Guideline Value

Corporate

Guideline Value for MAMBAKKAM MAIN ROAD

₹4400/sq.ft.

The guideline value for Mambakkam Main Road in Medavakkam village (Chennai South Joint I SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Medavakkam

Village

Chennai South Joint I

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹900 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹277 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]

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Mambakkam Main Road guideline value

The current guideline value of Mambakkam Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This road is located in Medavakkam village and falls under the Chennai South Joint I SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Mambakkam Main Road has changed

The guideline value for Mambakkam Main Road has seen significant changes over the years. In 2003, the value was Rs 277 per sq.ft, which increased to Rs 900 per sq.ft in 2007, marking a rise of 225%. By 2012, the value had increased further to Rs 4,000 per sq.ft, a substantial jump of 344%. However, it then decreased to Rs 2,680 per sq.ft in 2017, reflecting a drop of 33%. The value rose again to Rs 4,000 per sq.ft in 2023, and currently stands at Rs 4,400 per sq.ft as of the 2024 revision, showing an increase of 10% from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 1488%. The register has no figure for the year 2002 for this street.

Guideline values in Medavakkam

In Medavakkam, there are 379 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,540 to Rs 7,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, making the Mambakkam Main Road's 2024 figure above that median.

Stamp duty and registration fee for property in Mambakkam Main Road

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value would be Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to note that 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 Mambakkam Main Road?

The Sub Registrar Office that covers Mambakkam Main Road is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Medavakkam. It is used to determine the stamp duty and registration fees during the buying or selling process. Buyers must be aware that the guideline value can influence the overall cost of property transactions significantly.

When registering a property, the guideline value helps ensure that the transaction reflects the market conditions. It serves as a benchmark for assessing the value of properties in the area, ensuring transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Mambakkam Main Road?

The current guideline value of Mambakkam Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 277 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 1488%.

What is the registration office for Mambakkam Main Road?

The registration office for Mambakkam Main Road is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is stamp duty calculated for properties in Mambakkam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 44,00,000 would incur a stamp duty of Rs 3,08,000 at a rate of 7%.

What are the guideline values of other streets in Medavakkam?

Other streets in Medavakkam have varying guideline values. For instance, Malligai Street (Senthamizh Nagar) is Rs 2,750 per sq.ft, while Malles Ahaana is Rs 5,090 per sq.ft as of 2024.