Guideline Value for Madambakkam Sudalai Salai

Madambakkam Sudalai Salai guideline value

The current guideline value of Madambakkam Sudalai Salai is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village under the Selaiyur SRO, classified as Residential Special Type - I.

How the guideline value of Madambakkam Sudalai Salai has changed

The guideline value for Madambakkam Sudalai Salai has seen revisions over the years. The earliest recorded revision was in 2002, but the register has no figure for this street in 2002, 2003, 2007, 2017, or 2023. The 2012 revision set the guideline value at Rs 2,000 per sq.ft.

With the latest revision in 2024, the guideline value increased to Rs 2,200 per sq.ft, marking a 10% rise from the 2012 figure. This increase reflects the adjustments made to the property values in the 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 guideline value in this village is Rs 2,400 per sq.ft, placing the Madambakkam Sudalai Salai guideline value below this median.

• Madambakkam-Nuthancheri Main Road: Rs 2,200 per sq.ft (2024)
• Madambakkam Main Road: Rs 2,750 per sq.ft (2024)
• Mada Veethi Street: Rs 1,700 per sq.ft (2024)
• Mada Vilaga Street: Rs 1,100 per sq.ft (2024)
• Madha Street: Rs 1,100 per sq.ft (2024)
• Madhura Nuthanchery: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Madambakkam Sudalai Salai

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to 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 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 detailed calculations.

Which Sub Registrar Office covers Madambakkam Sudalai Salai?

The Sub Registrar Office that covers Madambakkam Sudalai Salai 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 further assistance.

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

The guideline value is a key factor in the registration process when buying or selling property. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction.

When registering a property, the guideline value is compared to the sale price, and the higher amount is used to calculate the necessary fees. This ensures that the registration reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Madambakkam Sudalai Salai?

The current guideline value of Madambakkam Sudalai Salai is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 2,000 per sq.ft in 2012 to Rs 2,200 per sq.ft in 2024, reflecting a 10% increase. There are no recorded figures for the years 2002, 2003, 2007, 2017, and 2023.

What are the guideline values of other streets in Madambakkam?

Other streets in Madambakkam have varying guideline values, with rates ranging from Rs 1,100 to Rs 2,750 per sq.ft as of 2024. The median value in the village is Rs 2,400 per sq.ft.

What fees are associated with property registration in Madambakkam Sudalai Salai?

When registering property in Madambakkam Sudalai Salai, buyers are responsible for paying stamp duty at 7% and a registration fee at 2% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Madambakkam Sudalai Salai?

The Sub Registrar Office for Madambakkam Sudalai Salai is located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073. This office is part of the Chengalpattu registration zone.