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Guideline Value

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Guideline Value for Jayaprakash Narayan Nagar 1st Main Road

₹1600/sq.ft.

The guideline value for Jayaprakash Narayan Nagar 1st Main Road in Madambakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 1600 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Madambakkam

Village

Selaiyur

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1600 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /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 Jayaprakash Narayan Nagar 1st Main Road

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Jayaprakash Narayan Nagar 1st Main Road guideline value

The current guideline value of Jayaprakash Narayan Nagar 1st Main Road is Rs 1,600 per sq.ft, effective from 1 July 2024. This area is located in Madambakkam village and falls under the Selaiyur SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Jayaprakash Narayan Nagar 1st Main Road has changed

In the 2012 revision, the guideline value was set at Rs 1,500 per sq.ft. This figure decreased to Rs 1,005 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2024, the guideline value saw a significant increase of 59%, bringing it to the current rate of Rs 1,600 per sq.ft.

Overall, from the 2012 revision to the 2024 revision, there has been a slight increase of 7% in the guideline value. It is important to note that the register has no figures for the years 2023, 2007, 2003, and 2002 for this street.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO, with 2024 guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value for the area is Rs 2,400 per sq.ft, indicating that the 2024 figure for Jayaprakash Narayan Nagar 1st Main Road is below this median.

Stamp duty and registration fee for property in Jayaprakash Narayan Nagar 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, making the total cost for these fees Rs 1,44,000. 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 Jayaprakash Narayan Nagar 1st Main Road?

The Sub Registrar Office that covers Jayaprakash Narayan Nagar 1st 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 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 transaction is recorded at a fair value.

When registering a property, buyers should be aware that the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Jayaprakash Narayan Nagar 1st Main Road?

The current guideline value of Jayaprakash Narayan Nagar 1st Main Road is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has changed from Rs 1,500 per sq.ft to Rs 1,600 per sq.ft in 2024, showing an overall increase of 7% over this period.

What is the land classification of Jayaprakash Narayan Nagar 1st Main Road?

The land classification for Jayaprakash Narayan Nagar 1st Main Road is Residential Class II Type - I.

What are the stamp duty rates for properties in this area?

The stamp duty rate for properties in this area is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which office handles property registrations for this street?

The Selaiyur Sub Registrar Office handles property registrations for Jayaprakash Narayan Nagar 1st Main Road, located at No.36, Bharathmatha Salai, East Tambaram, Chennai.