Guideline Value

Corporate

Guideline Value for Prasanthi Colony 1st Street

₹2400/sq.ft.

The guideline value for Prasanthi Colony 1st Street 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 N/A
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 Street

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Prasanthi Colony 1st Street guideline value

The current guideline value of Prasanthi Colony 1st Street is Rs 2,400 per sq.ft. This street is located in Madambakkam village and falls under the Selaiyur SRO. The land classification for this area is Commercial Class I Type - II.

How the guideline value of Prasanthi Colony 1st Street has changed

The guideline value for Prasanthi Colony 1st Street has seen changes over the years. The 2012 revision set the value at Rs 2,200 per sq.ft, while the 2024 revision increased it to Rs 2,400 per sq.ft, marking a change of +9%. The register has no figures for the years 2002, 2003, 2007, 2017, and 2023 for this street.

From 2012 to 2024, the guideline value rose significantly, reflecting adjustments in the property market. The 2024 figure of Rs 2,400 per sq.ft aligns with the median value of Rs 2,400 per sq.ft for the 1,151 streets in Madambakkam under the Selaiyur SRO.

Guideline values in Madambakkam

In Madambakkam, the guideline values range from Rs 1,100 to Rs 6,000 per sq.ft, with a median value of Rs 2,400 per sq.ft. Prasanthi Colony 1st Street's 2024 figure matches this median, indicating its position within the local property market.

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

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 at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total fees to Rs 2,16,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Prasanthi Colony 1st Street?

The Sub Registrar Office that covers Prasanthi Colony 1st Street 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 during the registration of property transactions in Madambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property sale, ensuring that the fees are calculated based on a standardized value.

When buying or selling property, it is essential to be aware of the guideline value, as it can influence the total cost involved in the transaction. Buyers and sellers should always check the latest guideline values to avoid any discrepancies during the registration process.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value increased from Rs 2,200 per sq.ft in 2012 to Rs 2,400 per sq.ft in 2024, which is a change of +9%. There are no figures available for the years 2003, 2007, 2017, and 2023.

What is the land classification for Prasanthi Colony 1st Street?

The land classification for Prasanthi Colony 1st Street is Commercial Class I Type - II, indicating its use for commercial purposes.

What are the stamp duty and registration fees for properties 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. These fees are calculated based on the higher of the guideline value or the sale price.

Which office handles property registrations for Prasanthi Colony 1st Street?

The Selaiyur Sub Registrar Office handles property registrations for Prasanthi Colony 1st Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.