Guideline Value

Corporate

Guideline Value for Kumarasamy Nagar 2nd Main Road

₹2400/sq.ft.

The guideline value for Kumarasamy Nagar 2nd Main 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 Main Road

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Kumarasamy Nagar 2nd Main Road guideline value

The current guideline value of Kumarasamy Nagar 2nd Main Road is Rs 2,400 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 Commercial Class I Type - II.

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

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

There are no recorded figures for the years 2023, 2017, 2007, 2003, and 2002 for this specific street. Therefore, the only available figures are from the 2012 and 2024 revisions.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO, with guideline values 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 matches the current guideline value for Kumarasamy Nagar 2nd Main Road.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty, charged at 7%, would amount to Rs 1,68,000, and the registration fee, charged at 2%, would be Rs 48,000. Therefore, the total cost for stamp duty and registration fees would be Rs 2,16,000. Duty is charged on the guideline value or the sale price, whichever is higher.

You can also use our stamp duty and registration fee calculator for more details.

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

The Kumarasamy Nagar 2nd Main Road 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, in the Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which properties can be registered. When buying or selling property in Madambakkam, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

It is important to note that the stamp duty is charged on the higher of the guideline value and the sale price, ensuring that the government receives the appropriate revenue from property transactions. Buyers and sellers should be aware of the current guideline value to avoid any unexpected costs during the registration process.

Frequently asked questions

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

The current guideline value of Kumarasamy Nagar 2nd Main 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 change of +9%. There are no recorded figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the land classification for Kumarasamy Nagar 2nd Main Road?

The land classification for Kumarasamy Nagar 2nd Main Road is Commercial Class I Type - II, indicating its suitability for commercial activities.

What are the stamp duty and registration fees for properties in this area?

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. Duty is charged on the higher of the guideline value and the sale price.

Where can I find the Sub Registrar Office for this area?

The Selaiyur Sub Registrar Office covers Kumarasamy Nagar 2nd Main Road, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073. You can find more information by visiting the appropriate link.