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Guideline Value

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Guideline Value for Venkateswara Colony 8th Joining Road

₹3300/sq.ft.

The guideline value for Venkateswara Colony 8th 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 8th Joining Road

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Venkateswara Colony 8th Joining Road guideline value

The current guideline value for Venkateswara Colony 8th 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, with a land classification of Residential Class III Type - I.

How the guideline value of Venkateswara Colony 8th Joining Road has changed

The guideline value for Venkateswara Colony 8th Joining Road has seen several revisions over the years. Starting from Rs 267 per sq.ft in 2003, it increased significantly to Rs 2,400 per sq.ft in 2007. The value then rose to Rs 3,000 per sq.ft in 2012, but experienced a decrease to Rs 2,010 per sq.ft in 2017. Following this, the value surged to Rs 3,000 per sq.ft in 2023, and finally, it reached Rs 3,300 per sq.ft in the 2024 revision, marking a 10% increase 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 value is Rs 3,900 per sq.ft, which means that the 2024 guideline value for Venkateswara Colony 8th Joining Road is below this median.

Stamp duty and registration fee for property in Venkateswara Colony 8th 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 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 use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Venkateswara Colony 8th Joining Road?

The Sub Registrar Office that covers Venkateswara Colony 8th 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 during property registration in Kottivakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers should be aware that the guideline value may differ from the actual sale price.

When registering a property, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Venkateswara Colony 8th Joining Road?

The current guideline value for Venkateswara Colony 8th Joining Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 267 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, representing an overall increase of 1136% over this period.

What is the median guideline value for streets in Kottivakkam?

The median guideline value for streets in Kottivakkam is Rs 3,900 per sq.ft, with Venkateswara Colony 8th Joining Road's 2024 value being below this median.

What are the stamp duty rates for properties in Venkateswara Colony 8th Joining Road?

The stamp duty rate for properties in Venkateswara Colony 8th Joining Road is 7% of the guideline value or the sale price, whichever is higher.

Where is the Adayar Sub Registrar Office located?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.