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Guideline Value for Venkateswara Colony 9th Joining Road

₹3300/sq.ft.

The guideline value for Venkateswara Colony 9th 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 9th Joining Road

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Venkateswara Colony 9th Joining Road guideline value

The current guideline value of Venkateswara Colony 9th 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 is classified as Residential Class III Type - I.

How the guideline value of Venkateswara Colony 9th Joining Road has changed

The guideline value for Venkateswara Colony 9th Joining Road has undergone several revisions over the years. The earliest recorded figure is from 2003, which was Rs 267 per sq.ft. This figure then saw a significant increase to Rs 2,400 per sq.ft in 2007, followed by a rise to Rs 3,000 per sq.ft in 2012. However, it experienced a decrease to Rs 2,010 per sq.ft in 2017. The most recent revisions show an increase to Rs 3,000 per sq.ft in 2023, and finally, it is now Rs 3,300 per sq.ft starting from July 2024.

Between the revisions, the changes in guideline value per sq.ft are as follows: from 2003 to 2007, there was an increase of +799%; from 2007 to 2012, a decrease of -33%; from 2012 to 2017, it dropped again by -33%; then a significant rise of +49% from 2017 to 2023; and finally, an increase of +10% from 2023 to 2024. Notably, the register has no figure for this street for the year 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 for these streets is Rs 3,900 per sq.ft, placing Venkateswara Colony 9th Joining Road's 2024 figure below this median.

Stamp duty and registration fee for property in Venkateswara Colony 9th 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 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Venkateswara Colony 9th Joining Road?

The Sub Registrar Office that covers Venkateswara Colony 9th 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 plays a crucial role in the property registration process in Kottivakkam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value as it directly affects the financial obligations during the registration process. Accurate knowledge of the guideline value can help in budgeting for the costs associated with property transactions.

Frequently asked questions

What is the current guideline value of Venkateswara Colony 9th Joining Road?

The current guideline value of Venkateswara Colony 9th 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, reflecting an overall increase of +1136% over the years.

What is the registration office for Venkateswara Colony 9th Joining Road?

The registration office for Venkateswara Colony 9th Joining Road is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2% of the guideline value. For a property valued at Rs 33,00,000, the total fees would be Rs 2,97,000.

Where can I find more information about guideline values in Kottivakkam?

More information about guideline values in Kottivakkam can be found through the Registration Department's guideline value register or by visiting the Adayar Sub Registrar Office.