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Guideline Value

Corporate

Guideline Value for Rajambal Nagar Main 1st Road

₹2400/sq.ft.

The guideline value for Rajambal Nagar Main 1st 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 Rajambal Nagar Main 1st Road

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Rajambal Nagar Main 1st Road guideline value

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

How the guideline value of Rajambal Nagar Main 1st Road has changed

The guideline value for Rajambal Nagar Main 1st Road has undergone several revisions over the years. The earliest recorded value was in 2012, set at Rs 2,200 per sq.ft. This was followed by a decrease to Rs 1,474 per sq.ft in the 2017 revision. The most recent revision in 2024 shows a significant increase to Rs 2,400 per sq.ft, marking a 63% rise from the 2017 figure.

Between the 2012 and 2017 revisions, there was a notable decrease of 33%. Overall, comparing the values from 2012 to 2024, there has been a slight increase of 9%. The register has no figures for the years 2002, 2003, 2007, and 2023 for this street.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO with 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 matches the current guideline value of Rajambal Nagar Main 1st Road.

Stamp duty and registration fee for property in Rajambal Nagar Main 1st 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 at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, totaling Rs 2,16,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Rajambal Nagar Main 1st Road?

The Sub Registrar Office that covers Rajambal Nagar Main 1st 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, under 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 plays a crucial role during property transactions in Madambakkam. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property. Buyers and sellers must be aware of the current guideline value to ensure they comply with the legal requirements during the registration process.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used for calculating the applicable duties. This ensures that the government receives the correct amount of revenue from property transactions.

Frequently asked questions

What is the current guideline value of Rajambal Nagar Main 1st Road?

The current guideline value of Rajambal Nagar Main 1st 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, and then to Rs 2,400 per sq.ft in 2024. There was a 63% increase from 2017 to 2024, but a 33% decrease from 2012 to 2017.

What is the land classification for Rajambal Nagar Main 1st Road?

Rajambal Nagar Main 1st Road is classified as Commercial Class I Type - II. This classification impacts the guideline value and potential uses of the property.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073. This office handles registrations for properties in the area.

How is stamp duty calculated for properties in Madambakkam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 24,00,000, the stamp duty at 7% would be Rs 1,68,000.