Guideline Value

Corporate

Guideline Value for Kumarasamy Nagar 3rd Cross Road

₹2400/sq.ft.

The guideline value for Kumarasamy Nagar 3rd 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 ₹1474 /sq.ft.
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 3rd Cross Road

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Kumarasamy Nagar 3rd Cross Road guideline value

The current guideline value of Kumarasamy Nagar 3rd Cross 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 3rd Cross Road has changed

The guideline value for Kumarasamy Nagar 3rd Cross Road has seen several revisions over the years. In 2012, the guideline value was set at Rs 2,200 per sq.ft. This value decreased to Rs 1,474 per sq.ft in the 2017 revision, marking a significant drop of 33%. However, from 2017 to 2024, the value increased by 63%, bringing it to the current rate of Rs 2,400 per sq.ft.

There are no figures available for the revisions in 2002, 2003, 2007, and 2023 for this street. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 9%.

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 is Rs 2,400 per sq.ft, which is equal to the current guideline value of Kumarasamy Nagar 3rd Cross Road.

Stamp duty and registration fee for property in Kumarasamy Nagar 3rd 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 would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000. Together, the total cost for stamp duty and registration fee would be Rs 2,16,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kumarasamy Nagar 3rd Cross Road?

The Sub Registrar Office that covers Kumarasamy Nagar 3rd 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 an important factor when buying or selling property in Madambakkam. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. Buyers should be aware that the guideline value may influence the overall cost of the transaction.

When a property is registered, the guideline value is taken into account to ensure that the appropriate taxes are levied. This value serves as a benchmark for both buyers and sellers, ensuring transparency in property transactions.

Frequently asked questions

What is the current guideline value of Kumarasamy Nagar 3rd Cross Road?

The current guideline value of Kumarasamy Nagar 3rd 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 has changed from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, and then increased to Rs 2,400 per sq.ft in 2024.

What is the land classification for Kumarasamy Nagar 3rd Cross Road?

The land classification for Kumarasamy Nagar 3rd Cross Road is Commercial 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 the stamp duty calculated for properties in Kumarasamy Nagar 3rd Cross Road?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2% based on the same value.