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Guideline Value

Corporate

Guideline Value for Jaivandha Puram 2nd Main Road

₹2400/sq.ft.

The guideline value for Jaivandha Puram 2nd Main Road in Madambakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 2400 per sq.ft, effective 1 July 2024. It was Rs 2200 per sq.ft from 1 April 2023, a 9% change. The land classification is Commercial Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Madambakkam

Village

Selaiyur

SRO

Commercial Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹2400 /sq.ft.
From 1-4-2023 ₹2200 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹2200 /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 Jaivandha Puram 2nd Main Road

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Jaivandha Puram 2nd Main Road guideline value

The current guideline value of Jaivandha Puram 2nd Main Road is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village under the Selaiyur SRO, and it falls under the land classification of Commercial Class I Type - II.

How the guideline value of Jaivandha Puram 2nd Main Road has changed

The guideline value for Jaivandha Puram 2nd Main Road has remained steady at Rs 2,200 per sq.ft from the 2012 revision until the 2023 revision. In the 2024 revision, the guideline value increased to Rs 2,400 per sq.ft, marking a 9% increase from the previous year. There are no figures available for the revisions in the years 2002, 2003, 2007, and 2017.

From 2012 to 2023, the guideline value did not change, remaining at Rs 2,200 per sq.ft. Overall, from 2012 to 2024, the guideline value has increased by 9%, reflecting the current rate of Rs 2,400 per sq.ft.

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. The median guideline value for these streets is Rs 2,400 per sq.ft, which is equal to the current guideline value of Jaivandha Puram 2nd Main Road.

Stamp duty and registration fee for property in Jaivandha Puram 2nd Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total to Rs 2,16,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jaivandha Puram 2nd Main Road?

The Sub Registrar Office that covers Jaivandha Puram 2nd 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 is a crucial factor when registering property transactions in Madambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold, the buyer and seller must ensure that the sale price is at least equal to the guideline value to avoid any legal complications. The registration authorities use the guideline value to calculate the applicable fees, ensuring that the transaction is compliant with local regulations.

Frequently asked questions

What is the current guideline value of Jaivandha Puram 2nd Main Road?

The current guideline value of Jaivandha Puram 2nd Main Road is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 2,200 per sq.ft from 2012 until 2023. In 2024, it increased to Rs 2,400 per sq.ft, marking a 9% rise from the previous year.

What are the stamp duty and registration fees for property in Jaivandha Puram 2nd Main Road?

For a property valued at Rs 24,00,000, the stamp duty would be Rs 1,68,000, and the registration fee would be Rs 48,000, totaling Rs 2,16,000. These fees are based on the higher of the guideline value or the sale price.

Which Sub Registrar Office covers Jaivandha Puram 2nd Main Road?

The Selaiyur Sub Registrar Office covers Jaivandha Puram 2nd Main Road, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What is the land classification for Jaivandha Puram 2nd Main Road?

The land classification for Jaivandha Puram 2nd Main Road is Commercial Class I Type - II, which indicates its suitability for commercial activities.