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Guideline Value

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Guideline Value for Karpagam Avenue Main Road 2nd Street

₹1700/sq.ft.

The guideline value for Karpagam Avenue Main Road 2nd Street in Madambakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 1700 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Madambakkam

Village

Selaiyur

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹1700 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1072 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1600 /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 Karpagam Avenue Main Road 2nd Street

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Karpagam Avenue Main Road 2nd Street guideline value

The current guideline value of Karpagam Avenue Main Road 2nd Street is Rs 1,700 per sq.ft. It is located in Madambakkam village under the Selaiyur SRO, classified as Residential Class I Type - II.

How the guideline value of Karpagam Avenue Main Road 2nd Street has changed

In the 2012 revision, the guideline value was Rs 1,600 per sq.ft. This was followed by a decrease to Rs 1,072 per sq.ft in the 2017 revision, marking a decline of 33%. However, the most recent revision in 2024 shows an increase to Rs 1,700 per sq.ft, representing a rise of 59% from the 2017 figure.

Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a slight increase of 6%. There are no figures available for the years 2002, 2003, 2007, and 2023 in the register for this street.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median value for these streets is Rs 2,400 per sq.ft, placing Karpagam Avenue Main Road 2nd Street's 2024 figure below that median.

Stamp duty and registration fee for property in Karpagam Avenue Main Road 2nd Street

For a 1,000 sq.ft plot at the current rate of Rs 1,700 per sq.ft, the guideline value would be Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total to Rs 1,53,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Karpagam Avenue Main Road 2nd Street?

The Karpagam Avenue Main Road 2nd Street is covered by 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 for property transactions. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the government's valuation of the property.

When buying or selling property in Madambakkam, it is essential to consider the guideline value, as it affects the overall cost of the transaction. Buyers should be aware that the duty is charged on the higher of the guideline value and the sale price, which can impact their financial planning.

Frequently asked questions

What is the current guideline value of Karpagam Avenue Main Road 2nd Street?

The current guideline value of Karpagam Avenue Main Road 2nd Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2012 to Rs 1,072 per sq.ft in 2017, and then increased to Rs 1,700 per sq.ft in 2024. Overall, from 2012 to 2024, there has been a slight increase of 6%.

What is the land classification for Karpagam Avenue Main Road 2nd Street?

Karpagam Avenue Main Road 2nd Street is classified as Residential Class I Type - II, indicating its suitability for residential development.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Karpagam Avenue Main Road 2nd Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 17,00,000, the stamp duty at 7% would be Rs 1,19,000.