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Guideline Value

Corporate

Guideline Value for Malleeswari Nagar 6th Main Road

₹2750/sq.ft.

The guideline value for Malleeswari Nagar 6th Main Road in Madambakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 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:

Chengalpattu

Zone

Madambakkam

Village

Selaiyur

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /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]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Malleeswari Nagar 6th Main Road

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Malleeswari Nagar 6th Main Road guideline value

The current guideline value of Malleeswari Nagar 6th Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024. This road is located in Madambakkam village, under the Selaiyur SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Malleeswari Nagar 6th Main Road has changed

The guideline value for Malleeswari Nagar 6th Main Road has undergone several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 1,675 per sq.ft. The value remained unchanged at Rs 2,500 per sq.ft in 2012 and did not have figures for the revisions in 2002, 2003, and 2007.

In 2017, the guideline value increased to Rs 1,675 per sq.ft, which was a significant increase of 49% from the previous revision. The 2023 revision raised the value to Rs 2,500 per sq.ft, and the most recent 2024 revision further increased it to Rs 2,750 per sq.ft, marking a 10% rise from the previous year.

Guideline values in Madambakkam

In Madambakkam, there are 1151 streets under the Selaiyur SRO carrying 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 Malleeswari Nagar 6th Main Road is above this median.

Stamp duty and registration fee for property in Malleeswari Nagar 6th Main Road

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Malleeswari Nagar 6th Main Road?

The Sub Registrar Office that covers Malleeswari Nagar 6th 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 is a crucial factor when buying or selling property in Madambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

During the registration process, the guideline value is compared with the sale price of the property. The higher of the two values will be used to calculate the applicable stamp duty and registration fees, ensuring that all transactions are fairly assessed.

Frequently asked questions

What is the current guideline value of Malleeswari Nagar 6th Main Road?

The current guideline value of Malleeswari Nagar 6th Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 2,750 per sq.ft in 2024, with significant changes occurring in 2017 and 2023 revisions.

Where can I find the registration office for Malleeswari Nagar 6th Main Road?

The registration office for Malleeswari Nagar 6th Main Road is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

What is the land classification of Malleeswari Nagar 6th Main Road?

Malleeswari Nagar 6th Main Road is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.