Guideline Value

Corporate

Guideline Value for MADURAPAKKAM MAIN ROAD

₹2200/sq.ft.

The guideline value for Madurapakkam Main Road in Madurabakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Madurabakkam

Village

Selaiyur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /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 Madurapakkam Main Road

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Madurapakkam Main Road guideline value

The current guideline value of Madurapakkam Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This road is located in Madurabakkam village under the Selaiyur SRO, classified as Residential Class I Type - I.

How the guideline value of Madurapakkam Main Road has changed

The guideline value for Madurapakkam Main Road has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 2,000 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 1,340 per sq.ft. Following this, the 2023 revision increased the value to Rs 2,000 per sq.ft, and the most recent 2024 revision raised it to Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, the value saw a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Madurabakkam

In Madurabakkam, there are 23 streets under the Selaiyur SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 2,700 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, placing the Madurapakkam Main Road's 2024 figure above this median.

Stamp duty and registration fee for property in Madurapakkam Main Road

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Madurapakkam Main Road?

The Sub Registrar Office that covers Madurapakkam Main 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 Madurabakkam

The guideline value is a crucial factor in the registration process when buying or selling property in Madurabakkam. It determines the minimum value at which the property can be registered, ensuring that the transaction is documented accurately for legal purposes.

Buyers and sellers must consider the guideline value when negotiating sale prices, as the stamp duty and registration fees are calculated based on this value or the sale price, whichever is higher. This ensures that all transactions are compliant with local regulations.

Frequently asked questions

What is the current guideline value of Madurapakkam Main Road?

The current guideline value of Madurapakkam Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What are the other streets in Madurabakkam with their guideline values?

Other streets in Madurabakkam include K P Daffodils at Rs 2,700 per sq.ft, Kavya Nagar and Kaviya Nagar at Rs 1,600 per sq.ft, Kamatchi Nagr and Periya Street at Rs 1,300 per sq.ft, and Panchayat Road at Rs 1,100 per sq.ft.

What are the stamp duty and registration fees for properties in Madurapakkam Main Road?

The stamp duty is charged at 7%, and the registration fee is charged at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees can amount to Rs 1,98,000.

Where is the Sub Registrar Office for Madurapakkam Main Road located?

The Sub Registrar Office for Madurapakkam Main Road is located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.