Guideline Value

Corporate

Guideline Value for Chairman Thambu Reddiyar Colony Main Road

₹2750/sq.ft.

The guideline value for Chairman Thambu Reddiyar Colony 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 Chairman Thambu Reddiyar Colony Main Road

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Chairman Thambu Reddiyar Colony Main Road guideline value

The current guideline value for Chairman Thambu Reddiyar Colony Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024. This road 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 Chairman Thambu Reddiyar Colony Main Road has changed

The guideline value for Chairman Thambu Reddiyar Colony Main Road has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 2,750 per sq.ft, an increase of 10% from the 2023 revision, which was Rs 2,500 per sq.ft. Prior to this, the 2012 revision also recorded the value at 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 2012 to 2024, the guideline value has increased by 10%. This consistent increase reflects the adjustments made in the recent revisions, particularly the jump from 2023 to 2024.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO carrying a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median value across these streets is Rs 2,400 per sq.ft, placing the guideline value of Chairman Thambu Reddiyar Colony Main Road above the median.

Stamp duty and registration fee for property in Chairman Thambu Reddiyar Colony 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 would be Rs 27,50,000. The stamp duty, calculated at 7%, amounts to Rs 1,92,500, while the registration fee at 2% is Rs 55,000. Together, these fees would total Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chairman Thambu Reddiyar Colony Main Road?

The Sub Registrar Office that covers Chairman Thambu Reddiyar Colony 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, within 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 critical factor during the registration of property transactions in Madambakkam. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring transparency and fairness in property dealings.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher, impacting the overall cost of the transaction.

Frequently asked questions

What is the current guideline value for Chairman Thambu Reddiyar Colony Main Road?

The current guideline value for Chairman Thambu Reddiyar Colony Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From the 2023 revision to the 2024 revision, the guideline value increased by 10%, from Rs 2,500 per sq.ft to Rs 2,750 per sq.ft.

What is the land classification for this area?

The land classification for Chairman Thambu Reddiyar Colony Main Road is Commercial Class I Type - I.

What are the registration fees for properties in this area?

For a property valued at the current guideline value of Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which office handles the registration for properties in this area?

The Selaiyur Sub Registrar Office handles the registration for properties in Chairman Thambu Reddiyar Colony Main Road, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.