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Guideline Value

Corporate

Guideline Value for Malleeswari Nagar 7th Main Road

₹2750/sq.ft.

The guideline value for Malleeswari Nagar 7th 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 N/A
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 7th Main Road

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Malleeswari Nagar 7th Main Road guideline value

The current guideline value of Malleeswari Nagar 7th Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024. This street 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 7th Main Road has changed

Looking at the revisions, the guideline value for Malleeswari Nagar 7th Main Road has seen changes primarily in the last two revisions. The 2012 revision set the value at Rs 2,500 per sq.ft, which remained unchanged until the 2023 revision, where it stayed at Rs 2,500 per sq.ft. However, in the 2024 revision, the value increased to Rs 2,750 per sq.ft, marking a 10% rise from the previous year.

Overall, comparing the 2012 revision to the 2024 revision, there has been an increase of 10%. It is important to note that for the years 2002, 2003, 2007, and 2017, the register has no figure for this street.

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, with a median value of Rs 2,400 per sq.ft. The guideline value of Malleeswari Nagar 7th Main Road is above this median.

Stamp duty and registration fee for property in Malleeswari Nagar 7th Main Road

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

For more information on fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Malleeswari Nagar 7th Main Road?

The Malleeswari Nagar 7th Main Road falls under the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Madambakkam. It serves as a benchmark for determining the minimum value at which properties can be registered. When a property is sold, the registration office uses the guideline value to calculate the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the guideline value, as it impacts the overall cost of the transaction. Accurate knowledge of the guideline value can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Malleeswari Nagar 7th Main Road?

The current guideline value of Malleeswari Nagar 7th 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 remained at Rs 2,500 per sq.ft from 2012 until 2023, after which it increased to Rs 2,750 per sq.ft in 2024. There were no figures available for the years 2002, 2003, 2007, and 2017.

What is the land classification of Malleeswari Nagar 7th Main Road?

Malleeswari Nagar 7th Main Road is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

What is the stamp duty for property in Malleeswari Nagar 7th Main Road?

The stamp duty for property transactions in Malleeswari Nagar 7th Main Road is calculated at 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Malleeswari Nagar 7th Main Road located?

The Sub Registrar Office covering Malleeswari Nagar 7th Main Road is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.