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Guideline Value

Corporate

Guideline Value for Venkateswara colony 4th Joining Road

₹3300/sq.ft.

The guideline value for Venkateswara Colony 4th 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 4th Joining Road

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Venkateswara colony 4th Joining Road guideline value

The current guideline value for Venkateswara Colony 4th Joining Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kottivakkam village under the Adayar Sub Registrar Office, classified as Residential Class III Type - I.

How the guideline value of Venkateswara colony 4th Joining Road has changed

The guideline value for Venkateswara Colony 4th Joining Road has seen several revisions over the years. Starting from Rs 267 per sq.ft in 2003, the value increased significantly to Rs 2,400 per sq.ft in 2007. Following this, it rose to Rs 3,000 per sq.ft in 2012, then decreased to Rs 2,010 per sq.ft in 2017. The value increased again to Rs 3,000 per sq.ft in 2023 before reaching the current rate of Rs 3,300 per sq.ft in 2024.

Notably, the change from 2023 to 2024 reflects a 10% increase. The overall change from 2003 to 2024 is a substantial increase of 1136%. It is important to mention that the register has no figure for this street for the year 2002.

Guideline values in Kottivakkam

Kottivakkam village has a total of 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 for Venkateswara Colony 4th Joining Road below the median.

Stamp duty and registration fee for property in Venkateswara colony 4th 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, calculated at 7%, would be Rs 2,31,000, while the registration fee at 2% would be Rs 66,000. Together, these fees would total 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Venkateswara colony 4th Joining Road?

The Venkateswara Colony 4th Joining Road falls under the jurisdiction of 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

When buying or selling property in Kottivakkam, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. This value is crucial as it serves as a benchmark for calculating the financial obligations associated with the property transfer.

At the time of registration, the higher value between the guideline value and the actual sale price is considered for calculating the applicable duties. This ensures that all transactions are fairly assessed based on the current market standards set by the Registration Department.

Frequently asked questions

What is the current guideline value for Venkateswara colony 4th Joining Road?

The current guideline value for Venkateswara Colony 4th 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 this period.

What is the land classification for Venkateswara colony 4th Joining Road?

The land classification for Venkateswara Colony 4th Joining Road is Residential Class III Type - I.

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

For a property valued at Rs 33,00,000, the stamp duty is Rs 2,31,000 and the registration fee is Rs 66,000, totaling Rs 2,97,000.

Which office handles registrations in Kottivakkam?

The Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, handles registrations for properties in Kottivakkam.