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Guideline Value

Corporate

Guideline Value for Gnanatha Nagar North Main Road

₹2750/sq.ft.

The guideline value for Gnanatha Nagar North Main Road in Madambakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 2750 per sq.ft, effective 1 July 2024. 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 N/A
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 Gnanatha Nagar North Main Road

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Gnanatha Nagar North Main Road guideline value

The current guideline value of Gnanatha Nagar North Main Road is Rs 2,750 per sq.ft. This road is located in Madambakkam village and falls under the Selaiyur SRO with a land classification of Commercial Class I Type - I.

How the guideline value of Gnanatha Nagar North Main Road has changed

The guideline value for Gnanatha Nagar North Main Road has undergone several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was set at Rs 2,500 per sq.ft. In 2017, this value decreased to Rs 1,675 per sq.ft, marking a decline of 33%. However, in the most recent 2024 revision, the guideline value increased significantly to Rs 2,750 per sq.ft, representing a 64% increase from the 2017 figure and an overall increase of 10% from the 2012 value.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2023 for Gnanatha Nagar North Main Road. The current value reflects the latest revision effective from 1 July 2024.

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 Gnanatha Nagar North Main Road is above this median.

Stamp duty and registration fee for property in Gnanatha Nagar North 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. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gnanatha Nagar North Main Road?

The Sub Registrar Office that covers Gnanatha Nagar North 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, 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 government receives the appropriate stamp duty and registration fees based on this value.

When a buyer or seller engages in a transaction, the guideline value is referenced to calculate the applicable fees. If the sale price of the property is higher than the guideline value, the fees will be calculated based on the sale price to ensure compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Gnanatha Nagar North Main Road?

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

What was the guideline value in 2017?

The guideline value for Gnanatha Nagar North Main Road in 2017 was Rs 1,675 per sq.ft.

How much did the guideline value change from 2012 to 2024?

From 2012 to 2024, the guideline value increased by 10%, moving from Rs 2,500 per sq.ft in 2012 to Rs 2,750 per sq.ft in 2024.

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 the stamp duty calculated for properties in Gnanatha Nagar North Main Road?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 27,50,000 would incur a stamp duty of Rs 1,92,500.