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Guideline Value

Corporate

Guideline Value for Teachers Colony 5th cross st ( Ward No.26 )

₹2450/sq.ft.

The guideline value for Teachers Colony 5th Cross St ( 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 Cross St ( Ward No.26 )

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Teachers Colony 5th cross st ( Ward No.26 ) guideline value

The current guideline value for Teachers Colony 5th cross st ( Ward No.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 5th cross st ( Ward No.26 ) has changed

Over the years, the guideline value for Teachers Colony 5th cross st has undergone several revisions. The most recent revision in 2024 set the guideline value at Rs 2,450 per sq.ft, which is an increase from Rs 2,000 per sq.ft in the 2012 revision, marking a change of +23%. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

Prior to the 2012 revision, the guideline value was Rs 2,000 per sq.ft. There are no figures available for the revisions in 2003, 2007, 2017, and 2023, indicating that the guideline value for this street has remained unrecorded in those years.

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 value of Rs 1,600 per sq.ft. The guideline value for Teachers Colony 5th cross st is above this median.

Stamp duty and registration fee for property in Teachers Colony 5th 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 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. It is important to note that the 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 5th cross st ( Ward No.26 )?

The Sub Registrar Office covering Teachers Colony 5th 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 details.

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, this value is used to calculate the stamp duty and registration fees, ensuring that the transaction is recorded accurately with the relevant authorities.

At the time of registration, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties and fees. This process helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value for Teachers Colony 5th cross st?

The current guideline value for Teachers Colony 5th cross st ( 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 the 2012 revision, 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 a recorded guideline value for this street?

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

What is the land classification for Teachers Colony 5th cross st?

Teachers Colony 5th cross st is classified as Industries Type - I, which indicates its intended use for industrial purposes.

Where is the Madhavaram Sub Registrar Office located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of properties in the area.