Guideline Value

Corporate

Guideline Value for Rajambal Nagar Phase1

₹2400/sq.ft.

The guideline value for Rajambal Nagar Phase1 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 Phase1

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Rajambal Nagar Phase1 guideline value

The current guideline value of Rajambal Nagar Phase1 is Rs 2,400 per sq.ft, effective from 1 July 2024. This area is located in Madambakkam village under the Selaiyur SRO, classified as Commercial Class I Type - II.

How the guideline value of Rajambal Nagar Phase1 has changed

The guideline value for Rajambal Nagar Phase1 has undergone revisions over the years. The earliest recorded revision was in 2002, followed by 2003, 2007, and 2012. The 2012 revision set the value at Rs 2,200 per sq.ft. The most recent revision in 2024 increased the value to Rs 2,400 per sq.ft, marking a 9% increase from the 2012 figure.

There are no recorded figures for the years 2023, 2017, and 2007 for this street. The 2024 guideline value aligns with the median value of Rs 2,400 per sq.ft for the 1,151 streets in Madambakkam under the Selaiyur SRO.

Guideline values in Madambakkam

In Madambakkam, the guideline values range from Rs 1,100 to Rs 6,000 per sq.ft, with a median of Rs 2,400 per sq.ft. Rajambal Nagar Phase1's guideline value matches this median figure.

Stamp duty and registration fee for property in Rajambal Nagar Phase1

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, while 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 duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajambal Nagar Phase1?

The Sub Registrar Office that covers Rajambal Nagar Phase1 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 is a crucial factor when buying or selling property in Madambakkam. It determines the minimum value at which a property can be registered, ensuring that the transaction is transparent and fair. Buyers and sellers must consider this value to understand the financial implications of their property transactions.

During the registration process, the guideline value is used to calculate the stamp duty and registration fees. These fees are essential for formalizing the transfer of property ownership and must be paid to complete the registration process.

Frequently asked questions

What is the current guideline value for Rajambal Nagar Phase1?

The current guideline value for Rajambal Nagar Phase1 is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Rajambal Nagar Phase1 was Rs 2,200 per sq.ft in 2012 and increased to Rs 2,400 per sq.ft in 2024, reflecting a 9% increase. There are no figures available for the years 2023, 2017, and 2007.

What is the land classification for Rajambal Nagar Phase1?

Rajambal Nagar Phase1 is classified as Commercial Class I Type - II. This classification affects the guideline value and potential uses of the property.

Where can I find the Sub Registrar Office for Rajambal Nagar Phase1?

The Selaiyur Sub Registrar Office covers Rajambal Nagar Phase1, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is 2% of the guideline value. For example, for a 1,000 sq.ft plot, the total guideline value would be Rs 24,00,000, resulting in a stamp duty of Rs 1,68,000 and a registration fee of Rs 48,000.