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Guideline Value

Corporate

Guideline Value for Teachers Colony 5th Main Road ( Ward No.26 )

₹2450/sq.ft.

The guideline value for Teachers Colony 5th 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 5th Main Road ( Ward No.26 )

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Teachers Colony 5th Main Road ( Ward No.26 ) guideline value

The current guideline value for Teachers Colony 5th Main Road ( Ward No.26 ) is Rs 2,450 per sq.ft, effective from 1 July 2024. This area is located in Madhavaram village and falls under the Madhavaram SRO. The land classification for this street is Industries Type - I.

How the guideline value of Teachers Colony 5th Main Road ( Ward No.26 ) has changed

The guideline value for Teachers Colony 5th Main Road has seen significant changes over the years. The earliest recorded revision in the register is from 2012, which set the guideline value at Rs 2,000 per sq.ft. The most recent revision in 2024 increased this value to Rs 2,450 per sq.ft, reflecting a change of +23% from the 2012 figure.

There are no recorded figures for the revisions in the years 2002, 2003, 2007, 2017, and 2023 for this street. The 2024 revision marks a notable increase from the previous 2012 value, positioning it above the median guideline value in Madhavaram.

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 of Rs 1,600 per sq.ft. The guideline value for Teachers Colony 5th Main Road ( Ward No.26 ) is above this median, indicating a higher valuation compared to many other streets in the area.

Stamp duty and registration fee for property in Teachers Colony 5th 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 fees together 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 details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Teachers Colony 5th Main Road ( Ward No.26 )?

The Sub Registrar Office that covers Teachers Colony 5th Main Road ( Ward No.26 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. For more information, you can find your SRO.

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

The guideline value serves as a benchmark for property transactions in Madhavaram. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees payable at the time of registration.

It is essential for buyers and sellers to be aware of the guideline value as it can impact the overall costs associated with property transactions. This value is crucial for ensuring compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value for Teachers Colony 5th Main Road ( Ward No.26 )?

The current guideline value for Teachers Colony 5th Main Road ( Ward No.26 ) is Rs 2,450 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2012?

Since 2012, the guideline value has increased from Rs 2,000 per sq.ft to Rs 2,450 per sq.ft, which is a change of +23%.

Are there any years without recorded guideline values for this street?

Yes, the register has no recorded figures for the years 2002, 2003, 2007, 2017, and 2023 for Teachers Colony 5th Main Road.

What is the median guideline value for streets in Madhavaram?

The median guideline value for streets in Madhavaram is Rs 1,600 per sq.ft, while Teachers Colony 5th Main Road's guideline value is above this median.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find more information through the relevant online resources.