Guideline Value

Corporate

Guideline Value for Prasanthi Colony 1st Main Road

₹2400/sq.ft.

The guideline value for Prasanthi Colony 1st Main Road in Madambakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 2400 per sq.ft, effective 1 July 2024. The land classification is Commercial Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Madambakkam

Village

Selaiyur

SRO

Commercial Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹2400 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1474 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2200 /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 Prasanthi Colony 1st Main Road

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Prasanthi Colony 1st Main Road guideline value

The current guideline value of Prasanthi Colony 1st Main Road is Rs 2,400 per sq.ft, effective from 1 July 2024. This road is located in Madambakkam village, under the Selaiyur Sub Registrar Office (SRO). The land classification for this area is Commercial Class I Type - II.

How the guideline value of Prasanthi Colony 1st Main Road has changed

Looking at the revisions, the guideline value for Prasanthi Colony 1st Main Road has undergone several changes over the years. The 2012 revision set the value at Rs 2,200 per sq.ft, which then decreased to Rs 1,474 per sq.ft in the 2017 revision, marking a decline of 33%. However, the most recent revision in 2024 has seen a significant increase to Rs 2,400 per sq.ft, reflecting a rise of 63% from the 2017 figure.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 9%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2023 for this street in the register.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO that carry a guideline value for 2024, ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value in this area is Rs 2,400 per sq.ft, which is equal to the current value of Prasanthi Colony 1st Main Road.

Stamp duty and registration fee for property in Prasanthi Colony 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty, charged at 7%, would be Rs 1,68,000, while the registration fee at 2% would be Rs 48,000. Together, the total cost for these fees would be Rs 2,16,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Prasanthi Colony 1st Main Road?

The Sub Registrar Office that covers Prasanthi Colony 1st 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 when buying or selling property in Madambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the government records.

When registering a property, the guideline value helps in calculating the stamp duty and registration fees that must be paid. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Prasanthi Colony 1st Main Road?

The current guideline value of Prasanthi Colony 1st Main Road is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, which was a decrease of 33%. It then increased to Rs 2,400 per sq.ft in 2024, marking a rise of 63% from the 2017 figure.

What is the land classification for Prasanthi Colony 1st Main Road?

The land classification for Prasanthi Colony 1st Main Road is Commercial Class I Type - II.

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

For a property valued at Rs 24,00,000, the stamp duty would be Rs 1,68,000, and the registration fee would be Rs 48,000, totaling Rs 2,16,000.

Where can I find the Sub Registrar Office for Prasanthi Colony 1st Main Road?

The Sub Registrar Office covering Prasanthi Colony 1st Main Road is located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.