Guideline Value for Madambakkam Camp Road,

Madambakkam Camp Road, guideline value

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

How the guideline value of Madambakkam Camp Road, has changed

Over the years, the guideline value of Madambakkam Camp Road has undergone several revisions. The earliest available figure is from 2007, where the guideline value was Rs 450 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in 2012, marking a rise of 344%. However, it saw a decrease to Rs 1,340 per sq.ft in 2017, a drop of 33%. The value then increased to Rs 2,000 per sq.ft in 2023, followed by another rise to the current rate of Rs 2,200 per sq.ft in 2024, reflecting a 10% increase.

In summary, from 2007 to 2024, the overall increase in the guideline value is 389%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 6,500 per sq.ft. The median value among these streets is Rs 2,200 per sq.ft, which aligns with the current guideline value of Madambakkam Camp Road.

• Madha Koil Street: Rs 1,600 per sq.ft (2024)
• Madras Christian College: Rs 850 per sq.ft (2024)
• Madura Kavi Street: Rs 2,400 per sq.ft (2024)
• LIC Colony: Rs 2,200 per sq.ft (2024)
• Mahadevan Nagar: Rs 850 per sq.ft (2024)
• Leelavathy Nagar: Rs 2,900 per sq.ft (2024)

Stamp duty and registration fee for property in Madambakkam Camp Road,

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total 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 cost 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Madambakkam Camp Road,?

The Sub Registrar Office that covers Madambakkam Camp 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 Selaiyur

The guideline value plays a crucial role in property transactions in Selaiyur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees payable at the time of registration. This ensures that the government receives appropriate revenue from property transactions.

Additionally, the guideline value serves as a reference point for buyers and sellers to understand the fair valuation of properties in the area. It helps in maintaining transparency in property dealings, ensuring that all parties are aware of the official values set by the government.

Frequently asked questions

What is the current guideline value of Madambakkam Camp Road?

The current guideline value of Madambakkam Camp 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 seen several changes, from Rs 450 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 389% over the years.

What is the role of the Selaiyur SRO?

The Selaiyur SRO is responsible for maintaining the guideline value register and overseeing property registrations in Selaiyur village, ensuring compliance with government regulations.

What are the stamp duty and registration fees for properties on this road?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Are there other streets with different guideline values in Selaiyur?

Yes, there are other streets in Selaiyur with varying guideline values, ranging from Rs 850 to Rs 6,500 per sq.ft, with Madambakkam Camp Road's value aligning with the median of Rs 2,200 per sq.ft.