Guideline Value

Corporate

Guideline Value for Kumarasamy Nagar 3rd Main Road

₹2400/sq.ft.

The guideline value for Kumarasamy Nagar 3rd 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 3rd 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 3rd Main Road guideline value

The current guideline value of Kumarasamy Nagar 3rd Main Road is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village, under the Selaiyur SRO, with a land classification of Commercial Class I Type - II.

How the guideline value of Kumarasamy Nagar 3rd Main Road has changed

The guideline value for Kumarasamy Nagar 3rd Main Road has seen several revisions over the years. The 2012 revision set the value at Rs 2,200 per sq.ft, which increased to Rs 2,400 per sq.ft in the 2024 revision, reflecting a change of +9%. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

From the 2012 revision to the 2024 revision, the increase in guideline value demonstrates a notable adjustment. The 2024 figure aligns with the median value of Rs 2,400 per sq.ft for other streets in Madambakkam under the Selaiyur SRO.

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

Stamp duty and registration fee for property in Kumarasamy Nagar 3rd 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 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, bringing the total fees together to 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 further calculations.

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

The Kumarasamy Nagar 3rd Main Road falls under 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 details.

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, as it determines the minimum value at which a property can be registered. When buying or selling property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with the regulations set by the Registration Department. This helps in avoiding any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of Kumarasamy Nagar 3rd 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 has changed from Rs 2,200 per sq.ft in 2012 to Rs 2,400 per sq.ft in 2024, reflecting a +9% increase. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What are the stamp duty and registration fees for properties here?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is 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.

Which office handles registrations for this area?

The Selaiyur Sub Registrar Office handles registrations for Kumarasamy Nagar 3rd Main Road. The office is located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What is the significance of the guideline value?

The guideline value is significant as it determines the minimum registration value for properties in Madambakkam. It is used to calculate stamp duty and registration fees during property transactions.