Guideline Value

Corporate

Guideline Value for Crystal Spring Nagar

₹2400/sq.ft.

The guideline value for Crystal Spring Nagar in Madambakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 2400 per sq.ft, effective 1 July 2024. It was Rs 2200 per sq.ft from 1 April 2023, a 9% change. The land classification is Commercial Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Madambakkam

Village

Selaiyur

SRO

Commercial Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹2400 /sq.ft.
From 1-4-2023 ₹2200 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹2200 /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 Crystal Spring Nagar

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Crystal Spring Nagar guideline value

The current guideline value of Crystal Spring Nagar is Rs 2,400 per sq.ft, effective from 1 July 2024. This area is located in Madambakkam village under the Selaiyur SRO, classified as Commercial Class I Type - II.

How the guideline value of Crystal Spring Nagar has changed

Looking back at the revisions, the guideline value for Crystal Spring Nagar was Rs 2,200 per sq.ft in 2023 and also in 2012. There are no figures available for the years 2002, 2003, 2007, and 2017 in the register for this street.

From 2023 to 2024, the guideline value increased by 9%, moving from Rs 2,200 to Rs 2,400 per sq.ft. Overall, from 2012 to 2024, the increase has been 9%, with the value remaining unchanged between 2012 and 2023.

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 guideline value is Rs 2,400 per sq.ft, which is equal to the current value of Crystal Spring Nagar.

Stamp duty and registration fee for property in Crystal Spring Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total fees together to Rs 2,16,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Crystal Spring Nagar?

The Sub Registrar Office that covers Crystal Spring 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. To find your SRO, visit find your SRO.

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

The guideline value is essential during the registration of property transactions in Madambakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable stamp duty, ensuring that the government receives its due revenue from property transactions.

Frequently asked questions

What is the current guideline value of Crystal Spring Nagar?

The current guideline value of Crystal Spring Nagar is Rs 2,400 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 9%, from Rs 2,200 to Rs 2,400 per sq.ft.

What land classification does Crystal Spring Nagar fall under?

Crystal Spring Nagar is classified as Commercial Class I Type - II, which outlines its intended use for commercial purposes.

How is stamp duty calculated in Crystal Spring Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 24,00,000 would incur a stamp duty of Rs 1,68,000 at the rate of 7%.

Where can I find the Sub Registrar Office for Crystal Spring Nagar?

The Sub Registrar Office for Crystal Spring Nagar is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073. You can find your SRO by visiting the relevant link.