Guideline Value

Corporate

Guideline Value for Rajambal Nagar Main Road

₹2400/sq.ft.

The guideline value for Rajambal Nagar Main 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 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 Rajambal Nagar Main Road

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Rajambal Nagar Main Road guideline value

The current guideline value of Rajambal Nagar Main Road is Rs 2,400 per sq.ft. This road 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 Rajambal Nagar Main Road has changed

According to the guideline value register, the first recorded revision for Rajambal Nagar Main Road was in 2012, which set the value at Rs 2,200 per sq.ft. The most recent revision, effective from 1 July 2024, has increased this value to Rs 2,400 per sq.ft, marking a change of +9% from the 2012 figure. The register does not have figures for the years 2002, 2003, 2007, 2017, and 2023 for this street.

From the 2012 revision to the 2024 revision, the guideline value rose from Rs 2,200 to Rs 2,400 per sq.ft. This represents a significant increase over the years, reflecting the current valuation as per the latest revision.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO, with 2024 guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median value across these streets is Rs 2,400 per sq.ft, which is the same as the current guideline value for Rajambal Nagar Main Road.

Stamp duty and registration fee for property in Rajambal Nagar Main Road

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, making the total cost Rs 2,16,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajambal Nagar Main Road?

The Sub Registrar Office that covers Rajambal Nagar Main 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, 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 plays a crucial role in the registration process of property transactions in Madambakkam. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official records.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. The guideline value is regularly updated to reflect changes in the real estate market and local conditions, making it a key factor in property dealings.

Frequently asked questions

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

The current guideline value of Rajambal Nagar Main 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 increased from Rs 2,200 per sq.ft in 2012 to Rs 2,400 per sq.ft in 2024, marking a +9% change. There are no figures available for the revisions in 2003, 2007, 2017, and 2023 for this street.

What is the land classification for Rajambal Nagar Main Road?

Rajambal Nagar Main Road is classified as Commercial Class I Type - II, indicating its suitability for commercial activities.

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 based on the guideline value or sale price, whichever is higher.

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

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.