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Guideline Value

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Guideline Value for Jayaprakash Narayan Nagar 1st Street

₹1600/sq.ft.

The guideline value for Jayaprakash Narayan Nagar 1st Street 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 Street

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Jayaprakash Narayan Nagar 1st Street guideline value

The current guideline value of Jayaprakash Narayan Nagar 1st Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village, under the Selaiyur SRO, and is classified as Residential Class II Type - I.

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

The guideline value for Jayaprakash Narayan Nagar 1st Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which then decreased to Rs 1,005 per sq.ft in the 2017 revision, marking a decline of 33%. However, the most recent 2024 revision has increased the value to Rs 1,600 per sq.ft, representing a significant increase of 59% from the 2017 figure.

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

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO that have 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 Jayaprakash Narayan Nagar 1st Street is below this median.

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

For a 1,000 sq.ft plot at the current rate, the guideline value is 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 Rs 1,44,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jayaprakash Narayan Nagar 1st Street?

The Sub Registrar Office that covers Jayaprakash Narayan 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. 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 during property registration in Madambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property. Buyers and sellers must consider this value to understand their financial obligations during the registration process.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, and then increased to Rs 1,600 per sq.ft in 2024. Overall, from 2012 to 2024, there has been a 7% increase.

What is the land classification for Jayaprakash Narayan Nagar 1st Street?

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

What are the stamp duty and registration fees for property in this street?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 1,44,000, based on the current guideline value of Rs 16,00,000.

Which office handles registrations for this street?

The Selaiyur Sub Registrar Office handles registrations for Jayaprakash Narayan Nagar 1st Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.