Guideline Value

Corporate

Guideline Value for Chandra Prabhu Nagar

₹1700/sq.ft.

The guideline value for Chandra Prabhu Nagar 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

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Chandra Prabhu Nagar guideline value

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

How the guideline value of Chandra Prabhu Nagar has changed

The guideline value for Chandra Prabhu Nagar has undergone several revisions over the years. In the 2012 revision, the guideline value was set at Rs 1,600 per sq.ft. This figure decreased by 33% to Rs 1,072 per sq.ft in the 2017 revision. However, the subsequent 2024 revision saw an increase of 59%, bringing the current guideline value to Rs 1,700 per sq.ft.

Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2023 for this street. Overall, from 2012 to 2024, the guideline value has increased by 6%.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median value for these streets is Rs 2,400 per sq.ft, indicating that Chandra Prabhu Nagar's 2024 figure is below this median.

Stamp duty and registration fee for property in Chandra Prabhu Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total to Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chandra Prabhu Nagar?

The Sub Registrar Office that covers Chandra Prabhu Nagar 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 is a critical factor in property transactions in Madambakkam. When buying or selling property, it serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on an official valuation rather than negotiated sale prices.

It is essential to consider the guideline value during the registration process, as it helps maintain transparency and fairness in property transactions. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Chandra Prabhu Nagar?

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

How has the guideline value changed over the years?

The guideline value changed from Rs 1,600 per sq.ft in 2012 to Rs 1,072 per sq.ft in 2017, and then increased to Rs 1,700 per sq.ft in 2024. There are no figures available for the revisions in 2002, 2003, 2007, and 2023 for this street.

What are the other streets in Madambakkam with similar guideline values?

Other streets in Madambakkam with a guideline value of Rs 1,700 per sq.ft include Chandra Prabhu Nagar 1st Street, 2nd Street, 3rd Street, 4th Street, and Chandra Bose Nagar. The Chairman Thambu Reddiyar Colony Main Road has a higher guideline value of Rs 2,750 per sq.ft.

What is the registration fee for property in Chandra Prabhu Nagar?

The registration fee for property in Chandra Prabhu Nagar is 2% of the guideline value. For example, for a property valued at Rs 17,00,000, the registration fee would be Rs 34,000.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073. This office handles registrations for properties in Chandra Prabhu Nagar.