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Guideline Value

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Guideline Value for Venkateswara Colony 5th Joining Road

₹3300/sq.ft.

The guideline value for Venkateswara Colony 5th 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 5th Joining Road

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Venkateswara Colony 5th Joining Road guideline value

The current guideline value of Venkateswara Colony 5th Joining Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This locality is situated in Kottivakkam village, under the Adayar SRO, and is classified as Residential Class III Type - I.

How the guideline value of Venkateswara Colony 5th Joining Road has changed

The guideline value for Venkateswara Colony 5th Joining Road has seen several revisions over the years. The earliest recorded figure is from 2003, which was Rs 267 per sq.ft. This value increased significantly to Rs 2,400 per sq.ft in 2007, marking a rise of 799%. In 2012, the guideline value was revised to Rs 3,000 per sq.ft, which represented a 25% increase from the previous revision. However, in 2017, it dropped to Rs 2,010 per sq.ft, a decrease of 33%. The 2023 revision brought it back up to Rs 3,000 per sq.ft, and the most recent revision in 2024 set it at Rs 3,300 per sq.ft, reflecting a 10% increase.

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

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. The median guideline value in this area is Rs 3,900 per sq.ft, making the current value of Venkateswara Colony 5th Joining Road below that median.

Stamp duty and registration fee for property in Venkateswara Colony 5th 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 or the sale price.

You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Venkateswara Colony 5th Joining Road?

The Venkateswara Colony 5th Joining Road falls under 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 during the registration of property transactions in Kottivakkam. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is sold, the buyer must pay the stamp duty based on the higher value between the guideline value and the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Venkateswara Colony 5th Joining Road?

The current guideline value of Venkateswara Colony 5th 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 several times, starting from Rs 267 per sq.ft in 2003 and reaching Rs 3,300 per sq.ft in 2024, marking an overall increase of 1136%.

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 5th Joining Road.

What are the stamp duty rates for property transactions?

The stamp duty rate for property transactions is 7% of the guideline value or the sale price, whichever is higher. The registration fee is 2% of the guideline value.

Where can I find the Sub Registrar Office for Venkateswara Colony 5th Joining Road?

The Sub Registrar Office covering Venkateswara Colony 5th Joining Road is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.