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Guideline Value

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Guideline Value for Venkateswara Colony 7th Joining Road

₹3300/sq.ft.

The guideline value for Venkateswara Colony 7th 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 7th Joining Road

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Venkateswara Colony 7th Joining Road guideline value

The current guideline value of Venkateswara Colony 7th 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, and is classified as Residential Class III Type - I.

How the guideline value of Venkateswara Colony 7th Joining Road has changed

The guideline value for Venkateswara Colony 7th Joining Road has seen several revisions over the years. The earliest recorded figure is from 2003, where the guideline value was Rs 267 per sq.ft. This increased significantly to Rs 2,400 per sq.ft in 2007, marking a change of +799%. In 2012, the value was revised to Rs 3,000 per sq.ft, which was a decrease of -33%. By 2017, the value rose again to Rs 2,010 per sq.ft, and then increased to Rs 3,000 per sq.ft in 2023, before reaching the current value of Rs 3,300 per sq.ft in 2024, reflecting a +10% change from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by +1136%. The register has no figure for the year 2002 for this street.

Guideline values in Kottivakkam

In Kottivakkam, there are 284 streets under the Adayar SRO, with guideline values 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 7th Joining Road below the median.

Stamp duty and registration fee for property in Venkateswara Colony 7th 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 amounts to 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 and the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Venkateswara Colony 7th Joining Road?

The Venkateswara Colony 7th 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 is an essential factor when registering property transactions in Kottivakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is sold, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government collects the appropriate fees based on the value of the transaction.

Frequently asked questions

What is the current guideline value of Venkateswara Colony 7th Joining Road?

The current guideline value of Venkateswara Colony 7th 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 increased from Rs 267 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, with several revisions in between. Notably, there was a +10% increase from 2023 to 2024.

What is the land classification of Venkateswara Colony 7th Joining Road?

Venkateswara Colony 7th Joining Road is classified as Residential Class III Type - I.

Where can I find the Sub Registrar Office for this area?

The Adayar Sub Registrar Office covers Venkateswara Colony 7th Joining Road, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is the stamp duty calculated for properties in Kottivakkam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft property at the guideline value of Rs 3,300 per sq.ft incurs a total guideline value of Rs 33,00,000.