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Guideline Value

Corporate

Guideline Value for Teachers Colony 4th Main Road ( Ward No.26 )

₹2450/sq.ft.

The guideline value for Teachers Colony 4th Main Road ( Ward No.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 Main Road ( Ward No.26 )

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Teachers Colony 4th Main Road ( Ward No.26 ) guideline value

The current guideline value for Teachers Colony 4th 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 4th Main Road ( Ward No.26 ) has changed

In the 2012 revision, the guideline value was set at Rs 2,000 per sq.ft. This marked an increase of 23% to the current value of Rs 2,450 per sq.ft in the 2024 revision. The register has no figures for the revisions in 2023, 2017, 2007, 2003, and 2002 for this street.

From 2012 to 2024, the increase in the guideline value reflects changes in the area and its classification. The 2024 figure of Rs 2,450 per sq.ft is significantly higher than the earlier figure from 2012.

Guideline values in Madhavaram

The guideline values for the 1,946 streets in Madhavaram under the Madhavaram SRO 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 4th Main Road ( Ward No.26 ) is above this median.

Stamp duty and registration fee for property in Teachers Colony 4th 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 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 to Rs 2,20,500. Duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Teachers Colony 4th Main Road ( Ward No.26 )?

The Sub Registrar Office that covers Teachers Colony 4th 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 critical factor in property transactions in Madhavaram, as it determines the minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value serves as a benchmark for the transaction. If the sale price is higher than the guideline value, the duty is charged on the sale price instead, ensuring that the government receives the appropriate taxes based on the actual market conditions.

Frequently asked questions

What is the current guideline value for Teachers Colony 4th Main Road?

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

What is the land classification for Teachers Colony 4th Main Road?

Teachers Colony 4th Main Road is classified as Industries Type - I. This classification can affect the usage and development potential of the land.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is 2%. For example, a 1,000 sq.ft plot at the current guideline value would incur a total cost of Rs 2,20,500 in duties and fees.

Where can I find the Sub Registrar Office for this area?

The Madhavaram Sub Registrar Office covers Teachers Colony 4th Main Road ( Ward No.26 ) and is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find more details through the provided link.