Guideline Value

Corporate

Guideline Value for Neval Quarters Main Road

₹1300/sq.ft.

The guideline value for Neval Quarters Main Road in Madambakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 1300 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Madambakkam

Village

Selaiyur

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹1300 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹1200 /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 Neval Quarters Main Road

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Neval Quarters Main Road guideline value

The current guideline value of Neval Quarters Main Road is Rs 1,300 per sq.ft, effective from 1 July 2024. This road is located in Madambakkam village under the Selaiyur SRO, classified as Residential Class II Type - II.

How the guideline value of Neval Quarters Main Road has changed

In the 2012 revision, the guideline value was Rs 1,200 per sq.ft. The subsequent revision in 2024 saw an increase to Rs 1,300 per sq.ft, marking an 8% rise from the previous figure. The register has no figures for the years 2002, 2003, 2007, 2017, and 2023 for this street.

Thus, the only recorded revisions for Neval Quarters Main Road are from 2012 and 2024, with the latter reflecting a notable increase in the guideline value.

Guideline values in Madambakkam

In Madambakkam, there are 1151 streets under the Selaiyur SRO with 2024 guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value is Rs 2,400 per sq.ft, indicating that Neval Quarters Main Road's 2024 figure is below this median.

Stamp duty and registration fee for property in Neval Quarters Main Road

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Neval Quarters Main Road?

The Sub Registrar Office covering Neval Quarters 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 in the registration process of property transactions in Madambakkam. It serves as a reference point for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized assessment of property values.

When buying or selling property, the guideline value helps in determining the official value of the property for legal and financial purposes. It is important for buyers and sellers to be aware of the current guideline value to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Neval Quarters Main Road?

The current guideline value of Neval Quarters Main Road is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 1,200 per sq.ft in 2012 to Rs 1,300 per sq.ft in 2024, representing an 8% increase. The register has no figures for the years 2002, 2003, 2007, 2017, and 2023 for this street.

What is the median guideline value in Madambakkam?

The median guideline value in Madambakkam is Rs 2,400 per sq.ft. Neval Quarters Main Road's 2024 figure is below this median.

What are the stamp duty and registration fees for property in Neval Quarters Main Road?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000. Duty is charged on the higher of the guideline value and the sale price.

Where is the Sub Registrar Office for Neval Quarters Main Road located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073. This office covers the registration for Neval Quarters Main Road.