Guideline Value for East Main Road

East Main Road guideline value

The current guideline value of East Main Road in Madambakkam village is Rs 1,300 per sq.ft, effective from 1 July 2024. This falls under the Selaiyur SRO and is classified as Residential Class II Type - II.

How the guideline value of East Main Road has changed

In the 2012 revision, the guideline value for East Main Road was Rs 1,200 per sq.ft. This figure remained unchanged in the 2023 revision, where it was still Rs 1,200 per sq.ft. However, the 2024 revision saw an increase to Rs 1,300 per sq.ft, marking an 8% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. The register does not contain figures for the years 2002, 2003, 2007, and 2017 for this street.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO, with guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value in the village is Rs 2,400 per sq.ft, placing East Main Road's 2024 figure below this median.

• East Mada Street: Rs 1,700 per sq.ft (2024)
• Dwaragapuri: Rs 2,750 per sq.ft (2024)
• Erattaimalai Srinivasan Street: Rs 1,300 per sq.ft (2024)
• Esthar Garden 1st Cross Street: Rs 1,900 per sq.ft (2024)
• Esthar Garden 1st Street: Rs 1,900 per sq.ft (2024)
• Esthar Garden 2nd Cross Street: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in East Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, resulting in a total of Rs 1,17,000. 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 East Main Road?

The Sub Registrar Office that covers East 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 is used to determine the stamp duty and registration fees that must be paid at the time of property registration.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and tax purposes. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of East Main Road?

The current guideline value of East Main Road is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,200 per sq.ft from 2012 to 2023, and increased to Rs 1,300 per sq.ft in 2024, marking an overall increase of 8% from 2012 to 2024.

What is the land classification for East Main Road?

East Main Road is classified as Residential Class II Type - II, which indicates its suitability for residential development.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated for properties in East Main Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 91,000.