Guideline Value

Corporate

Guideline Value for SRI RAGHAVA AVENUE PHASE-I

₹2700/sq.ft.

The guideline value for Sri Raghava Avenue Phase-i in Madambakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 2700 per sq.ft, effective 1 July 2024. It was Rs 2505 per sq.ft from 1 April 2023, a 8% change. The land classification is Mixed Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Madambakkam

Village

Selaiyur

SRO

Mixed Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹2700 /sq.ft.
From 1-4-2023 ₹2505 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
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 Sri Raghava Avenue Phase-i

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Sri Raghava Avenue Phase-I guideline value

The current guideline value of Sri Raghava Avenue Phase-I is Rs 2,700 per sq.ft. This property is located in Madambakkam village, under the Selaiyur SRO, and is classified as Mixed Special Type - II.

How the guideline value of Sri Raghava Avenue Phase-I has changed

The guideline value for Sri Raghava Avenue Phase-I has seen several revisions over the years. The oldest recorded revision is from 2017, where the value was Rs 1,675 per sq.ft. Following that, the value increased to Rs 2,505 per sq.ft in 2023, marking a significant rise of 50% over the six-year period. The most recent revision in 2024 set the guideline value at Rs 2,700 per sq.ft, reflecting an 8% increase from the previous year.

There are no recorded figures for the revisions in 2012, 2007, 2003, and 2002 for this street. Overall, from 2017 to 2024, the guideline value has increased by 61%.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 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 value for these streets is Rs 2,400 per sq.ft, placing the guideline value of Sri Raghava Avenue Phase-I above this median.

Stamp duty and registration fee for property in Sri Raghava Avenue Phase-I

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, while the registration fee at 2% would be Rs 54,000, totaling Rs 2,43,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher.

You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sri Raghava Avenue Phase-I?

The Sub Registrar Office that covers Sri Raghava Avenue Phase-I 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 during the registration process when buying or selling property in Madambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded at a fair value.

When a property is sold, the buyer and seller must adhere to the guideline value set by the Registration Department. This ensures compliance with local regulations and helps in maintaining transparency in property transactions.

Frequently asked questions

What is the current guideline value of Sri Raghava Avenue Phase-I?

The current guideline value of Sri Raghava Avenue Phase-I is Rs 2,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,675 per sq.ft to Rs 2,700 per sq.ft in 2024, marking an overall increase of 61%.

What are the other streets in Madambakkam with their guideline values?

Other streets in Madambakkam include Sri Ram Nagar at Rs 2,750 per sq.ft, Sri Padmaprabhu Nagar at Rs 1,600 per sq.ft, and several streets in Sri Ram Nagar, all at Rs 2,750 per sq.ft.

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.

How is stamp duty calculated for properties in Sri Raghava Avenue Phase-I?

Stamp duty is calculated based on the higher value between the guideline value and the sale price. For example, for a plot valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 at 7%.