Guideline Value for Malladi Garden Main Road
₹1600/sq.ft.
The guideline value for Malladi Garden Main Road in Madambakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 1600 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 7% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Madambakkam
Village
Selaiyur
SRO
Residential Class II Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹1600 /sq.ft. |
| From 1-4-2023 | ₹1500 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹1005 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹1500 /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]
Records for a plot on Malladi Garden Main Road
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Selaiyur sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Malladi Garden Main Road guideline value
The current guideline value of Malladi Garden Main Road is Rs 1,600 per sq.ft, effective from 1 July 2024. This road is located in Madambakkam village and falls under the Selaiyur SRO. The land classification for this area is Residential Class II Type - I.
How the guideline value of Malladi Garden Main Road has changed
The guideline value for Malladi Garden Main Road has undergone several revisions over the years. In 2012, the value was set at Rs 1,500 per sq.ft. This figure saw a decrease to Rs 1,005 per sq.ft in 2017. However, from 2017 to 2023, the value increased significantly to Rs 1,500 per sq.ft, and then further rose to Rs 1,600 per sq.ft in the 2024 revision. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.
Between these revisions, the changes observed include a -33% decrease from 2012 to 2017, a +49% increase from 2017 to 2023, and a +7% increase from 2023 to 2024. Overall, from 2012 to 2024, there has been a +7% change in the guideline value.
Guideline values in Madambakkam
In Madambakkam, there are 1151 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft, with a median value of Rs 2,400 per sq.ft. The guideline value for Malladi Garden Main Road is below this median.
- Malladi Garden 1st Street: Rs 1,600 per sq.ft (2024)
- Malladi Garden Street: Rs 1,600 per sq.ft (2024)
- Malleeswari Nagar: Rs 2,750 per sq.ft (2024)
- Malleeswari Nagar 1st Cross Street: Rs 2,750 per sq.ft (2024)
- Malleeswari Nagar 1st Main Road: Rs 2,750 per sq.ft (2024)
- Malleeswari Nagar 1st Street: Rs 2,750 per sq.ft (2024)
Stamp duty and registration fee for property in Malladi Garden Main Road
For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty is charged at 7%, which totals Rs 1,12,000, and the registration fee is 2%, amounting to Rs 32,000. Together, the total fees would be Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.
Which Sub Registrar Office covers Malladi Garden Main Road?
The Sub Registrar Office that covers Malladi Garden 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 Madambakkam
The guideline value plays a crucial role in the registration process when buying or selling property in Madambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted transparently and fairly.
When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of ownership. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations during the transaction process.
Frequently asked questions
What is the current guideline value of Malladi Garden Main Road?
The current guideline value of Malladi Garden Main Road is Rs 1,600 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,600 per sq.ft in 2024.
What is the stamp duty rate for properties in Madambakkam?
The stamp duty rate for properties in Madambakkam is 7% of the guideline value or the sale price, whichever is higher.
Where can I find the Sub Registrar Office for Malladi Garden Main Road?
The Sub Registrar Office for Malladi Garden Main Road is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.
What is the land classification for Malladi Garden Main Road?
The land classification for Malladi Garden Main Road is Residential Class II Type - I.
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