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Guideline Value

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Guideline Value for Venkateswara Colony 3rd Joining Road

₹3300/sq.ft.

The guideline value for Venkateswara Colony 3rd 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 3rd Joining Road

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Venkateswara Colony 3rd Joining Road guideline value

The current guideline value of Venkateswara Colony 3rd 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 it falls under the Residential Class III Type - I land classification.

How the guideline value of Venkateswara Colony 3rd Joining Road has changed

The guideline value for Venkateswara Colony 3rd Joining Road has seen several revisions over the years. Starting from the 2003 revision, the value was Rs 267 per sq.ft. This increased significantly to Rs 2,400 per sq.ft in 2007, marking a substantial rise of 799%. The 2012 revision saw a decrease to Rs 3,000 per sq.ft, a drop of 25%. In 2017, the value rose again to Rs 2,010 per sq.ft, an increase of 49% from the previous revision. The 2023 revision set the value at Rs 3,000 per sq.ft, and the latest revision in 2024 has increased it to Rs 3,300 per sq.ft, reflecting a 10% increase.

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

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 for Venkateswara Colony 3rd Joining Road is below this median.

Stamp duty and registration fee for property in Venkateswara Colony 3rd 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 3rd Joining Road?

The Sub Registrar Office that covers Venkateswara Colony 3rd 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 minimum value of a property for registration purposes. When a property is registered, the guideline value is used to calculate the applicable stamp duty and registration fees.

Buyers and sellers need to be aware that the guideline value can differ significantly across various streets within the same locality. This makes it essential to check the specific guideline value for the property in question to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Venkateswara Colony 3rd Joining Road?

The current guideline value of Venkateswara Colony 3rd 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, marking an overall increase of 1136% over the years.

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

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total cost would be Rs 2,97,000.

Which Sub Registrar Office covers this street?

The Adayar Sub Registrar Office covers Venkateswara Colony 3rd Joining Road, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What is the land classification for Venkateswara Colony 3rd Joining Road?

The land classification for Venkateswara Colony 3rd Joining Road is Residential Class III Type - I.