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Guideline Value

Corporate

Guideline Value for Devaraj Nagar Madampakkam Main Road

₹2750/sq.ft.

The guideline value for Devaraj Nagar Madampakkam 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]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Devaraj Nagar Madampakkam Main Road

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Devaraj Nagar Madampakkam Main Road guideline value

The current guideline value of Devaraj Nagar Madampakkam Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024. This street 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 Madampakkam Main Road has changed

In the 2012 revision, the guideline value was Rs 2,500 per sq.ft. This figure remained unchanged in the 2023 revision. 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, there has been a total increase of 10% in the guideline value.

There are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street. Thus, the only relevant revisions are from 2012, 2023, and 2024.

Guideline values in Madambakkam

In Madambakkam, the guideline values for 2024 range from Rs 1,100 to Rs 6,000 per sq.ft across 1,151 streets under the Selaiyur SRO, with a median value of Rs 2,400 per sq.ft. The guideline value for Devaraj Nagar Madampakkam Main Road is above this median.

Stamp duty and registration fee for property in Devaraj Nagar Madampakkam 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 would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total cost to Rs 2,47,500. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Devaraj Nagar Madampakkam Main Road?

The Sub Registrar Office that covers Devaraj Nagar Madampakkam 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 in the registration process when buying or selling property in Madambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which could impact the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Devaraj Nagar Madampakkam Main Road?

The current guideline value of Devaraj Nagar Madampakkam Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 2,500 per sq.ft from 2012 to 2023, before increasing to Rs 2,750 per sq.ft in 2024. Overall, there has been a 10% increase from 2012 to 2024.

What are the registration fees for property in Devaraj Nagar Madampakkam Main Road?

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. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for this area?

The Selaiyur Sub Registrar Office handles property registrations for Devaraj Nagar Madampakkam Main Road. It is located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Chennai - 600 073.

What is the land classification for Devaraj Nagar Madampakkam Main Road?

The land classification for Devaraj Nagar Madampakkam Main Road is Commercial Class I Type - I, indicating its suitability for commercial activities.