Guideline Value

Corporate

Guideline Value for Rajambal Nagar Phase III Ext

₹2400/sq.ft.

The guideline value for Rajambal Nagar Phase Iii 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 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 Phase Iii Ext

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Rajambal Nagar Phase III Ext guideline value

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

The guideline value for Rajambal Nagar Phase III Ext has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,400 per sq.ft, which reflects a 9% increase from the 2012 revision of Rs 2,200 per sq.ft. It is important to note that there are no figures available for the revisions in 2023, 2017, 2007, 2003, and 2002 for this street.

In summary, the guideline value has increased from Rs 2,200 per sq.ft in 2012 to Rs 2,400 per sq.ft in 2024. This increase indicates a significant change in the valuation of the property over the years.

Guideline values in Madambakkam

In Madambakkam, there are a total of 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 for these streets is Rs 2,400 per sq.ft, which is the same as the guideline value for Rajambal Nagar Phase III Ext.

Stamp duty and registration fee for property in Rajambal Nagar Phase III Ext

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 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.

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

Which Sub Registrar Office covers Rajambal Nagar Phase III Ext?

The Sub Registrar Office covering Rajambal Nagar Phase III 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, 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

When buying or selling property in Madambakkam, the guideline value plays a crucial role during the registration process. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the official register.

The guideline value is essential for both buyers and sellers, as it helps in establishing the legal value of the property. This value is used to calculate the applicable fees, which are mandatory for the registration of property transactions.

Frequently asked questions

What is the current guideline value for Rajambal Nagar Phase III Ext?

The current guideline value for Rajambal Nagar Phase III Ext is Rs 2,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2012 to Rs 2,400 per sq.ft in 2024, reflecting a 9% increase. There are no figures available for the revisions in 2023, 2017, 2007, 2003, and 2002 for this street.

What are the other streets with the same guideline value in Madambakkam?

Other streets in Madambakkam with the same guideline value of Rs 2,400 per sq.ft include Rajambal Nagar Phase II, Rajambal South Avenue, Rajambal Nagar Phase 1, Rajambal Nagar Main Road, Rajambal Nagar Main 2nd Road, and Rajambal Nagar Main 1st Road.

How is stamp duty calculated for properties in Rajambal Nagar Phase III Ext?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the guideline value of Rs 24,00,000, the stamp duty would be Rs 1,68,000 at a rate of 7%.

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

The Sub Registrar Office for Rajambal Nagar Phase III Ext is located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073. You can find more information by visiting the link provided.