony 2nd Cross st?

The land classification for Teachers Colony 2nd Cross st ( Ward No.26 ) is Industries Type - I.

Where is the Sub Registrar Office for Teachers Colony 2nd Cross st located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060, and it covers Teachers Colony 2nd Cross st ( Ward No.26 ).