Guideline Value

Corporate

Guideline Value for Gayathri Garden Main Road

₹1700/sq.ft.

The guideline value for Gayathri Garden Main Road in Madambakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 1700 per sq.ft, effective 1 July 2024. It was Rs 1600 per sq.ft from 1 April 2023, a 6% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Madambakkam

Village

Selaiyur

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹1700 /sq.ft.
From 1-4-2023 ₹1600 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹1600 /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 Gayathri Garden Main Road

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Gayathri Garden Main Road guideline value

The current guideline value of Gayathri Garden Main Road is Rs 1,700 per sq.ft, effective from 1 July 2024. This road is located in Madambakkam village under the Selaiyur SRO and is classified as Residential Class I Type - II.

How the guideline value of Gayathri Garden Main Road has changed

In the 2012 revision, the guideline value was set at Rs 1,600 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded a guideline value of Rs 1,600 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 1,700 per sq.ft, marking a 6% rise from the previous year.

The overall change from the 2012 revision to the 2024 revision reflects a 6% increase, as the value has moved from Rs 1,600 per sq.ft in 2012 to Rs 1,700 per sq.ft in 2024. The register has no 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 that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft, with a median value of Rs 2,400 per sq.ft. The guideline value of Gayathri Garden Main Road is below this median.

Stamp duty and registration fee for property in Gayathri Garden Main Road

For a 1,000 sq.ft plot at the current rate of Rs 1,700 per sq.ft, the guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total to Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gayathri Garden Main Road?

The Sub Registrar Office that covers Gayathri Garden 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 details.

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

The guideline value is a crucial factor during property registration in Madambakkam. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, it is essential to consider the guideline value, as it helps determine the financial obligations associated with the transaction. Buyers and sellers should be aware that the guideline value can influence the overall cost of the property transfer process.

Frequently asked questions

What is the current guideline value of Gayathri Garden Main Road?

The current guideline value of Gayathri Garden Main Road is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2012 to Rs 1,700 per sq.ft in 2024, marking a 6% increase. The value remained unchanged at Rs 1,600 per sq.ft in the 2023 revision.

What are the guideline values of other streets in Madambakkam?

Other streets in Madambakkam under the Selaiyur SRO have a guideline value of Rs 1,700 per sq.ft in 2024. These include Gayathri Garden Cross Street, Gayathri Garden-Sudarsan Nagar, Gayathri Garden 1st Street, Gayathri Garden 1st Cross Street, Gayathri Garden, and Gayathri Avenue-Jayaprakash Narayanan Nagar.

What is the registration fee for property in Gayathri Garden Main Road?

The registration fee is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 17,00,000, the registration fee at 2% would be Rs 34,000.

Where is the Sub Registrar Office for Gayathri Garden Main Road 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.