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Guideline Value

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Guideline Value for Venkateswara Colony 11th Street (Ward-04)

₹1600/sq.ft.

The guideline value for Venkateswara Colony 11th Street (ward-04) 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 ₹1500 /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 Venkateswara Colony 11th Street (ward-04)

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Venkateswara Colony 11th Street (Ward-04) guideline value

The current guideline value of Venkateswara Colony 11th 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 11th Street (Ward-04) has changed

The guideline value for Venkateswara Colony 11th Street (Ward-04) has undergone several revisions. The oldest recorded revision is from 2012, where the guideline value was Rs 1,500 per sq.ft. The most recent revision, effective from 1 July 2024, shows an increase to Rs 1,600 per sq.ft, marking a change of +7% from the 2012 figure.

For the years 2023, 2017, 2007, 2003, and 2002, the register has no figure for this street in it. Therefore, the only revisions with recorded figures are from 2012 and 2024.

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, which is equal to the current figure for Venkateswara Colony 11th Street (Ward-04).

Stamp duty and registration fee for property in Venkateswara Colony 11th Street (Ward-04)

For a 1,000 sq.ft plot at the current rate of Rs 1,600 per sq.ft, the 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, bringing the total to Rs 1,44,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Venkateswara Colony 11th Street (Ward-04)?

The Sub Registrar Office that covers Venkateswara Colony 11th Street (Ward-04) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Madhavaram. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the transaction is recorded at a value that reflects the official rates set by the government.

When a property is registered, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the correct revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Venkateswara Colony 11th Street (Ward-04)?

The current guideline value of Venkateswara Colony 11th 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 for Venkateswara Colony 11th Street (Ward-04) was Rs 1,500 per sq.ft in 2012 and increased to Rs 1,600 per sq.ft in 2024, reflecting a change of +7%.

What is the classification of land in Venkateswara Colony 11th Street (Ward-04)?

The land classification for Venkateswara Colony 11th Street (Ward-04) is Residential Class II Type - I.

What are the stamp duty and registration fees for properties here?

For a property valued at 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.

Where is the Sub Registrar Office for Venkateswara Colony 11th Street (Ward-04)?

The Madhavaram Sub Registrar Office, which covers Venkateswara Colony 11th Street (Ward-04), is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.