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Guideline Value

Corporate

Guideline Value for Venkateswara Colony 13th Link Road

₹3300/sq.ft.

The guideline value for Venkateswara Colony 13th Link 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 ₹224 /sq.ft.
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 13th Link Road

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Venkateswara Colony 13th Link Road guideline value

The current guideline value of Venkateswara Colony 13th Link 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 it is classified as Residential Class III Type - I.

How the guideline value of Venkateswara Colony 13th Link Road has changed

The guideline value for Venkateswara Colony 13th Link Road has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 224 per sq.ft, which increased significantly to Rs 267 per sq.ft in 2003. Following this, there was a dramatic rise to Rs 2,400 per sq.ft in 2007, marking an increase of 799%. The value then adjusted to Rs 3,000 per sq.ft in 2012, a decrease of 33%. The next revision in 2017 saw the value rise to Rs 2,010 per sq.ft, and subsequently, it increased to Rs 3,000 per sq.ft in 2023, before reaching the current value of Rs 3,300 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1,373%. There are no figures available for the revisions in years not mentioned in this register for Venkateswara Colony 13th Link Road.

Guideline values in Kottivakkam

In Kottivakkam, there are 284 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 8,500 per sq.ft, with a median value of Rs 3,900 per sq.ft. The guideline value of Venkateswara Colony 13th Link Road is below this median.

Stamp duty and registration fee for property in Venkateswara Colony 13th Link 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, and the registration fee at 2% would be Rs 66,000, making the total charges Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Venkateswara Colony 13th Link Road?

The Sub Registrar Office that covers Venkateswara Colony 13th Link 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 plays a crucial role in the registration process when buying or selling property in Kottivakkam. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for both buyers and sellers as it helps in ensuring compliance with legal requirements during property transactions. It also aids in providing a transparent basis for the valuation of properties in the area.

Frequently asked questions

What is the current guideline value of Venkateswara Colony 13th Link Road?

The current guideline value of Venkateswara Colony 13th Link 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 224 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, showing an overall increase of 1,373% across the years.

What is the land classification for Venkateswara Colony 13th Link Road?

Venkateswara Colony 13th Link Road is classified as Residential Class III Type - I.

Where is the Sub Registrar Office located for this area?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total charges would amount to Rs 2,97,000.