Guideline Value

Corporate

Guideline Value for Rajambal Nagar Ext

₹2400/sq.ft.

The guideline value for Rajambal Nagar Ext 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 Rajambal Nagar Ext

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Rajambal Nagar Ext guideline value

The current guideline value of Rajambal Nagar Ext is Rs 2,400 per sq.ft, effective from 1 July 2024. This area 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 Ext has changed

The guideline value for Rajambal Nagar Ext has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 2,400 per sq.ft, while the previous revision in 2017 recorded a value of Rs 1,474 per sq.ft. This represents a significant increase of 63% from 2017 to 2024. In contrast, the 2012 revision had a higher value of Rs 2,200 per sq.ft, indicating a decrease of 33% to the 2017 figure. Overall, from 2012 to 2024, the guideline value has seen a slight increase of 9%.

The register does not provide figures for the revisions in 2023, 2007, 2003, and 2002 for this street.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO, with guideline values 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, which is equal to the current guideline value for Rajambal Nagar Ext.

Stamp duty and registration fee for property in Rajambal Nagar Ext

For a 1,000 sq.ft plot at the current rate of Rs 2,400 per sq.ft, the 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, totaling Rs 2,16,000. Duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Rajambal Nagar Ext?

The Sub Registrar Office covering Rajambal Nagar Ext is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, within 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 property transactions in Madambakkam. It is used to determine the stamp duty and registration fees applicable during the registration of property. Buyers and sellers need to be aware of the guideline value as it affects the overall cost of the transaction.

When buying or selling property, the guideline value serves as a benchmark for the minimum price at which the property can be registered. This ensures that the government receives the appropriate taxes based on the property's value, which is essential for maintaining transparency in real estate transactions.

Frequently asked questions

What is the current guideline value for Rajambal Nagar Ext?

The current guideline value for Rajambal Nagar Ext 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, and then increased to Rs 2,400 per sq.ft in 2024. This represents a 63% increase from 2017 to 2024.

What are the other streets with the same guideline value?

Other streets in Madambakkam that share the same guideline value of Rs 2,400 per sq.ft include Rajambal Nagar 4th Street, Rajambal Nagar Main 1st Road, Rajambal Nagar 3rd Street, Rajambal Nagar Main 2nd Road, Rajambal Nagar 2nd Street, and Rajambal Nagar Main Road.

What is the registration fee for property in Rajambal Nagar Ext?

The registration fee for property in Rajambal Nagar Ext is calculated based on the guideline value. For example, for a property valued at Rs 24,00,000, the registration fee would be Rs 48,000 at a rate of 2%.

Where can I find the Sub Registrar Office for Rajambal Nagar Ext?

The Selaiyur Sub Registrar Office covers Rajambal Nagar Ext, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.