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Guideline Value

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Guideline Value for Padmavathy Nagar 1st Cross Street (Near Maruthi)

₹3300/sq.ft.

The guideline value for Padmavathy Nagar 1st Cross Street (near Maruthi) in Madambakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Madambakkam

Village

Selaiyur

SRO

Residential Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹3000 /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 Padmavathy Nagar 1st Cross Street (near Maruthi)

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Padmavathy Nagar 1st Cross Street (Near Maruthi) guideline value

The current guideline value of Padmavathy Nagar 1st Cross Street (Near Maruthi) is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village, under the Selaiyur SRO, and is classified as Residential Special Type - III.

How the guideline value of Padmavathy Nagar 1st Cross Street (Near Maruthi) has changed

Looking at the revisions, the guideline value for this street has remained stable at Rs 3,000 per sq.ft from 2012 until 2023. In 2023, it was revised to Rs 3,300 per sq.ft, marking a 10% increase. The overall change from the 2012 revision to the 2024 revision is also a 10% increase.

There are no figures available for the years 2002, 2003, 2007, and 2017 in the register for this street. The 2024 revision reflects the most recent update in the guideline value.

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 Padmavathy Nagar 1st Cross Street (Near Maruthi) is above this median.

Stamp duty and registration fee for property in Padmavathy Nagar 1st Cross Street (Near Maruthi)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Padmavathy Nagar 1st Cross Street (Near Maruthi)?

The Sub Registrar Office that covers Padmavathy Nagar 1st Cross Street (Near Maruthi) 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 details.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Madambakkam, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

It is essential to ensure that the sale price of the property is at least equal to the guideline value, as the registration authorities will assess fees based on the higher of the two. This process helps maintain transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Padmavathy Nagar 1st Cross Street?

The current guideline value of Padmavathy Nagar 1st Cross Street (Near Maruthi) is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained stable at Rs 3,000 per sq.ft from 2012 to 2023, before increasing to Rs 3,300 per sq.ft in 2024. Overall, there has been a 10% increase from the 2012 revision to the 2024 revision.

What is the median guideline value in Madambakkam?

The median guideline value in Madambakkam is Rs 2,400 per sq.ft. The guideline value of Padmavathy Nagar 1st Cross Street is above this median.

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

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office do I need to visit for registration?

The Selaiyur Sub Registrar Office covers Padmavathy Nagar 1st Cross Street. It is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.