Guideline Value

Corporate

Guideline Value for Madippakkan Main Road

₹5500/sq.ft.

The guideline value for Madippakkan Main Road in Adambakkam village (Alandur SRO, Chennai zone) is Rs 5500 per sq.ft, effective 1 July 2024. It was Rs 5000 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

Adambakkam

Village

Alandur

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹5500 /sq.ft.
From 1-4-2023 ₹5000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3350 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1800 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1000 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹330 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061
044-22240222
[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]
Records for a plot on Madippakkan Main Road

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Madippakkan Main Road guideline value

The current guideline value of Madippakkan Main Road is Rs 5,500 per sq.ft, effective from 1 July 2024. This road is located in Adambakkam village under the Alandur SRO, and it falls under the Commercial Class I Type - I land classification.

How the guideline value of Madippakkan Main Road has changed

The guideline value for Madippakkan Main Road has seen several revisions over the years. In 2002, the guideline value was Rs 330 per sq.ft. This value increased significantly to Rs 1,000 per sq.ft in 2003, marking a change of +203%. The following revisions showed continued increases, with the value reaching Rs 1,800 per sq.ft in 2007 (+80%), then Rs 5,000 per sq.ft in 2012 (+178%). However, there was a decrease to Rs 3,350 per sq.ft in 2017 (-33%). The most recent revisions show an increase to Rs 5,000 per sq.ft in 2023 (+49%) and then to Rs 5,500 per sq.ft in 2024 (+10%). There are no figures available for the years not mentioned in the register for this street.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 11,000 per sq.ft, with a median value of Rs 3,900 per sq.ft. The guideline value for Madippakkan Main Road is above this median.

Stamp duty and registration fee for property in Madippakkan Main Road

For a 1,000 sq.ft plot at the current rate of Rs 5,500 per sq.ft, the guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, totaling Rs 4,95,000. 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 Madippakkan Main Road?

The Sub Registrar Office that covers Madippakkan Main Road is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Adambakkam. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers should be aware that the guideline value may differ from the sale price, and the higher of the two will be taken into account for calculating duties.

When purchasing property, it is essential to check the current guideline value to ensure compliance with registration requirements. This value helps in understanding the financial obligations involved in the transaction, including the applicable fees based on the guideline value.

Frequently asked questions

What is the current guideline value of Madippakkan Main Road?

The current guideline value of Madippakkan Main Road is Rs 5,500 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 330 per sq.ft in 2002 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of +1567% over the years.

What is the registration fee for property in Madippakkan Main Road?

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 55,00,000, the registration fee would be Rs 1,10,000.

Where can I find the Sub Registrar Office for Madippakkan Main Road?

The Sub Registrar Office for Madippakkan Main Road is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions is 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000.