Guideline Value

Corporate

Guideline Value for ArvindNagar 3rd Street

₹2750/sq.ft.

The guideline value for Arvindnagar 3rd 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 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 Arvindnagar 3rd Street

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ArvindNagar 3rd Street guideline value

The current guideline value of ArvindNagar 3rd Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village and falls under the Selaiyur SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of ArvindNagar 3rd Street has changed

The guideline value for ArvindNagar 3rd Street has seen changes over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, while the latest 2024 revision increased it to Rs 2,750 per sq.ft, marking a rise of 10%. There are no recorded figures for the revisions in 2023, 2017, 2007, 2003, and 2002 for this street.

From the 2012 revision to the 2024 revision, the increase reflects adjustments in the property market. The 2024 figure of Rs 2,750 per sq.ft is now positioned above the median guideline value for streets in Madambakkam.

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 value is Rs 2,400 per sq.ft, and ArvindNagar 3rd Street's 2024 figure of Rs 2,750 per sq.ft is above this median.

Stamp duty and registration fee for property in ArvindNagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total cost for these fees to Rs 2,47,500. Duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers ArvindNagar 3rd Street?

The Sub Registrar Office that covers ArvindNagar 3rd 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 property transactions in Madambakkam. It is used as a basis for calculating stamp duty and registration fees when a property is bought or sold. This ensures that the government receives the appropriate revenue from property transactions.

When registering a property, the guideline value is compared to the sale price, and the higher amount is used to determine the applicable duties. This process helps maintain transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of ArvindNagar 3rd Street?

The current guideline value of ArvindNagar 3rd 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 increased from Rs 2,500 per sq.ft in 2012 to Rs 2,750 per sq.ft in 2024, which is a rise of 10%. There are no recorded figures for the revisions in 2023, 2017, 2007, 2003, and 2002 for this street.

What are the guideline values for other streets in Madambakkam?

Other streets in Madambakkam have guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median value is Rs 2,400 per sq.ft, and ArvindNagar 3rd Street's value is above this median.

What fees are associated with buying property in ArvindNagar 3rd Street?

When buying property in ArvindNagar 3rd Street, the stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. These fees are based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for ArvindNagar 3rd Street?

The Sub Registrar Office for ArvindNagar 3rd Street is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073. You can find more details by using the provided link to locate your SRO.