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Guideline Value

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Guideline Value for SRI SAIRAM NAGAR EXTN

₹4000/sq.ft.

The guideline value for Sri Sairam Nagar Extn in Madambakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 4000 per sq.ft, effective 1 July 2024. It was Rs 3735 per sq.ft from 1 April 2023, a 7% change. The land classification is Mixed Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Madambakkam

Village

Selaiyur

SRO

Mixed Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹4000 /sq.ft.
From 1-4-2023 ₹3735 /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 Sri Sairam Nagar Extn

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Sri Sairam Nagar Extn guideline value

The current guideline value of Sri Sairam Nagar Extn is Rs 4,000 per sq.ft, effective from 1 July 2024. This area is located in Madambakkam village under the Selaiyur SRO, classified as Mixed Special Type - I.

How the guideline value of Sri Sairam Nagar Extn has changed

The guideline value for Sri Sairam Nagar Extn has seen several revisions over the years. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 3,735 per sq.ft, and in the most recent 2024 revision, it increased to Rs 4,000 per sq.ft, marking a change of +7%.

Prior to the 2023 revision, there was no recorded figure for the street. The 2024 value of Rs 4,000 per sq.ft is a significant increase compared to the previous year's value, reflecting a notable change in the guideline value for this area.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO, with guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value in this village is Rs 2,400 per sq.ft, placing Sri Sairam Nagar Extn's 2024 figure above that median.

Stamp duty and registration fee for property in Sri Sairam Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 4,000 per sq.ft, the total guideline value amounts to Rs 40,00,000. The stamp duty at 7% would be Rs 2,80,000, and the registration fee at 2% would be Rs 80,000, bringing the total to Rs 3,60,000. Please note that the 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 details.

Which Sub Registrar Office covers Sri Sairam Nagar Extn?

The Sub Registrar Office that covers Sri Sairam Nagar Extn 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 plays a crucial role during property transactions in Madambakkam. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that must be paid to the government.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of the transaction. Ensuring that the property is registered at the correct guideline value helps in maintaining transparency and legality in property dealings.

Frequently asked questions

What is the current guideline value of Sri Sairam Nagar Extn?

The current guideline value of Sri Sairam Nagar Extn is Rs 4,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,735 per sq.ft in 2023 to Rs 4,000 per sq.ft in 2024, reflecting a +7% increase. There are no figures recorded for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Madambakkam?

The median guideline value in Madambakkam is Rs 2,400 per sq.ft. Sri Sairam Nagar Extn's guideline value of Rs 4,000 per sq.ft is above this median.

What are the stamp duty and registration fees for a property in Sri Sairam Nagar Extn?

For a property valued at Rs 40,00,000, the stamp duty would be Rs 2,80,000 and the registration fee would be Rs 80,000, totaling Rs 3,60,000. Duty is charged on the higher of the guideline value or the sale price.

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.