Guideline Value

Corporate

Guideline Value for A.S.K Nagar 5th Cross Street

₹2750/sq.ft.

The guideline value for A.s.k Nagar 5th Cross Street in Madambakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. 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 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
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 5th Cross Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

A.S.K Nagar 5th Cross Street guideline value

The current guideline value of A.S.K Nagar 5th Cross Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village under the Selaiyur SRO and is classified as Commercial Class I Type - I.

How the guideline value of A.S.K Nagar 5th Cross Street has changed

Over the years, the guideline value for A.S.K Nagar 5th Cross Street has seen several revisions. The most recent revision in 2024 set the value at Rs 2,750 per sq.ft, an increase of 10% from the 2023 figure of Rs 2,500 per sq.ft. The 2012 revision also recorded a value of Rs 2,500 per sq.ft, indicating no change from 2012 to 2023. The register does not have figures for the years 2002, 2003, 2007, and 2017 for this street.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. This consistent increase reflects the adjustments made in the most recent years, particularly the notable rise from 2023 to 2024.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median value for these streets is Rs 2,400 per sq.ft, positioning A.S.K Nagar 5th Cross Street above this median at Rs 2,750 per sq.ft.

Stamp duty and registration fee for property in A.S.K Nagar 5th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total 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, bringing the total to Rs 2,47,500. It's important to note that 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 further calculations.

Which Sub Registrar Office covers A.S.K Nagar 5th Cross Street?

The Sub Registrar Office that covers A.S.K Nagar 5th Cross 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 plays a crucial role in the registration process when buying or selling property. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these charges are based on a standardized value rather than fluctuating market prices.

When a property transaction occurs, the buyer must pay the stamp duty and registration fees based on the higher amount between the guideline value and the actual sale price. This practice helps maintain transparency and consistency in property transactions across the region.

Frequently asked questions

What is the current guideline value of A.S.K Nagar 5th Cross Street?

The current guideline value of A.S.K Nagar 5th Cross 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 remained at Rs 2,500 per sq.ft from 2012 to 2023, with a recent increase of 10% to Rs 2,750 per sq.ft in 2024.

What is the land classification for A.S.K Nagar 5th Cross Street?

A.S.K Nagar 5th Cross Street is classified as Commercial Class I Type - I.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is the stamp duty calculated for properties in A.S.K Nagar 5th Cross Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the guideline value of Rs 2,750 per sq.ft, the stamp duty would be Rs 1,92,500.