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Guideline Value

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Guideline Value for Venkateswara Colony 1st Joining Road

₹3300/sq.ft.

The guideline value for Venkateswara Colony 1st 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 1st Joining Road

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Venkateswara Colony 1st Joining Road guideline value

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

How the guideline value of Venkateswara Colony 1st Joining Road has changed

In the 2003 revision, the guideline value was Rs 267 per sq.ft. This increased significantly to Rs 2,400 per sq.ft in the 2007 revision, marking a rise of 799%. The 2012 revision saw a decrease to Rs 3,000 per sq.ft, which was a drop of 33%. The value then increased to Rs 2,010 per sq.ft in the 2017 revision, showing a 49% rise. Following this, the 2023 revision set the value at Rs 3,000 per sq.ft, and the most recent 2024 revision has raised it to Rs 3,300 per sq.ft, reflecting a 10% increase.

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

Guideline values in Kottivakkam

In Kottivakkam, there are 284 streets under the Adayar SRO carrying 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 for Venkateswara Colony 1st Joining Road is below this median.

Stamp duty and registration fee for property in Venkateswara Colony 1st 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, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Venkateswara Colony 1st Joining Road?

The Sub Registrar Office covering Venkateswara Colony 1st 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 in the registration process for property transactions in Kottivakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the guideline value, as it can affect the overall cost of the transaction. Buyers and sellers should ensure that they are informed about the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Venkateswara Colony 1st Joining Road?

The current guideline value of Venkateswara Colony 1st 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 these years.

What is the land classification for Venkateswara Colony 1st Joining Road?

Venkateswara Colony 1st Joining Road is classified as Residential Class III Type - I.

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 stamp duty calculated for properties in Kottivakkam?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable on the guideline value.