Guideline Value

Corporate

Guideline Value for Sabapathi Nagar 1st Main Road

₹1900/sq.ft.

The guideline value for Sabapathi Nagar 1st Main Road in Madambakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 1900 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Madambakkam

Village

Selaiyur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1900 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹1800 /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]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sabapathi Nagar 1st Main Road

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Sabapathi Nagar 1st Main Road guideline value

The current guideline value of Sabapathi Nagar 1st Main Road is Rs 1,900 per sq.ft, effective from 1 July 2024. This road is located in Madambakkam village, under the Selaiyur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sabapathi Nagar 1st Main Road has changed

The guideline value for Sabapathi Nagar 1st Main Road has undergone revisions over the years. The most recent revision in 2024 set the value at Rs 1,900 per sq.ft, which is an increase from Rs 1,800 per sq.ft in the 2012 revision, marking a change of +6%. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002.

To summarize the changes, the 2012 revision was the last recorded figure before the current 2024 value. The increase from 2012 to 2024 represents a significant adjustment in the guideline value for this street.

Guideline values in Madambakkam

In Madambakkam, a total of 1,151 streets are listed under the Selaiyur SRO with 2024 guideline values 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, indicating that the guideline value of Sabapathi Nagar 1st Main Road is below this median.

Stamp duty and registration fee for property in Sabapathi Nagar 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, totaling Rs 1,71,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sabapathi Nagar 1st Main Road?

The Sub Registrar Office that covers Sabapathi Nagar 1st Main Road 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 further assistance.

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

The guideline value is a crucial factor in property transactions in Madambakkam, as it helps determine the amount of stamp duty and registration fees payable during the registration process. Buyers and sellers should be aware that the guideline value serves as a benchmark for property transactions, ensuring that the government receives appropriate revenue from property sales.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This process ensures transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value of Sabapathi Nagar 1st Main Road?

The current guideline value of Sabapathi Nagar 1st Main Road is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 1,800 per sq.ft in 2012 to Rs 1,900 per sq.ft in 2024, which is a change of +6%. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002.

What is the median guideline value in Madambakkam?

The median guideline value in Madambakkam is Rs 2,400 per sq.ft, while the guideline value for Sabapathi Nagar 1st Main Road is below this median.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 19,00,000, the stamp duty would be Rs 1,33,000, and the registration fee would be Rs 38,000, totaling Rs 1,71,000. The duty is charged on the higher of the guideline value and the sale price.

Where is the Sub Registrar Office for Sabapathi Nagar 1st Main Road located?

The Sub Registrar Office for Sabapathi Nagar 1st Main Road is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.