Guideline Value

Corporate

Guideline Value for S.N.K.NAGAR

₹3300/sq.ft.

The guideline value for S.n.k.nagar in Madambakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Madambakkam

Village

Selaiyur

SRO

Residential Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
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 S.n.k.nagar

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S.N.K.Nagar guideline value

The current guideline value of S.N.K.Nagar, located in Madambakkam village under the Selaiyur SRO, is Rs 3,300 per sq.ft as per the 2024 revision, effective from 1 July 2024. The land classification for this area is Residential Special Type - III.

How the guideline value of S.N.K.Nagar has changed

The guideline value for S.N.K.Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, which is an increase from Rs 3,000 per sq.ft in the 2023 revision, marking a 10% rise. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

To summarize the changes, the 2023 revision was Rs 3,000 per sq.ft, while the 2024 revision is Rs 3,300 per sq.ft. The increase reflects the adjustments made in the guideline values over the years, specifically between the last two revisions.

Guideline values in Madambakkam

In Madambakkam, there are 1151 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value in this area is Rs 2,400 per sq.ft, making S.N.K.Nagar's 2024 figure of Rs 3,300 per sq.ft above the median.

Stamp duty and registration fee for property in S.N.K.Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers S.N.K.Nagar?

The Sub Registrar Office that covers S.N.K.Nagar 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 details.

How the guideline value is used when you buy or sell in Madambakkam

The guideline value plays a crucial role in the registration process when buying or selling property in Madambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with the legal requirements during the registration process.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. This amount is based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of S.N.K.Nagar?

The current guideline value of S.N.K.Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for S.N.K.Nagar was Rs 3,000 per sq.ft in 2023 and has increased to Rs 3,300 per sq.ft in 2024, reflecting a 10% rise. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for S.N.K.Nagar?

The land classification for S.N.K.Nagar is Residential Special Type - III, indicating its designated use for residential purposes.

What are the stamp duty and registration fees for S.N.K.Nagar?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone.