Guideline Value

Corporate

Guideline Value for Kovilanjery Link Road

₹1300/sq.ft.

The guideline value for Kovilanjery Link Road in Madambakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 1300 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Madambakkam

Village

Selaiyur

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹1300 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹1200 /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 Kovilanjery Link Road

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Kovilanjery Link Road guideline value

The current guideline value of Kovilanjery Link Road is Rs 1,300 per sq.ft, effective from 1 July 2024. This road is located in Madambakkam village and falls under the Selaiyur SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Kovilanjery Link Road has changed

The guideline value for Kovilanjery Link Road has undergone revisions over the years. The earliest recorded revision is from 2012, which set the value at Rs 1,200 per sq.ft. The most recent revision in 2024 raised this figure to Rs 1,300 per sq.ft, marking an increase of 8% from the 2012 revision.

There are no recorded figures for the years 2023, 2017, 2007, 2003, and 2002 for Kovilanjery Link Road. The 2024 guideline value reflects the current market conditions and is applicable for property transactions from July 2024 onwards.

Guideline values in Madambakkam

Madambakkam has a total of 1151 streets under the Selaiyur SRO, with guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value in this village is Rs 2,400 per sq.ft, placing Kovilanjery Link Road's 2024 figure below that median.

Stamp duty and registration fee for property in Kovilanjery Link Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty, calculated at 7%, would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

To calculate your specific fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kovilanjery Link Road?

The Sub Registrar Office that covers Kovilanjery Link 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 in property transactions in Madambakkam. It serves as a benchmark for determining the minimum price at which properties can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

During the registration process, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties in a transaction are aware of the financial obligations associated with the property transfer.

Frequently asked questions

What is the current guideline value of Kovilanjery Link Road?

The current guideline value of Kovilanjery Link Road is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Kovilanjery Link Road was Rs 1,200 per sq.ft in 2012 and increased to Rs 1,300 per sq.ft in 2024, reflecting an 8% rise. There are no recorded figures for the years 2023, 2017, 2007, 2003, and 2002.

What are the guideline values for other streets in Madambakkam?

In Madambakkam, guideline values range from Rs 1,100 to Rs 6,000 per sq.ft, with a median of Rs 2,400 per sq.ft. Kovilanjery Link Road's 2024 value is below this median.

What fees are applicable when registering property in Kovilanjery Link Road?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 13,00,000, the total fees would amount to Rs 1,17,000.

Where is the Sub Registrar Office for Kovilanjery Link Road 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, in the Chengalpattu registration zone.