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Guideline Value

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Guideline Value for Telephone Colony 3rd st ( Ward No.8 )

₹1600/sq.ft.

The guideline value for Telephone Colony 3rd St ( Ward No.8 ) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 1600 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1600 /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 ₹1200 /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 Telephone Colony 3rd St ( Ward No.8 )

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Telephone Colony 3rd st ( Ward No.8 ) guideline value

The current guideline value of Telephone Colony 3rd st ( Ward No.8 ) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village and falls under the Madhavaram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Telephone Colony 3rd st ( Ward No.8 ) has changed

In the 2012 revision, the guideline value was Rs 1,200 per sq.ft. This figure was revised to Rs 1,600 per sq.ft in 2024, marking an increase of 33%. The register has no figure for the years 2023, 2017, 2007, 2003, and 2002 for this street.

Thus, the only revisions available for Telephone Colony 3rd st ( Ward No.8 ) are from 2012 to 2024, reflecting a significant change in the guideline value over the years.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO with a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, which aligns with the guideline value of Telephone Colony 3rd st ( Ward No.8 ).

Stamp duty and registration fee for property in Telephone Colony 3rd 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 would be 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, resulting in a total of Rs 1,44,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Telephone Colony 3rd st ( Ward No.8 )?

The Sub Registrar Office that covers Telephone Colony 3rd st ( Ward No.8 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060, in the Chennai registration zone. 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 essential when registering property transactions in Madhavaram. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, the guideline value helps establish a fair price for the transaction, which is critical for both buyers and sellers during the registration process. It is important to be aware of the current guideline value to understand the financial implications of a property transaction.

Frequently asked questions

What is the current guideline value of Telephone Colony 3rd st ( Ward No.8 )?

The current guideline value of Telephone Colony 3rd st ( Ward No.8 ) is Rs 1,600 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 1,200 per sq.ft to Rs 1,600 per sq.ft in 2024, which is a change of 33%.

What is the land classification for Telephone Colony 3rd st ( Ward No.8 )?

The land classification for Telephone Colony 3rd st ( Ward No.8 ) is Residential Class II Type - I.

Where can I find the Madhavaram Sub Registrar Office?

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

How is the stamp duty calculated for properties in Telephone Colony 3rd st ( Ward No.8 )?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000 at a rate of 7%.