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Guideline Value

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Guideline Value for Venkateswara Colony 10th Joining Road

₹3300/sq.ft.

The guideline value for Venkateswara Colony 10th Joining Road in Kottivakkam village (Adayar SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kottivakkam

Village

Adayar

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹267 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.161(71/6), L.b Road (dr.muthulakshmi Salai) Tnhb Building,third Floor,thiruvanmiyur,chennai-600041
044-24415011
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Venkateswara Colony 10th Joining Road

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Venkateswara Colony 10th Joining Road guideline value

The current guideline value of Venkateswara Colony 10th Joining Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kottivakkam village under the Adayar SRO and is classified as Residential Class III Type - I.

How the guideline value of Venkateswara Colony 10th Joining Road has changed

The guideline value for Venkateswara Colony 10th Joining Road has seen several revisions over the years. Starting from the 2003 revision, the value was Rs 267 per sq.ft. This increased significantly to Rs 2,400 per sq.ft in 2007, marking a rise of 799%. The value then adjusted to Rs 3,000 per sq.ft in 2012, a decrease of 25%. The next revision in 2017 saw the value rise to Rs 2,010 per sq.ft, which was a 49% increase from the previous figure. In 2023, the value was set at Rs 3,000 per sq.ft, and the most recent revision in 2024 has increased the guideline value to Rs 3,300 per sq.ft, reflecting a 10% rise from 2023.

It is important to note that there is no figure available for the year 2002 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 1136%.

Guideline values in Kottivakkam

Kottivakkam village has a total of 284 streets under the Adayar SRO, with guideline values ranging from Rs 1,700 to Rs 8,500 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, which indicates that the guideline value for Venkateswara Colony 10th Joining Road is below this median.

Stamp duty and registration fee for property in Venkateswara Colony 10th Joining Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Venkateswara Colony 10th Joining Road?

The Venkateswara Colony 10th Joining Road falls under the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kottivakkam

The guideline value is a crucial factor in property transactions in Kottivakkam, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees applicable to the transaction.

When buying or selling property, it is essential to ensure that the sale price is either equal to or higher than the guideline value to comply with registration requirements. This helps in maintaining transparency and standardization in property dealings.

Frequently asked questions

What is the current guideline value of Venkateswara Colony 10th Joining Road?

The current guideline value of Venkateswara Colony 10th Joining Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 267 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, reflecting a significant increase over the years.

What is the stamp duty on property in Venkateswara Colony 10th Joining Road?

The stamp duty on property in Venkateswara Colony 10th Joining Road is 7% of the guideline value or sale price, whichever is higher.

Where is the Adayar Sub Registrar Office located?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is the guideline value determined for properties in Kottivakkam?

The guideline value for properties in Kottivakkam is determined by the Registration Department's guideline value register, which is revised periodically to reflect changes in market conditions.