Guideline Value

Corporate

Guideline Value for Kumarasamy Nagar 2nd Cross Road

₹2400/sq.ft.

The guideline value for Kumarasamy Nagar 2nd 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 2nd Cross Road

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Kumarasamy Nagar 2nd Cross Road guideline value

The current guideline value of Kumarasamy Nagar 2nd Cross Road is Rs 2,400 per sq.ft, effective from 1 July 2024. This road is located in Madambakkam village under the Selaiyur SRO and is classified as Commercial Class I Type - II.

How the guideline value of Kumarasamy Nagar 2nd Cross Road has changed

The guideline value for Kumarasamy Nagar 2nd Cross Road has seen a change from Rs 2,200 per sq.ft in the 2012 revision to Rs 2,400 per sq.ft in the 2024 revision, reflecting an increase of 9%. The register does not provide figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

Prior to the 2012 revision, there were no figures available for the revisions in 2002, 2003, 2007, and 2017. The only recorded figures are from the 2012 and 2024 revisions, with the latter marking the current guideline value.

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, with the median being Rs 2,400 per sq.ft. The guideline value for Kumarasamy Nagar 2nd Cross Road aligns with this median.

Stamp duty and registration fee for property in Kumarasamy Nagar 2nd Cross Road

For a 1,000 sq.ft plot at the current rate of Rs 2,400 per sq.ft, the 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, totaling 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kumarasamy Nagar 2nd Cross Road?

The Sub Registrar Office that covers Kumarasamy Nagar 2nd Cross 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 the registration process of property transactions 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 duty and registration fees.

When buying or selling a property, the guideline value helps both parties understand the legal valuation of the property, which can influence negotiations and final sale prices. It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Kumarasamy Nagar 2nd Cross Road?

The current guideline value of Kumarasamy Nagar 2nd 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, marking a 9% increase. There are no figures available for the revisions in 2023, 2017, 2007, 2003, and 2002 for this street.

What is the land classification of Kumarasamy Nagar 2nd Cross Road?

Kumarasamy Nagar 2nd Cross Road is classified as Commercial Class I Type - II. This classification can impact the types of activities and developments permitted on the property.

Where can I calculate stamp duty and registration fees?

You can calculate stamp duty and registration fees using the stamp duty and registration fee calculator available online.

Which office handles property registration for Kumarasamy Nagar 2nd Cross Road?

The Selaiyur Sub Registrar Office handles property registration for Kumarasamy Nagar 2nd Cross Road, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.