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Guideline Value

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Guideline Value for C.L.M.Bank Staff Colony, Ramalinga Nagar, Sivasubramaniam Street,

₹2750/sq.ft.

The guideline value for C.l.m.bank Staff Colony, Ramalinga Nagar, Sivasubramaniam Street, in Madipakkam-1 village (Velacheri SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madipakkam-1

Village

Velacheri

SRO

Residential Class I Type - III
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 N/A
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.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[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 C.l.m.bank Staff Colony, Ramalinga Nagar, Sivasubramaniam Street,

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C.L.M.Bank Staff Colony, Ramalinga Nagar, Sivasubramaniam Street, guideline value

The current guideline value for C.L.M.Bank Staff Colony, Ramalinga Nagar, Sivasubramaniam Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in the Madipakkam-1 village under the Velacheri SRO, classified as Residential Class I Type - III.

How the guideline value of C.L.M.Bank Staff Colony, Ramalinga Nagar, Sivasubramaniam Street, has changed

The guideline value for C.L.M.Bank Staff Colony, Ramalinga Nagar, Sivasubramaniam Street has seen significant changes over the years. In the 2017 revision, the guideline value was Rs 1,675 per sq.ft. The latest revision in 2024 has increased this figure to Rs 2,750 per sq.ft, marking a change of +64% from the previous revision.

There are no figures available for the revisions in 2023, 2012, 2007, 2003, and 2002 for this street. Thus, the only revisions with figures are from 2017 and 2024.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1823 streets under the Velacheri SRO, with guideline values ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,750 per sq.ft, which is equal to the current figure for C.L.M.Bank Staff Colony, Ramalinga Nagar, Sivasubramaniam Street.

Stamp duty and registration fee for property in C.L.M.Bank Staff Colony, Ramalinga Nagar, Sivasubramaniam 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, totaling 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 C.L.M.Bank Staff Colony, Ramalinga Nagar, Sivasubramaniam Street,?

The C.L.M.Bank Staff Colony, Ramalinga Nagar, Sivasubramaniam Street falls under the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value is a crucial factor in property transactions within Madipakkam-1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives its due revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the stamp duty based on the higher of the guideline value or the sale price. This ensures that all transactions are conducted transparently and fairly, adhering to the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value for C.L.M.Bank Staff Colony, Ramalinga Nagar, Sivasubramaniam Street?

The current guideline value for C.L.M.Bank Staff Colony, Ramalinga Nagar, Sivasubramaniam Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2017 to 2024?

From the 2017 revision to the 2024 revision, the guideline value has increased by +64%, from Rs 1,675 per sq.ft to Rs 2,750 per sq.ft.

What is the range of guideline values in Madipakkam-1?

The guideline values in Madipakkam-1 range from Rs 1,650 to Rs 5,500 per sq.ft, with a median value of Rs 2,750 per sq.ft.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in C.L.M.Bank Staff Colony, Ramalinga Nagar, Sivasubramaniam Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for this area?

The Velacheri Sub Registrar Office covers C.L.M.Bank Staff Colony, Ramalinga Nagar, Sivasubramaniam Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.