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Guideline Value

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Guideline Value for Venkateswara Colony 3rd Cross Street

₹3300/sq.ft.

The guideline value for Venkateswara Colony 3rd Cross Street 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 ₹306 /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 3rd Cross Street

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Venkateswara Colony 3rd Cross Street guideline value

The current guideline value for Venkateswara Colony 3rd Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kottivakkam village under the Adayar Sub Registrar Office (SRO) and is classified as Residential Class III Type - I.

How the guideline value of Venkateswara Colony 3rd Cross Street has changed

The guideline value for Venkateswara Colony 3rd Cross Street has seen significant changes over the years. In 2003, the guideline value was Rs 306 per sq.ft, which increased to Rs 2,400 per sq.ft in 2007, marking a substantial rise of 684%. The value then adjusted to Rs 3,000 per sq.ft in 2012, reflecting a decrease of 33%. Following this, the value remained at Rs 3,000 per sq.ft in 2023 before rising to Rs 3,300 per sq.ft in 2024, a change of 10%.

From 2017, when the guideline value was Rs 2,010 per sq.ft, to 2023, there was a notable increase of 49%. Overall, from 2003 to 2024, the guideline value has increased by 978%. It is important to note that the register has no figure for the year 2002 for this street.

Guideline values in Kottivakkam

Kottivakkam village has a range of guideline values across its 284 streets under the Adayar SRO, with the 2024 figures ranging from Rs 1,700 to Rs 8,500 per sq.ft. The median guideline value in this area is Rs 3,900 per sq.ft, which means that the guideline value for Venkateswara Colony 3rd Cross Street is below this median.

Stamp duty and registration fee for property in Venkateswara Colony 3rd Cross Street

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 be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost for these fees to 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 on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Venkateswara Colony 3rd Cross Street?

The Venkateswara Colony 3rd Cross Street falls under the jurisdiction of 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 of property transactions in Kottivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for completing the transaction. This ensures that all parties are aware of the financial obligations involved in the property transfer.

Frequently asked questions

What is the current guideline value of Venkateswara Colony 3rd Cross Street?

The current guideline value of Venkateswara Colony 3rd Cross Street 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 significantly, from Rs 306 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 978% over the years.

What is the median guideline value in Kottivakkam?

The median guideline value in Kottivakkam is Rs 3,900 per sq.ft, which is higher than the current guideline value of Venkateswara Colony 3rd Cross Street.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles the registration for Venkateswara Colony 3rd Cross Street?

The registration for Venkateswara Colony 3rd Cross Street is handled by the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.