Guideline Value

Corporate

Guideline Value for Alamelupuram 1st Main Road

₹2750/sq.ft.

The guideline value for Alamelupuram 1st Main Road 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 Alamelupuram 1st Main Road

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Alamelupuram 1st Main Road guideline value

The current guideline value of Alamelupuram 1st Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024. This road is located in Madambakkam village under the Selaiyur SRO, and it falls under the Commercial Class I Type - I land classification.

How the guideline value of Alamelupuram 1st Main Road has changed

In the 2012 revision, the guideline value was set at Rs 2,500 per sq.ft, which remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 2,750 per sq.ft, reflecting a 10% rise from the previous year. Notably, there are no figures available for the revisions in 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 change indicates a notable adjustment in the guideline value over the years, particularly from 2023 to 2024, where the increase was 10%.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO, with guideline values 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 Alamelupuram 1st Main Road above this median at Rs 2,750 per sq.ft.

Stamp duty and registration fee for property in Alamelupuram 1st Main Road

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, charged at 7%, would be Rs 1,92,500, while the registration fee at 2% would be Rs 55,000. Together, these fees total Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Alamelupuram 1st Main Road?

The Sub Registrar Office that covers Alamelupuram 1st Main Road 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 details.

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

The guideline value is a crucial factor in property transactions in Madambakkam. It serves as the minimum value at which properties must be registered, ensuring that the government receives appropriate revenue from property sales. Buyers and sellers must consider this value when negotiating sale prices, as the registration will be based on the higher of the guideline value or the actual sale price.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that all transactions are transparent and adhere to the legal requirements set by the Registration Department.

Frequently asked questions

What is the current guideline value of Alamelupuram 1st Main Road?

The current guideline value of Alamelupuram 1st Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed in recent years?

From the 2012 revision to the 2024 revision, the guideline value increased by 10%. The 2023 revision maintained the value at Rs 2,500 per sq.ft, while the 2024 revision raised it to Rs 2,750 per sq.ft.

What are the stamp duty and registration fees for property in Alamelupuram 1st Main Road?

The stamp duty for a property valued at Rs 27,50,000 would be Rs 1,92,500, and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which Sub Registrar Office covers Alamelupuram 1st Main Road?

The Selaiyur Sub Registrar Office covers Alamelupuram 1st Main Road, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What is the land classification for Alamelupuram 1st Main Road?

Alamelupuram 1st Main Road is classified under Commercial Class I Type - I, indicating its suitability for commercial activities.