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Guideline Value

Corporate

Guideline Value for Teachers Colony 6th Main Road ( Ward No.26 )

₹2450/sq.ft.

The guideline value for Teachers Colony 6th Main Road ( Ward No.26 ) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 2450 per sq.ft, effective 1 July 2024. It was Rs 2300 per sq.ft from 1 April 2023, a 7% change. 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 ₹2300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1541 /sq.ft.
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 6th Main Road ( Ward No.26 )

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Teachers Colony 6th Main Road ( Ward No.26 ) guideline value

The current guideline value of Teachers Colony 6th 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 6th Main Road ( Ward No.26 ) has changed

The guideline value for Teachers Colony 6th Main Road has undergone several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which then decreased to Rs 1,541 per sq.ft in 2017. Following this, the value saw a significant increase to Rs 2,300 per sq.ft in 2023, and it has now risen to Rs 2,450 per sq.ft in the 2024 revision, marking a 7% increase from the previous year.

From 2017 to 2023, the increase was 49%, while the value decreased by 23% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 23%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Madhavaram

In Madhavaram, there are 1946 streets under the Madhavaram SRO that carry a guideline value for 2024, 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 of Rs 2,450 per sq.ft for Teachers Colony 6th Main Road is above this median.

Stamp duty and registration fee for property in Teachers Colony 6th Main Road ( Ward No.26 )

For a 1,000 sq.ft plot at the current rate of Rs 2,450 per sq.ft, the 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, totaling Rs 2,20,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Teachers Colony 6th Main Road ( Ward No.26 )?

The Sub Registrar Office that covers Teachers Colony 6th 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 further assistance.

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

The guideline value is an essential factor when buying or selling property in Madhavaram. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property is sold, the buyer and seller must consider the guideline value to calculate the applicable fees. This value is crucial for both parties to understand their financial obligations during the transaction process.

Frequently asked questions

What is the current guideline value of Teachers Colony 6th Main Road?

The current guideline value of Teachers Colony 6th 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 has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,541 per sq.ft in 2017, then increased to Rs 2,300 per sq.ft in 2023, and is now Rs 2,450 per sq.ft in 2024.

What is the land classification for Teachers Colony 6th Main Road?

Teachers Colony 6th Main Road is classified as Industries Type - I, which can influence the types of developments allowed in the area.

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

The Madhavaram Sub Registrar Office covers Teachers Colony 6th Main Road and is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 24,50,000, the stamp duty would be Rs 1,71,500 at a rate of 7%.