Guideline Value for SILVER CREST
₹1700/sq.ft.
The guideline value for Silver Crest in Madurabakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 1700 per sq.ft, effective 1 July 2024. It was Rs 1600 per sq.ft from 1 April 2023, a 6% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Madurabakkam
Village
Selaiyur
SRO
Residential Special Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹1700 /sq.ft. |
| From 1-4-2023 | ₹1600 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹1072 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹1600 /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]
Records for a plot on Silver Crest
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Selaiyur sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Silver Crest guideline value
The current guideline value of Silver Crest, located in Madurabakkam village, is Rs 1,700 per sq.ft, effective from 1 July 2024. This area falls under the Selaiyur SRO and is classified as Residential Special Type - I.
How the guideline value of Silver Crest has changed
The guideline value for Silver Crest has undergone several revisions over the years. In 2012, the guideline value was set at Rs 1,600 per sq.ft. This value decreased to Rs 1,072 per sq.ft in the 2017 revision, reflecting a decline of 33%. However, from 2017 to 2023, there was a significant increase of 49%, raising the value to Rs 1,600 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 1,700 per sq.ft, marking a 6% rise from the previous year.
It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.
Guideline values in Madurabakkam
- Shankar Nagar: Rs 1,300 per sq.ft (2024)
- Sarojini Nagar: Rs 2,500 per sq.ft (2024)
- Rajkham Siver Crest (Lo): Rs 1,300 per sq.ft (2024)
- Periya Street: Rs 1,300 per sq.ft (2024)
- Panchayat Road: Rs 1,100 per sq.ft (2024)
- Vedhagiri Nagar: Rs 2,200 per sq.ft (2024)
Stamp duty and registration fee for property in Silver Crest
For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty is charged at 7%, which totals Rs 1,19,000, and the registration fee is charged at 2%, amounting to Rs 34,000. Therefore, the total cost for stamp duty and registration fees together is Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.
For more information, you can use the stamp duty and registration fee calculator.
Which Sub Registrar Office covers Silver Crest?
The Sub Registrar Office that covers Silver Crest 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 Madurabakkam
The guideline value plays a crucial role during the registration process when buying or selling property in Madurabakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations and to avoid any potential disputes during the transaction.
When a property is registered, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.
Frequently asked questions
What is the current guideline value of Silver Crest?
The current guideline value of Silver Crest is Rs 1,700 per sq.ft, effective from 1 July 2024.
How has the guideline value of Silver Crest changed over the years?
The guideline value has changed from Rs 1,600 per sq.ft in 2023 to Rs 1,700 per sq.ft in 2024. It was Rs 1,072 per sq.ft in 2017 and Rs 1,600 per sq.ft in 2012.
What are the other streets in Madurabakkam with their guideline values?
Other streets in Madurabakkam include Shankar Nagar at Rs 1,300 per sq.ft, Sarojini Nagar at Rs 2,500 per sq.ft, and Vedhagiri Nagar at Rs 2,200 per sq.ft, among others.
What is the stamp duty rate for properties in Silver Crest?
The stamp duty rate for properties in Silver Crest is 7% of the guideline value or the sale price, whichever is higher.
Where is the Sub Registrar Office for Silver Crest located?
The Sub Registrar Office for Silver Crest is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.
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