Guideline Value for Devaraj Nagar 1st Main Road
₹2750/sq.ft.
The guideline value for Devaraj Nagar 1st 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]
Records for a plot on Devaraj Nagar 1st Main Road
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Selaiyur sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Devaraj Nagar 1st Main Road guideline value
The current guideline value of Devaraj Nagar 1st Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024. This road is located in Madambakkam village under the Selaiyur SRO and is classified as Commercial Class I Type - I.
How the guideline value of Devaraj Nagar 1st Main Road has changed
In the revision of 2012, the guideline value for Devaraj Nagar 1st Main Road was Rs 2,500 per sq.ft. This figure remained unchanged in the subsequent revision of 2023, which also recorded Rs 2,500 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 2,750 per sq.ft, marking a 10% rise from the previous year.
Overall, from 2012 to 2024, the guideline value has increased by 10%. The register does not have figures for the revisions in 2002, 2003, 2007, and 2017 for this street.
Guideline values in Madambakkam
In Madambakkam, there are 1151 streets under the Selaiyur SRO that carry a guideline value for 2024, ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value in this area is Rs 2,400 per sq.ft, placing the guideline value of Devaraj Nagar 1st Main Road above this median.
- Devaraj Nagar 1st Cross Street: Rs 2,750 per sq.ft (2024)
- Devaraj Nagar 1st Street: Rs 2,750 per sq.ft (2024)
- Devaraj Nagar: Rs 2,750 per sq.ft (2024)
- Devaraj Nagar 2nd Cross Street: Rs 2,750 per sq.ft (2024)
- Devaraj Nagar 2nd Main Road: Rs 2,750 per sq.ft (2024)
- Devaraj Nagar 2nd Street: Rs 2,750 per sq.ft (2024)
Stamp duty and registration fee for property in Devaraj Nagar 1st 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 amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, while the registration fee at 2% would be Rs 55,000, making the total cost Rs 2,47,500. 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 Devaraj Nagar 1st Main Road?
The Sub Registrar Office that covers Devaraj Nagar 1st 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, 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 plays a crucial role during the registration of property transactions in Madambakkam. It serves as the basis for calculating the stamp duty and registration fees that need to be paid when a property is bought or sold.
When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to determine the applicable duties. This ensures that the government receives the correct amount of revenue from property transactions.
Frequently asked questions
What is the current guideline value of Devaraj Nagar 1st Main Road?
The current guideline value of Devaraj Nagar 1st Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
Since 2012, the guideline value has remained at Rs 2,500 per sq.ft until 2023. In 2024, it increased to Rs 2,750 per sq.ft, marking a 10% rise from the previous year.
What is the stamp duty rate for property transactions?
The stamp duty rate for property transactions in this area is 7% of the guideline value or the sale price, whichever is higher.
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.
What is the median guideline value in Madambakkam?
The median guideline value in Madambakkam is Rs 2,400 per sq.ft, which is below the current guideline value of Devaraj Nagar 1st Main Road.
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