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Guideline Value

Corporate

Guideline Value for Telephone Colony 4th st ( Ward No.8 )

₹1600/sq.ft.

The guideline value for Telephone Colony 4th 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 4th St ( Ward No.8 )

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Telephone Colony 4th st ( Ward No.8 ) guideline value

The current guideline value of Telephone Colony 4th 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 4th st ( Ward No.8 ) has changed

In the 2012 revision, the guideline value for Telephone Colony 4th st was Rs 1,200 per sq.ft. The most recent revision in 2024 has increased this figure to Rs 1,600 per sq.ft, marking a change of +33%. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

Thus, the only revisions recorded for Telephone Colony 4th st are from 2012 and 2024. The significant increase from Rs 1,200 to Rs 1,600 reflects the latest valuation established by the Registration Department.

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. The median guideline value for these streets is Rs 1,600 per sq.ft, placing Telephone Colony 4th st at the median value for the area.

Stamp duty and registration fee for property in Telephone Colony 4th 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 amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total fees together to 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 4th st ( Ward No.8 )?

The Sub Registrar Office that covers Telephone Colony 4th 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 plays a crucial role in the registration process for property transactions in Madhavaram. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the transaction is transparent and fair.

When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, which are mandatory costs associated with property transactions. Buyers should be aware of the guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Telephone Colony 4th st ( Ward No.8 )?

The current guideline value of Telephone Colony 4th st ( Ward No.8 ) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value changed from Rs 1,200 per sq.ft in 2012 to Rs 1,600 per sq.ft in 2024, reflecting an increase of +33%. There are no recorded figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the land classification for Telephone Colony 4th st ( Ward No.8 )?

The land classification for Telephone Colony 4th st ( Ward No.8 ) is Residential Class II Type - I. This classification indicates the intended use of the land for residential purposes.

What are the stamp duty and registration fees for property in Telephone Colony 4th st ( Ward No.8 )?

For a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000 and the registration fee would be Rs 32,000, totaling Rs 1,44,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Telephone Colony 4th st ( Ward No.8 ) located?

The Sub Registrar Office for Telephone Colony 4th st ( Ward No.8 ) is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of property transactions in the area.