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Guideline Value

Corporate

Guideline Value for Teachers Colony 3rd Cross Street (Ward 26)

₹2450/sq.ft.

The guideline value for Teachers Colony 3rd Cross Street (ward 26) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 2450 per sq.ft, effective 1 July 2024. 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 N/A
From 9-6-2017 To 31-3-2023 N/A
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 3rd Cross Street (ward 26)

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Teachers Colony 3rd Cross Street (Ward 26) guideline value

The current guideline value of Teachers Colony 3rd Cross Street (Ward 26) is Rs 2,450 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village, under the Madhavaram SRO, and is classified as Industries Type - I.

How the guideline value of Teachers Colony 3rd Cross Street (Ward 26) has changed

In the 2012 revision, the guideline value for Teachers Colony 3rd Cross Street was Rs 2,000 per sq.ft. The current 2024 revision shows an increase to Rs 2,450 per sq.ft, marking a change of +23% from the 2012 figure. There are no figures available for the revisions in 2023, 2017, 2007, 2003, and 2002 for this street.

Thus, the only revisions with figures are from 2012 and 2024. The significant increase from Rs 2,000 to Rs 2,450 reflects the latest valuation in 2024.

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. The median guideline value in this area is Rs 1,600 per sq.ft, placing the 2024 figure for Teachers Colony 3rd Cross Street above this median.

Stamp duty and registration fee for property in Teachers Colony 3rd 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 fees together to Rs 2,20,500. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Teachers Colony 3rd Cross Street (Ward 26)?

The Sub Registrar Office that covers Teachers Colony 3rd 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 details.

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

The guideline value is a crucial factor during the registration of property transactions in Madhavaram. It determines the minimum value at which properties can be registered and is used to calculate the stamp duty and registration fees that buyers must pay.

When buying or selling property, it is essential to consider the guideline value, as it ensures that the transaction is recorded accurately and complies with local regulations. This value is especially relevant for determining the financial obligations associated with the purchase.

Frequently asked questions

What is the current guideline value for Teachers Colony 3rd Cross Street?

The current guideline value for Teachers Colony 3rd 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 increased from Rs 2,000 per sq.ft in 2012 to Rs 2,450 per sq.ft in 2024, reflecting a change of +23%. There are no figures available for the revisions in 2023, 2017, 2007, 2003, and 2002 for this street.

What is the land classification for Teachers Colony 3rd Cross Street?

Teachers Colony 3rd Cross Street is classified as Industries Type - I, which is important for understanding the zoning and usage regulations in the area.

Where can I calculate the stamp duty and registration fees?

You can calculate the stamp duty and registration fees using the stamp duty and registration fee calculator available online.

Which office handles registrations for Teachers Colony 3rd Cross Street?

The Madhavaram Sub Registrar Office handles registrations for Teachers Colony 3rd Cross Street (Ward 26), located at No.7, Roja Nagar, Madhavaram, Chennai-600060.