Guideline Value

Corporate

Guideline Value for Kumarasamy Nagar 1st Cross Road

₹2400/sq.ft.

The guideline value for Kumarasamy Nagar 1st Cross Road in Madambakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 2400 per sq.ft, effective 1 July 2024. The land classification is Commercial Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Madambakkam

Village

Selaiyur

SRO

Commercial Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹2400 /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 ₹2200 /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 Kumarasamy Nagar 1st Cross Road

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Kumarasamy Nagar 1st Cross Road guideline value

The current guideline value of Kumarasamy Nagar 1st Cross Road is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village and falls under the Selaiyur SRO. The land classification for this area is Commercial Class I Type - II.

How the guideline value of Kumarasamy Nagar 1st Cross Road has changed

The guideline value for Kumarasamy Nagar 1st Cross Road has seen several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was Rs 2,200 per sq.ft. Following this, the most recent revision in 2024 increased the guideline value to Rs 2,400 per sq.ft, marking a change of +9% from the 2012 figure.

There are no recorded figures for the years 2002, 2003, 2007, 2017, and 2023 in the register for this street. Thus, the only relevant revisions are from 2012 and 2024.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, which is equal to the current guideline value of Kumarasamy Nagar 1st Cross Road.

Stamp duty and registration fee for property in Kumarasamy Nagar 1st Cross Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, making the total fees together Rs 2,16,000. 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 Kumarasamy Nagar 1st Cross Road?

The Sub Registrar Office that covers Kumarasamy Nagar 1st Cross Road is the Selaiyur Sub Registrar Office. The address is 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 details.

How the guideline value is used when you buy or sell in Madambakkam

The guideline value plays a crucial role when buying or selling property in Madambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. This ensures that the transaction is documented at a price that reflects the official valuation set by the authorities.

When registering a property, buyers must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This process helps maintain transparency in property transactions and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Kumarasamy Nagar 1st Cross Road?

The current guideline value of Kumarasamy Nagar 1st Cross Road is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 2,200 per sq.ft in 2012 to Rs 2,400 per sq.ft in 2024, which is a change of +9%. There are no figures for the years 2003, 2007, 2017, and 2023.

What is the land classification for this area?

The land classification for Kumarasamy Nagar 1st Cross Road is Commercial Class I Type - II. This classification indicates the type of development allowed in the area.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 24,00,000, the stamp duty would be Rs 1,68,000 and the registration fee would be Rs 48,000, totaling Rs 2,16,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the 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. This office handles the registration of properties in the area.