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Guideline Value

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Guideline Value for Chandra Prabhu Nagar 1st Street

₹1700/sq.ft.

The guideline value for Chandra Prabhu Nagar 1st Street in Madambakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 1700 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Madambakkam

Village

Selaiyur

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹1700 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1072 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1600 /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 Chandra Prabhu Nagar 1st Street

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Chandra Prabhu Nagar 1st Street guideline value

The current guideline value of Chandra Prabhu Nagar 1st Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village under the Selaiyur SRO, classified as Residential Class I Type - II.

How the guideline value of Chandra Prabhu Nagar 1st Street has changed

In the 2012 revision, the guideline value was set at Rs 1,600 per sq.ft. This figure saw a decrease in the 2017 revision, dropping to Rs 1,072 per sq.ft, marking a decline of 33%. However, from 2017 to the 2024 revision, the guideline value increased significantly to Rs 1,700 per sq.ft, reflecting a rise of 59%.

Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a slight increase of 6%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2023 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 these streets is Rs 2,400 per sq.ft, placing Chandra Prabhu Nagar 1st Street's 2024 figure below this median.

Stamp duty and registration fee for property in Chandra Prabhu Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000. Together, the total cost for these fees would be Rs 1,53,000. Please note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chandra Prabhu Nagar 1st Street?

The Sub Registrar Office that covers Chandra Prabhu Nagar 1st 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.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during property transactions in Madambakkam. It serves as a benchmark for determining the minimum price at which a property can be registered. When a property is sold, the registration office uses the guideline value to calculate the applicable stamp duty and registration fees.

It is important for buyers and sellers to be aware of the guideline value, as it impacts the overall cost of the transaction. Ensuring that the sale price meets or exceeds the guideline value is essential for a smooth registration process.

Frequently asked questions

What is the current guideline value of Chandra Prabhu Nagar 1st Street?

The current guideline value of Chandra Prabhu Nagar 1st Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

From the 2012 revision to the 2017 revision, the guideline value decreased from Rs 1,600 to Rs 1,072 per sq.ft. However, it increased to Rs 1,700 per sq.ft in the 2024 revision.

What is the land classification of Chandra Prabhu Nagar 1st Street?

Chandra Prabhu Nagar 1st Street is classified as Residential Class I Type - II.

Where can I find the registration office for Chandra Prabhu Nagar 1st Street?

The registration office for Chandra Prabhu Nagar 1st Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Chennai - 600 073.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2% of the guideline value. For example, a 1,000 sq.ft plot at Rs 1,700 per sq.ft would incur a total guideline value of Rs 17,00,000.