Guideline Value

Corporate

Guideline Value for Mayana Road

₹1100/sq.ft.

The guideline value for Mayana Road in Madambakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 1100 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Madambakkam

Village

Selaiyur

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /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 Mayana Road

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Mayana Road guideline value

The current guideline value of Mayana Road is Rs 1,100 per sq.ft, effective from 1 July 2024. This road is located in Madambakkam village, under the Selaiyur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Mayana Road has changed

The guideline value for Mayana Road has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,100 per sq.ft, which is a significant increase from Rs 670 per sq.ft in the 2017 revision. Between 2012 and 2017, the value decreased from Rs 1,000 per sq.ft to Rs 670 per sq.ft, marking a decline of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

It is important to note that there are no figures for Mayana Road in the revisions of 2023, 2007, 2003, and 2002. This lack of data highlights the changes in property valuation over the years, particularly the substantial rise from the 2017 revision to the current value.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median value among these streets is Rs 2,400 per sq.ft, indicating that Mayana Road's current guideline value is below this median.

Stamp duty and registration fee for property in Mayana Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty, charged at 7%, would amount to Rs 77,000, while the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. 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 detailed calculations.

Which Sub Registrar Office covers Mayana Road?

The Sub Registrar Office that covers Mayana 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 critical factor in the registration of property transactions in Madambakkam. It serves as a benchmark for determining the minimum value of a property, which is essential for calculating stamp duty and registration fees during the sale or purchase process.

When buying or selling property, it is vital to understand that the guideline value impacts the overall costs involved in the transaction. Buyers and sellers should be aware of the current guideline value to ensure they are compliant with the legal requirements during registration.

Frequently asked questions

What is the current guideline value of Mayana Road?

The current guideline value of Mayana Road is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, and now to Rs 1,100 per sq.ft in 2024. This represents a 10% overall increase from 2012 to 2024.

What is the land classification for Mayana Road?

Mayana Road is classified as Residential Class III Type - I, which indicates its suitability for residential development.

Where can I find the Selaiyur Sub Registrar Office?

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

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is 2% of the same value. For example, for a 1,000 sq.ft plot at Rs 1,100 per sq.ft, the total fees would be Rs 99,000.