Guideline Value

Corporate

Guideline Value for Dr.Srinivasan Nagar

₹1200/sq.ft.

The guideline value for Dr.srinivasan Nagar in Madambakkam village (Gooduvancheri SRO, Chengalpattu zone) is Rs 1200 per sq.ft, effective 1 July 2024. The land classification is Commercial Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Madambakkam

Village

Gooduvancheri

SRO

Commercial Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1200 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹750 /sq.ft.
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)

Defence Colony Road,near Vetnary Hospital,nanthivaram,guduvanjery-603202
044-27462940
[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 Dr.srinivasan Nagar

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Dr.Srinivasan Nagar guideline value

The current guideline value of Dr.Srinivasan Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is located in Madambakkam village, under the Gooduvancheri SRO, and is classified as Commercial Special Type - I.

How the guideline value of Dr.Srinivasan Nagar has changed

The guideline value for Dr.Srinivasan Nagar has undergone several revisions over the years. In 2007, the value was Rs 750 per sq.ft, which increased to Rs 1,200 per sq.ft in 2012, marking a 60% rise. However, from 2012 to 2017, the value decreased to Rs 804 per sq.ft, a decline of 33%. The value then increased significantly to Rs 1,200 per sq.ft in 2023, and it remained unchanged at Rs 1,200 per sq.ft in the 2024 revision.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 60%.

Guideline values in Madambakkam

In Madambakkam, there are 110 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 800 to Rs 2,000 per sq.ft. The median value for these streets is Rs 1,200 per sq.ft, which aligns with the current guideline value of Dr.Srinivasan Nagar.

Stamp duty and registration fee for property in Dr.Srinivasan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, making the total cost for these fees Rs 1,08,000. It is important to 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 precise calculations.

Which Sub Registrar Office covers Dr.Srinivasan Nagar?

The Sub Registrar Office that covers Dr.Srinivasan Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is crucial during property transactions in Madambakkam, as it determines the minimum value at which a property can be registered. When a buyer purchases a property, the registration office uses the guideline value to calculate the applicable stamp duty and registration fees.

It is essential 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 necessary for a smooth registration process.

Frequently asked questions

What is the current guideline value of Dr.Srinivasan Nagar?

The current guideline value of Dr.Srinivasan Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 1,200 per sq.ft in 2023 and 2024. It was Rs 804 per sq.ft in 2017 and Rs 750 per sq.ft in 2007.

What is the classification of land in Dr.Srinivasan Nagar?

The land in Dr.Srinivasan Nagar is classified as Commercial Special Type - I, which reflects its intended use and development potential.

Where can I find the registration office for Dr.Srinivasan Nagar?

The registration office for Dr.Srinivasan Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202.

How is stamp duty calculated for properties in Dr.Srinivasan Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000 at a rate of 7%.