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Guideline Value

Corporate

Guideline Value for Teachers Colony Kadappah Road (Ward-26)

₹2450/sq.ft.

The guideline value for Teachers Colony Kadappah Road (ward-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 Kadappah Road (ward-26)

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Teachers Colony Kadappah Road (Ward-26) guideline value

The current guideline value of Teachers Colony Kadappah Road (Ward-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, classified as Industries Type - I.

How the guideline value of Teachers Colony Kadappah Road (Ward-26) has changed

The guideline value for Teachers Colony Kadappah Road has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which decreased to Rs 1,541 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 2,300 per sq.ft, marking a 49% rise. The current value of Rs 2,450 per sq.ft from the 2024 revision reflects a 7% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, 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 Kadappah Road (Ward-26) is above this median.

Stamp duty and registration fee for property in Teachers Colony Kadappah Road (Ward-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 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.

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

Which Sub Registrar Office covers Teachers Colony Kadappah Road (Ward-26)?

The Sub Registrar Office that covers Teachers Colony Kadappah Road (Ward-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 plays a crucial role during the registration of property transactions in Madhavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in real estate transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Teachers Colony Kadappah Road (Ward-26)?

The current guideline value of Teachers Colony Kadappah Road (Ward-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 registration office for Teachers Colony Kadappah Road (Ward-26)?

The registration office for Teachers Colony Kadappah Road (Ward-26) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated for properties in Teachers Colony Kadappah Road (Ward-26)?

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

What is the land classification for Teachers Colony Kadappah Road (Ward-26)?

The land classification for Teachers Colony Kadappah Road (Ward-26) is Industries Type - I, which indicates the type of development permissible in the area.