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Guideline Value

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Guideline Value for Karpagam Avenue Main Road 3rd Street

₹1700/sq.ft.

The guideline value for Karpagam Avenue Main Road 3rd Street in Madambakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 1700 per sq.ft, effective 1 July 2024. It was Rs 1600 per sq.ft from 1 April 2023, a 6% change. 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 ₹1600 /sq.ft.
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 3rd Street

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Karpagam Avenue Main Road 3rd Street guideline value

The current guideline value of Karpagam Avenue Main Road 3rd Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street 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 3rd Street has changed

Over the years, the guideline value for Karpagam Avenue Main Road 3rd Street has seen several revisions. The 2012 revision set the value at Rs 1,600 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 1,072 per sq.ft. Following this, the value increased significantly to Rs 1,600 per sq.ft in the 2023 revision, before reaching the current value of Rs 1,700 per sq.ft in the 2024 revision.

From 2017 to 2023, the value increased by 49%, and from 2023 to 2024, it rose by 6%. Overall, when comparing the 2012 revision to the current 2024 revision, there has been a total increase of 6%. The register has no figures for the revisions in 2002, 2003, and 2007 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 Karpagam Avenue Main Road 3rd Street is below this median.

Stamp duty and registration fee for property in Karpagam Avenue Main Road 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, leading to a total of Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Karpagam Avenue Main Road 3rd Street?

The Karpagam Avenue Main Road 3rd Street falls under 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 plays a crucial role during the registration process of property transactions in Madambakkam. It is used to determine the stamp duty and registration fees, which are mandatory for any property transfer.

When buying or selling property, the guideline value serves as a reference point for both the buyer and seller. It ensures that the transaction is recorded at a value that reflects the government's assessment of property worth in the area.

Frequently asked questions

What is the current guideline value of Karpagam Avenue Main Road 3rd Street?

The current guideline value of Karpagam Avenue Main Road 3rd 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, then back to Rs 1,600 per sq.ft in 2023, and finally to Rs 1,700 per sq.ft in 2024.

What is the land classification for Karpagam Avenue Main Road 3rd Street?

Karpagam Avenue Main Road 3rd Street is classified as Residential Class I Type - II.

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 stamp duty calculated for property in Karpagam Avenue Main Road 3rd Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,19,000 at a rate of 7%.