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Guideline Value

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Guideline Value for Venkateswara Colony 12th Joining Road

₹3300/sq.ft.

The guideline value for Venkateswara Colony 12th 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 12th Joining Road

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Venkateswara Colony 12th Joining Road guideline value

The current guideline value for Venkateswara Colony 12th 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 12th Joining Road has changed

The guideline value for Venkateswara Colony 12th Joining Road has undergone several revisions over the years. In 2003, the guideline value was Rs 267 per sq.ft. It increased significantly to Rs 2,400 per sq.ft in 2007, marking a rise of 799%. The value then saw an increase to Rs 3,000 per sq.ft in 2012, which represented a 25% increase. However, it dropped to Rs 2,010 per sq.ft in 2017, reflecting a decrease of 33%. The value rebounded to Rs 3,000 per sq.ft in 2023, before reaching the current rate of Rs 3,300 per sq.ft in 2024, which is a 10% increase from the previous year.

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

Guideline values in Kottivakkam

Kottivakkam 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 guideline value for these streets is Rs 3,900 per sq.ft, indicating that the 2024 figure for Venkateswara Colony 12th Joining Road is below this median.

Stamp duty and registration fee for property in Venkateswara Colony 12th 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 amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000. Together, the total cost for stamp duty and registration would be Rs 2,97,000. It is important to note that the 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 12th Joining Road?

The Sub Registrar Office that covers Venkateswara Colony 12th Joining Road is 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 when buying or selling property in Kottivakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the property transaction process. The guideline value is set by the government and is updated periodically to reflect market conditions.

When a property is registered, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions, regardless of fluctuations in market prices.

Frequently asked questions

What is the current guideline value for Venkateswara Colony 12th Joining Road?

The current guideline value for Venkateswara Colony 12th 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 from Rs 267 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 1136% over this period.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total stamp duty and registration fees would be Rs 2,97,000.

Which office handles registrations for Venkateswara Colony 12th Joining Road?

The Adayar Sub Registrar Office handles registrations for Venkateswara Colony 12th Joining Road, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What is the land classification for Venkateswara Colony 12th Joining Road?

The land classification for Venkateswara Colony 12th Joining Road is Residential Class III Type - I, indicating its suitability for residential purposes.