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Guideline Value

Corporate

Guideline Value for SELVA VINAYAGAR NAGAR

₹330/sq.ft.

The guideline value for Selva Vinayagar Nagar in Mambakkam village (Madurandakam SRO, Chengalpattu zone) is Rs 330 per sq.ft, effective 1 July 2024. It was Rs 300 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Mambakkam

Village

Madurandakam

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹330 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹300 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹60 /sq.ft.
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.53, Old Taluk Office Road, Maduranthakam-603306
044-27555138
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Selva Vinayagar Nagar

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Selva Vinayagar Nagar guideline value

The current guideline value of Selva Vinayagar Nagar is Rs 330 per sq.ft, effective from 1 July 2024. This area is located in Mambakkam village and falls under the Madurandakam Sub Registrar Office (SRO). The land classification for this street is Residential Class I Type - I.

How the guideline value of Selva Vinayagar Nagar has changed

The guideline value for Selva Vinayagar Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 60 per sq.ft, which increased significantly to Rs 300 per sq.ft in 2012, marking a 400% rise. However, from 2012 to 2017, the value decreased to Rs 201 per sq.ft, a drop of 33%. The value then increased to Rs 300 per sq.ft in 2023, showing a 49% increase, and finally rose to Rs 330 per sq.ft in the 2024 revision, reflecting a 10% increase.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Mambakkam

In Mambakkam village, there are 26 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 770 per sq.ft. The median guideline value is Rs 330 per sq.ft, which matches the current value for Selva Vinayagar Nagar. Below are the guideline values for other streets in Mambakkam:

Stamp duty and registration fee for property in Selva Vinayagar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value would be Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, resulting in a total of Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Selva Vinayagar Nagar?

The Sub Registrar Office that covers Selva Vinayagar Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Mambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for completing the sale. This ensures that the government receives its due revenue from property transactions.

Frequently asked questions

What is the current guideline value of Selva Vinayagar Nagar?

The current guideline value of Selva Vinayagar Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 60 per sq.ft in 2007 to Rs 330 per sq.ft in 2024, reflecting an overall increase of 450% over the years.

What are the stamp duty and registration fees for property in Selva Vinayagar Nagar?

For a property valued at Rs 3,30,000, the stamp duty would be Rs 23,100, and the registration fee would be Rs 6,600, totaling Rs 29,700.

Which office handles property registration in Selva Vinayagar Nagar?

The Madurandakam Sub Registrar Office handles property registration in Selva Vinayagar Nagar, located at No.53, Old Taluk Office Road, Maduranthakam-603306.

What is the significance of the guideline value in property transactions?

The guideline value is used as a reference for the minimum value at which a property can be registered, influencing the calculation of stamp duty and registration fees during property transactions.