Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for Teachers Colony 4th Layout, Lakshmipuram (Ward-26)

₹2450/sq.ft.

The guideline value for Teachers Colony 4th Layout, Lakshmipuram (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 4th Layout, Lakshmipuram (ward-26)

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Teachers Colony 4th Layout, Lakshmipuram (Ward-26) guideline value

The current guideline value for Teachers Colony 4th Layout, Lakshmipuram (Ward-26) is Rs 2,450 per sq.ft, effective from 1 July 2024. This area falls under Madhavaram village and the Madhavaram Sub Registrar Office (SRO). The land classification for this street is Industries Type - I.

How the guideline value of Teachers Colony 4th Layout, Lakshmipuram (Ward-26) has changed

The guideline value for Teachers Colony 4th Layout, Lakshmipuram (Ward-26) has seen several revisions over the years. The earliest recorded revision is from 2012, where the value was set at Rs 2,000 per sq.ft. Following this, the most recent revision in 2024 increased the value to Rs 2,450 per sq.ft, marking a change of +23% from the 2012 figure.

There are no figures available for the years 2023, 2017, 2007, 2003, and 2002 for this street. Thus, the only revisions that have been recorded are from 2012 and 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 value for these streets is Rs 1,600 per sq.ft, placing the 2024 figure for Teachers Colony 4th Layout, Lakshmipuram above this median.

Stamp duty and registration fee for property in Teachers Colony 4th Layout, Lakshmipuram (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 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.

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

Which Sub Registrar Office covers Teachers Colony 4th Layout, Lakshmipuram (Ward-26)?

The Madhavaram Sub Registrar Office covers Teachers Colony 4th Layout, Lakshmipuram (Ward-26). The office is 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 in the registration process of property transactions in Madhavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the expected value of the property. It is essential for ensuring compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value for Teachers Colony 4th Layout, Lakshmipuram (Ward-26)?

The current guideline value for Teachers Colony 4th Layout, Lakshmipuram (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 changed from Rs 2,000 per sq.ft in 2012 to Rs 2,450 per sq.ft in 2024, representing a +23% increase. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002 for this street.

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. The duty is charged on the higher of the guideline value or the sale price.

Which Sub Registrar Office covers this area?

The Madhavaram Sub Registrar Office covers Teachers Colony 4th Layout, Lakshmipuram (Ward-26). It is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the land classification for Teachers Colony 4th Layout?

The land classification for Teachers Colony 4th Layout, Lakshmipuram (Ward-26) is Industries Type - I. This classification is important for understanding the permitted uses of the land.