Guideline Value

Corporate

Guideline Value for Secretariat Colony 4th Cross Street

₹2750/sq.ft.

The guideline value for Secretariat Colony 4th Cross Street in Madambakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 2750 per sq.ft, effective 1 July 2024. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Madambakkam

Village

Selaiyur

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /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 ₹2500 /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 Secretariat Colony 4th Cross Street

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Secretariat Colony 4th Cross Street guideline value

The current guideline value for Secretariat Colony 4th Cross Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village under the Selaiyur SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Secretariat Colony 4th Cross Street has changed

The guideline value for Secretariat Colony 4th Cross Street has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 2,750 per sq.ft, which is an increase from Rs 2,500 per sq.ft in the 2012 revision, reflecting a change of +10%. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

Looking back, the 2012 revision was the last time the value was recorded before the current figure. The increase from 2012 to 2024 indicates a significant adjustment in the guideline value for this street.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO that carry a guideline value for 2024, ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, placing the 2024 figure for Secretariat Colony 4th Cross Street above this median.

Stamp duty and registration fee for property in Secretariat Colony 4th Cross Street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, making the total Rs 2,47,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Secretariat Colony 4th Cross Street?

The Sub Registrar Office that covers Secretariat Colony 4th Cross Street 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 is a crucial factor during property transactions in Madambakkam. It serves as a reference point for determining the stamp duty and registration fees that need to be paid when buying or selling property. This value is set by the government and is periodically revised to reflect market conditions.

When you register a property, the guideline value is used to calculate the applicable charges. Buyers should be aware that the duty is charged based on the higher of the guideline value or the sale price, ensuring that the registration process is aligned with the current market standards.

Frequently asked questions

What is the current guideline value for Secretariat Colony 4th Cross Street?

The current guideline value for Secretariat Colony 4th Cross Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 2,500 per sq.ft in 2012 to Rs 2,750 per sq.ft in 2024, which is a change of +10%. There are no recorded figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the median guideline value in Madambakkam?

The median guideline value for streets in Madambakkam is Rs 2,400 per sq.ft. The guideline value for Secretariat Colony 4th Cross Street is above this median.

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

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500. These fees are calculated based on the higher of the guideline value or the sale price.

Which office handles registrations for Secretariat Colony 4th Cross Street?

The Selaiyur Sub Registrar Office handles registrations for Secretariat Colony 4th Cross Street. It is located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Chennai - 600 073.