Guideline Value

Corporate

Guideline Value for Chairman Thambu Reddiyar Colony

₹2750/sq.ft.

The guideline value for Chairman Thambu Reddiyar Colony 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 ₹1675 /sq.ft.
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

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Chairman Thambu Reddiyar Colony guideline value

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

How the guideline value of Chairman Thambu Reddiyar Colony has changed

The guideline value for Chairman Thambu Reddiyar Colony has undergone several revisions over the years. The earliest recorded revision in 2012 set the value at Rs 2,500 per sq.ft. This was followed by a decrease to Rs 1,675 per sq.ft in 2017. The value then increased significantly to Rs 2,500 per sq.ft in 2023. The most recent revision in 2024 has raised the value to Rs 2,750 per sq.ft.

In terms of percentage changes, the value increased by 10% from 2023 to 2024. The jump from 2017 to 2023 was a substantial 49%. However, there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%. There are no recorded figures for the years 2002, 2003, and 2007 for this street.

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 the village is Rs 2,400 per sq.ft, placing the 2024 figure for Chairman Thambu Reddiyar Colony above this median.

Stamp duty and registration fee for property in Chairman Thambu Reddiyar Colony

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 cost for these fees to Rs 2,47,500. It is important to note that 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 Chairman Thambu Reddiyar Colony?

The Sub Registrar Office that covers Chairman Thambu Reddiyar Colony 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 crucial factor when registering property in Madambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must be aware that the guideline value impacts the stamp duty and registration fees payable at the time of the transaction.

When a property is sold, the guideline value is compared to the sale price to determine the applicable fees. If the sale price is higher than the guideline value, the fees are calculated based on the sale price. Conversely, if the guideline value is higher, the fees are based on that value.

Frequently asked questions

What is the current guideline value of Chairman Thambu Reddiyar Colony?

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

How has the guideline value changed over the years?

Over the years, the guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,750 per sq.ft in 2024.

What is the land classification for Chairman Thambu Reddiyar Colony?

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

What are the stamp duty and registration fees for properties in this area?

For a property valued at 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. Fees are based on the higher of the guideline value or the sale price.

Which office handles property registrations in Chairman Thambu Reddiyar Colony?

The Selaiyur Sub Registrar Office handles property registrations in Chairman Thambu Reddiyar Colony. It is located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.