Guideline Value for Telephone Colony 1st st ( Ward No.8 )

Telephone Colony 1st st ( Ward No.8 ) guideline value

The current guideline value of Telephone Colony 1st st ( Ward No.8 ) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village under the Madhavaram SRO, classified as Residential Class II Type - I.

How the guideline value of Telephone Colony 1st st ( Ward No.8 ) has changed

The guideline value for Telephone Colony 1st st has seen revisions over the years. The earliest recorded revision was in 2012, where the guideline value was Rs 1,200 per sq.ft. This figure remained until the 2024 revision, which increased the value to Rs 1,600 per sq.ft, marking a change of +33% from the 2012 figure.

There are no recorded figures for the years 2002, 2003, 2007, 2017, and 2023 for this street. The most recent revision in 2024 has established the current guideline value.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value. The values range from Rs 1,300 to Rs 7,500 per sq.ft, with the median being Rs 1,600 per sq.ft, which is equal to the guideline value of Telephone Colony 1st st.

• Telephone Colony 2nd st ( Ward No.8 ): Rs 1,600 per sq.ft (2024)
• Telephone Colony 3rd st ( Ward No.8 ): Rs 1,600 per sq.ft (2024)
• Telephone Colony 4th st ( Ward No.8 ): Rs 1,600 per sq.ft (2024)
• Telephone Colony (Lakshmipuram): Rs 1,600 per sq.ft (2024)
• Teacher Thambiya St (Ward-30): Rs 1,300 per sq.ft (2024)
• Teacher Thambaiya Reddiar Nagar (Lakshmipuram): Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Telephone Colony 1st st ( Ward No.8 )

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total cost for these fees to Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Telephone Colony 1st st ( Ward No.8 )?

The Sub Registrar Office that covers Telephone Colony 1st st ( Ward No.8 ) 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 is a crucial factor in the registration process for property transactions in Madhavaram. It serves as a benchmark for determining the minimum price at which a property can be sold or purchased, ensuring that the transaction is recorded accurately.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. Buyers and sellers must be aware of this value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Telephone Colony 1st st ( Ward No.8 )?

The current guideline value of Telephone Colony 1st st ( Ward No.8 ) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Telephone Colony 1st st was Rs 1,200 per sq.ft in 2012 and increased to Rs 1,600 per sq.ft in 2024, reflecting a change of +33%. There are no figures available for the years 2002, 2003, 2007, 2017, and 2023.

What is the land classification of Telephone Colony 1st st?

Telephone Colony 1st st is classified as Residential Class II Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 16,00,000, the total fees would be Rs 1,44,000.

Where can I find the Sub Registrar Office for Telephone Colony 1st st?

The Madhavaram Sub Registrar Office, which covers Telephone Colony 1st st, is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.