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Guideline Value

Corporate

Guideline Value for Rajambal Nagar 3rd Street

₹2400/sq.ft.

The guideline value for Rajambal Nagar 3rd Street in Madambakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 2400 per sq.ft, effective 1 July 2024. It was Rs 2200 per sq.ft from 1 April 2023, a 9% change. 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 ₹2200 /sq.ft.
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 Rajambal Nagar 3rd Street

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Rajambal Nagar 3rd Street guideline value

The current guideline value of Rajambal Nagar 3rd Street is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village, under the Selaiyur SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Rajambal Nagar 3rd Street has changed

The guideline value for Rajambal Nagar 3rd Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,400 per sq.ft, an increase from the 2023 revision of Rs 2,200 per sq.ft, reflecting a change of +9%. Prior to that, the 2017 revision recorded a value of Rs 1,474 per sq.ft, which means there was a significant increase of +49% from 2017 to 2023. The 2012 revision also had a value of Rs 2,200 per sq.ft, indicating a decrease of -33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by +9%.

The register does not have figures for the years 2002, 2003, and 2007 for this street. Therefore, the changes in guideline value are only noted from 2012 onwards.

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. The median value among these streets is Rs 2,400 per sq.ft, which is equal to the current guideline value of Rajambal Nagar 3rd Street.

Stamp duty and registration fee for property in Rajambal Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty, charged at 7%, would amount to 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 the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Rajambal Nagar 3rd Street?

The Sub Registrar Office that covers Rajambal Nagar 3rd 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.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Madambakkam. It serves as a benchmark for determining the minimum value of a property, ensuring that transactions are conducted fairly and transparently. When registering a property, the guideline value is used to calculate the stamp duty and registration fees that must be paid.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall costs involved in the property transaction. This value is regularly revised to reflect changes in the market and local conditions, making it important to stay updated.

Frequently asked questions

What is the current guideline value of Rajambal Nagar 3rd Street?

The current guideline value of Rajambal Nagar 3rd 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 has increased from Rs 1,474 per sq.ft in 2017 to Rs 2,400 per sq.ft in 2024, with several revisions in between, including a decrease from Rs 2,200 in 2012 to Rs 1,474 in 2017.

What is the land classification for Rajambal Nagar 3rd Street?

Rajambal Nagar 3rd Street is classified as Commercial Class I Type - II, indicating its suitability for commercial activities.

Where is the Sub Registrar Office 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.

How is stamp duty calculated for properties in Rajambal Nagar 3rd Street?

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 24,00,000, the stamp duty would be Rs 1,68,000 at a rate of 7%.