Guideline Value

Corporate

Guideline Value for Kumarasamy Nagar

₹2400/sq.ft.

The guideline value for Kumarasamy Nagar 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

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Kumarasamy Nagar guideline value

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

How the guideline value of Kumarasamy Nagar has changed

The guideline value for Kumarasamy Nagar has seen revisions over the years. The most recent revision in 2024 set the value at Rs 2,400 per sq.ft, an increase from Rs 2,200 per sq.ft in the 2012 revision, marking a change of +9%. Notably, the register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

In summary, the 2012 revision was the last recorded figure before the current 2024 revision. The increase from 2012 to 2024 reflects the current valuation trends for this area.

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 2024 guideline value for Kumarasamy Nagar.

Stamp duty and registration fee for property in Kumarasamy Nagar

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, bringing the total to 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.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kumarasamy Nagar?

The Sub Registrar Office that covers Kumarasamy Nagar 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 critical factor when registering property transactions in Madambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the registration fees and stamp duties are calculated accurately based on this value.

Frequently asked questions

What is the current guideline value of Kumarasamy Nagar?

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

How has the guideline value changed over the years?

The guideline value changed from Rs 2,200 per sq.ft in 2012 to Rs 2,400 per sq.ft in 2024, representing an increase of +9%. There are no recorded figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the land classification of Kumarasamy Nagar?

Kumarasamy Nagar is classified as Commercial Class I Type - II, which indicates its zoning and intended use for commercial activities.

Where is the Sub Registrar Office for Kumarasamy Nagar 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.

How is stamp duty calculated for properties in Kumarasamy Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 24,00,000 would incur a stamp duty of Rs 1,68,000 at the rate of 7%.