Guideline Value for Telephone Colony South ( Ward No.8 )

Telephone Colony South ( Ward No.8 ) guideline value

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

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

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

Thus, the only revisions recorded for Telephone Colony South ( Ward No.8 ) are from 2012 to 2024, showing a significant increase. The previous revisions do not provide any figures for this street, indicating a lack of data during those 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 is Rs 1,600 per sq.ft, which is equal to the current guideline value for Telephone Colony South ( Ward No.8 ).

• Telephone Colony (Lakshmipuram): Rs 1,600 per sq.ft (2024)
• Telephone Colony (Ward-08): Rs 1,600 per sq.ft (2024)
• Telephone Colony 4th 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 2nd st ( Ward No.8 ): Rs 1,600 per sq.ft (2024)
• Telephone Colony 1st st ( Ward No.8 ): Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Telephone Colony South ( 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, totaling 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 South ( Ward No.8 )?

The Sub Registrar Office that covers Telephone Colony South ( 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 property transactions in Madhavaram. It is used to determine the stamp duty and registration fees that buyers must pay when registering a property. The value is set by the government and is periodically revised to reflect changes in the market.

When buying or selling property, the guideline value ensures that the transaction is documented at a fair value, which helps maintain transparency in property dealings. Buyers should always check the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value for Telephone Colony South ( Ward No.8 )?

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

What is the land classification for Telephone Colony South ( Ward No.8 )?

Telephone Colony South ( Ward No.8 ) is classified as Residential Class II Type - I. This classification indicates the type of development permitted in the area.

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 property registrations for the area.

How is stamp duty calculated for properties in Telephone Colony South ( Ward No.8 )?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value results in a total of Rs 1,44,000 in stamp duty and registration fees.