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Guideline Value

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Guideline Value for Venkateswara Colony 10th Street (Ward-04)

₹1600/sq.ft.

The guideline value for Venkateswara Colony 10th Street (ward-04) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 1600 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 7% change. 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 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
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 Venkateswara Colony 10th Street (ward-04)

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Venkateswara Colony 10th Street (Ward-04) guideline value

The current guideline value of Venkateswara Colony 10th Street (Ward-04) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Venkateswara Colony 10th Street (Ward-04) has changed

The guideline value for Venkateswara Colony 10th Street (Ward-04) has seen several revisions over the years. The register has no figure for the years 2002, 2003, 2007, 2012, and 2017. The most recent revisions show a value of Rs 1,500 per sq.ft in 2023, which increased to Rs 1,600 per sq.ft in 2024, marking a change of +7%.

In the 2024 revision, the guideline value aligns with the median value of Rs 1,600 per sq.ft for streets in Madhavaram. The 2023 figure of Rs 1,500 per sq.ft was a notable increase from the previous year, reflecting the adjustments made in the guideline value register.

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 value is Rs 1,600 per sq.ft, which is the same as the guideline value for Venkateswara Colony 10th Street (Ward-04). Below are the guideline values for other streets in Madhavaram:

Stamp duty and registration fee for property in Venkateswara Colony 10th Street (Ward-04)

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, while the registration fee at 2% would be Rs 32,000, bringing the total fees to Rs 1,44,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Venkateswara Colony 10th Street (Ward-04)?

The Sub Registrar Office that covers Venkateswara Colony 10th Street (Ward-04) 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 when registering property transactions in Madhavaram. It determines the minimum value at which a property can be registered, affecting the stamp duty and registration fees payable during the transaction.

When buying or selling property, the guideline value serves as a benchmark for the transaction value, ensuring that the government receives appropriate dues. Buyers and sellers must consider this value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Venkateswara Colony 10th Street (Ward-04)?

The current guideline value of Venkateswara Colony 10th Street (Ward-04) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2023 to Rs 1,600 per sq.ft in 2024, reflecting a +7% increase. The register has no figure for the years 2002, 2003, 2007, 2012, and 2017.

What is the classification of Venkateswara Colony 10th Street (Ward-04)?

Venkateswara Colony 10th Street (Ward-04) is classified as Residential Class II Type - I. This classification is important for determining the guideline value and other regulatory aspects.

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 the registration of properties in the area.

How is the stamp duty calculated for properties in Venkateswara Colony 10th Street (Ward-04)?

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