Guideline Value

Corporate

Guideline Value for Gnanantha Nagar 1st Street

₹2750/sq.ft.

The guideline value for Gnanantha Nagar 1st Street 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 ₹1675 /sq.ft.
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 Gnanantha Nagar 1st Street

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Gnanantha Nagar 1st Street guideline value

The current guideline value for Gnanantha Nagar 1st Street 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 Gnanantha Nagar 1st Street has changed

The guideline value for Gnanantha Nagar 1st Street has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 2,750 per sq.ft, an increase from Rs 2,500 per sq.ft in 2023, marking a 10% rise. Prior to that, in 2017, the value was Rs 1,675 per sq.ft, reflecting a significant increase of 49% to the 2023 figure. The 2012 revision recorded a guideline value of Rs 2,500 per sq.ft, which was a decrease of 33% from the 2017 value. Overall, from 2012 to 2024, the guideline value has increased by 10%.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. The guideline value history shows that the fluctuations have been significant, particularly between the years 2017 and 2023.

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 for Gnanantha Nagar 1st Street is above this median, indicating its relatively higher valuation.

Stamp duty and registration fee for property in Gnanantha Nagar 1st Street

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 costs together to Rs 2,47,500. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more details on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gnanantha Nagar 1st Street?

The Sub Registrar Office that covers Gnanantha Nagar 1st Street 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. For more information, you can find your SRO.

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

The guideline value is a crucial factor 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 state receives appropriate revenue through stamp duty and registration fees.

When a property is sold, the guideline value may influence the sale price, as it reflects the official valuation of the property. Buyers and sellers should be aware of these values to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value for Gnanantha Nagar 1st Street?

The current guideline value for Gnanantha Nagar 1st Street 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 changed from Rs 1,675 per sq.ft in 2017 to Rs 2,750 per sq.ft in 2024, with various revisions in between, including Rs 2,500 in 2023 and 2012.

What is the land classification for Gnanantha Nagar 1st Street?

Gnanantha Nagar 1st Street is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

What are the stamp duty and registration fees for properties in this area?

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.

Where is the Sub Registrar Office for Gnanantha Nagar 1st Street located?

The Sub Registrar Office for Gnanantha Nagar 1st Street is located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.