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Guideline Value

Corporate

Guideline Value for Teachers Colony 6th cross st ( Ward No.26 )

₹2450/sq.ft.

The guideline value for Teachers Colony 6th Cross St ( 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 Cross St ( Ward No.26 )

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Teachers Colony 6th cross st ( Ward No.26 ) guideline value

The current guideline value for Teachers Colony 6th 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 6th cross st ( Ward No.26 ) has changed

The guideline value for this street 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 increased significantly to Rs 2,300 per sq.ft in 2023, and currently stands at Rs 2,450 per sq.ft in the 2024 revision. It is noteworthy that there are no figures available for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the value decreased by 23%. However, from 2017 to 2023, there was a substantial increase of 49%. The change from 2023 to 2024 reflects a 7% increase. Overall, from 2012 to 2024, the guideline value has increased by 23%.

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 6th cross st is above this median.

Stamp duty and registration fee for property in Teachers Colony 6th 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 6th cross st ( Ward No.26 )?

The Sub Registrar Office that covers Teachers Colony 6th 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 is a crucial factor when buying or selling property in Madhavaram, as it determines the amount of stamp duty and registration fees that need to be paid. Buyers should be aware that the guideline value serves as a benchmark for property transactions, ensuring that the sale price is aligned with government assessments.

During the registration process, the guideline value is used to calculate the applicable fees, which are mandatory for legal documentation. It is essential for both buyers and sellers to understand these values to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value for Teachers Colony 6th cross st ( Ward No.26 )?

The current guideline value for Teachers Colony 6th cross st ( 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 several times, starting from Rs 2,000 per sq.ft in 2012, decreasing to Rs 1,541 per sq.ft in 2017, then increasing to Rs 2,300 per sq.ft in 2023, and currently standing at Rs 2,450 per sq.ft in 2024.

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.

Which Sub Registrar Office covers this street?

The Madhavaram Sub Registrar Office covers Teachers Colony 6th cross st ( Ward No.26 ), located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the land classification for Teachers Colony 6th cross st?

The land classification for Teachers Colony 6th cross st ( Ward No.26 ) is Industries Type - I.