Guideline Value for Telugu Colony (Ward-07)

Telugu Colony (Ward-07) guideline value

The current guideline value for Telugu Colony (Ward-07) is Rs 1,300 per sq.ft, effective from the 2024 revision. This area is located in Madhavaram village and falls under the Madhavaram SRO. The land classification for this street is Residential Class III Type - I.

How the guideline value of Telugu Colony (Ward-07) has changed

The guideline value for Telugu Colony (Ward-07) has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft. From 2012 to 2024, the guideline value increased by 8%, reaching the current rate of Rs 1,300 per sq.ft. The register has no figure for the years 2023, 2017, 2007, 2003, and 2002 for this street.

In summary, the only available figures for Telugu Colony (Ward-07) are from the 2012 and 2024 revisions. The increase from Rs 1,200 to Rs 1,300 per sq.ft reflects the changes in the guideline value over the specified period.

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 Telugu Colony (Ward-07) is below this median.

• Telugu Colony (North): Rs 1,300 per sq.ft (2024)
• Telugu Colony: Rs 1,300 per sq.ft (2024)
• Telephone Colony (Ward-08): Rs 1,600 per sq.ft (2024)
• Telephone Colony South (Ward No.8): Rs 1,600 per sq.ft (2024)
• Telephone Colony (Lakshmipuram): Rs 1,600 per sq.ft (2024)
• Telephone Colony 4th st (Ward No.8): Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Telugu Colony (Ward-07)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. 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 further calculations.

Which Sub Registrar Office covers Telugu Colony (Ward-07)?

The Sub Registrar Office that covers Telugu Colony (Ward-07) 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 value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is essential for buyers and sellers to be aware of the current guideline value to facilitate a smooth transaction and avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Telugu Colony (Ward-07)?

The current guideline value of Telugu Colony (Ward-07) is Rs 1,300 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value for Telugu Colony (Ward-07) was Rs 1,200 per sq.ft in the 2012 revision and increased to Rs 1,300 per sq.ft in the 2024 revision, reflecting an 8% increase. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the land classification for Telugu Colony (Ward-07)?

The land classification for Telugu Colony (Ward-07) is Residential Class III Type - I, indicating its designation for residential purposes.

What are the stamp duty and registration fees for property in Telugu Colony (Ward-07)?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000. The duty is charged on the higher of the guideline value or the sale price.

Which office handles registrations for Telugu Colony (Ward-07)?

The Madhavaram Sub Registrar Office handles registrations for Telugu Colony (Ward-07). It is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.