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Guideline Value

Corporate

Guideline Value for Rajambal Nagar 4th Street

₹2400/sq.ft.

The guideline value for Rajambal Nagar 4th 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 4th Street

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Rajambal Nagar 4th Street guideline value

The current guideline value of Rajambal Nagar 4th 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 it is classified as Commercial Class I Type - II.

How the guideline value of Rajambal Nagar 4th Street has changed

The guideline value for Rajambal Nagar 4th Street has seen several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 2,200 per sq.ft. This figure remained the same in the 2012 revision but decreased to Rs 1,474 per sq.ft in the 2017 revision, marking a decline of 33%. Following this, the value increased significantly to Rs 2,200 per sq.ft in the 2023 revision, and further rose to Rs 2,400 per sq.ft in the 2024 revision, reflecting a 9% increase from the previous year.

For the years 2002, 2003, and 2007, the register does not have any figures for Rajambal Nagar 4th Street. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Madambakkam

In Madambakkam, there are 1151 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 is Rs 2,400 per sq.ft, which is equal to the 2024 guideline value of Rajambal Nagar 4th Street.

Stamp duty and registration fee for property in Rajambal Nagar 4th 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 at 7% would amount to 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 the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Rajambal Nagar 4th Street?

The Sub Registrar Office that covers Rajambal Nagar 4th Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opposite to Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, 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 when buying or selling property in Madambakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid at the time of registration. Buyers and sellers should be aware that the guideline value is used to calculate these fees, which are necessary for the legal transfer of property ownership.

Furthermore, the guideline value helps ensure transparency in property transactions. It provides a standardized valuation that can be referred to by both parties involved in the transaction, thus aiding in the smooth execution of property deals.

Frequently asked questions

What is the current guideline value of Rajambal Nagar 4th Street?

The current guideline value of Rajambal Nagar 4th 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 changed from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, then back to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,400 per sq.ft in 2024.

What is the land classification for Rajambal Nagar 4th Street?

Rajambal Nagar 4th Street is classified as Commercial Class I Type - II.

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.

Where is the Sub Registrar Office for Rajambal Nagar 4th Street located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opposite to Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.