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Guideline Value

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Guideline Value for Padmavathy Nagar 26th Main Road

₹3300/sq.ft.

The guideline value for Padmavathy Nagar 26th Main Road 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 ₹2010 /sq.ft.
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 26th Main Road

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Padmavathy Nagar 26th Main Road guideline value

The current guideline value of Padmavathy Nagar 26th Main Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This property is located in Madambakkam village under the Selaiyur SRO, classified as Residential Special Type - III.

How the guideline value of Padmavathy Nagar 26th Main Road has changed

Over the years, the guideline value of Padmavathy Nagar 26th Main Road has seen several revisions. The 2012 revision set the value at Rs 3,000 per sq.ft, which was then reduced to Rs 2,010 per sq.ft in the 2017 revision. Following that, the 2023 revision increased the value to Rs 3,000 per sq.ft, and the latest revision in 2024 has raised it to Rs 3,300 per sq.ft. The register has no figure for this street in 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but the value increased by 49% from 2017 to 2023. The overall change from 2012 to 2024 shows a modest increase of 10%.

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 for these streets is Rs 2,400 per sq.ft, placing Padmavathy Nagar 26th Main Road's 2024 figure above that median.

Stamp duty and registration fee for property in Padmavathy Nagar 26th Main Road

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. 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 more details.

Which Sub Registrar Office covers Padmavathy Nagar 26th Main Road?

The Sub Registrar Office that covers Padmavathy Nagar 26th 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 plays a crucial role in property transactions in Madambakkam. It is used to calculate the stamp duty and registration fees when a property is bought or sold, ensuring that the government receives the due revenue from property transactions.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used for calculating the applicable charges. This ensures that the registration process reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Padmavathy Nagar 26th Main Road?

The current guideline value of Padmavathy Nagar 26th Main Road 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 changed from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, marking a 10% increase. It was Rs 2,010 per sq.ft in 2017, showing a significant increase of 49% to the 2023 figure.

What is the land classification for Padmavathy Nagar 26th Main Road?

Padmavathy Nagar 26th Main Road is classified as Residential Special Type - III. This classification is important for determining the guideline value and applicable regulations.

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. This office handles registrations for properties in the area.

How is the stamp duty calculated for properties in Padmavathy Nagar 26th Main Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 at a rate of 7%.