Guideline Value

Corporate

Guideline Value for A.S.K Nagar 2nd Street

₹2750/sq.ft.

The guideline value for A.s.k Nagar 2nd Street in Madambakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 2750 per sq.ft, effective 1 July 2024. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Madambakkam

Village

Selaiyur

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on A.s.k Nagar 2nd Street

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A.S.K Nagar 2nd Street guideline value

The current guideline value for A.S.K Nagar 2nd Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village under the Selaiyur SRO, classified as Commercial Class I Type - I.

How the guideline value of A.S.K Nagar 2nd Street has changed

The guideline value for A.S.K Nagar 2nd Street has undergone several revisions over the years. In 2012, the guideline value was set at Rs 2,500 per sq.ft, which changed to Rs 1,675 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to the 2024 revision, the guideline value increased significantly to Rs 2,750 per sq.ft, reflecting a rise of 64%.

Overall, comparing the 2012 and 2024 revisions, there has been a modest increase of 10%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2023 for this street.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, placing A.S.K Nagar 2nd Street's 2024 figure above that median.

Stamp duty and registration fee for property in A.S.K Nagar 2nd Street

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers A.S.K Nagar 2nd Street?

The Sub Registrar Office that covers A.S.K Nagar 2nd Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Madambakkam

The guideline value is a critical factor in the registration process when buying or selling property in Madambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction, ensuring that these fees are calculated based on a standardized value.

When a property is registered, the guideline value helps in establishing a fair value for the property, which is essential for both buyers and sellers. This process ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value for A.S.K Nagar 2nd Street?

The current guideline value for A.S.K Nagar 2nd Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then increased to Rs 2,750 per sq.ft in 2024. This represents a decrease of 33% from 2012 to 2017 and an increase of 64% from 2017 to 2024.

What is the land classification for A.S.K Nagar 2nd Street?

A.S.K Nagar 2nd Street is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

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

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 27,50,000, the total fees would be Rs 2,47,500.

Where can I find the Sub Registrar Office for A.S.K Nagar 2nd Street?

The Sub Registrar Office for A.S.K Nagar 2nd Street is located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073. This office falls under the Chengalpattu registration zone.