Guideline Value

Corporate

Guideline Value for Secretariat Colony-Sundar Nagar Main Road

₹2750/sq.ft.

The guideline value for Secretariat Colony-sundar Nagar Main Road in Madambakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. 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 ₹2500 /sq.ft.
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-sundar Nagar Main Road

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Secretariat Colony-Sundar Nagar Main Road guideline value

The current guideline value of Secretariat Colony-Sundar Nagar Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024. This property is located in Madambakkam village under the Selaiyur SRO, classified as Commercial Class I Type - I.

How the guideline value of Secretariat Colony-Sundar Nagar Main Road has changed

The guideline value for this street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,750 per sq.ft, an increase from Rs 2,500 per sq.ft in the 2023 revision. Notably, there was no change in the value from the 2012 revision to the 2023 revision, which remained at Rs 2,500 per sq.ft. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2017 for this street. The 2012 revision marked a stable period with no changes, while the 2023 revision introduced a 10% increase leading to the current value.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO, with the 2024 guideline values 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 Secretariat Colony-Sundar Nagar Main Road's 2024 guideline value above this median.

Stamp duty and registration fee for property in Secretariat Colony-Sundar Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total 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, bringing the total cost to Rs 2,47,500. It is important to 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 Secretariat Colony-Sundar Nagar Main Road?

The Sub Registrar Office covering Secretariat Colony-Sundar Nagar 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 more information.

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

The guideline value plays a crucial role in the registration process of properties in Madambakkam. When you buy or sell a property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. This ensures that the fees are calculated fairly based on the established values in the area.

Additionally, the guideline value is important for both buyers and sellers as it provides a benchmark for property transactions. It helps in understanding the market dynamics and ensures that the registration process adheres to the legal requirements set by the Registration Department.

Frequently asked questions

What is the current guideline value of Secretariat Colony-Sundar Nagar Main Road?

The current guideline value of Secretariat Colony-Sundar Nagar Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained stable at Rs 2,500 per sq.ft from 2012 to 2023, before increasing to Rs 2,750 per sq.ft in 2024. Overall, from 2012 to 2024, the value has increased by 10%.

What is the land classification for this area?

The land classification for Secretariat Colony-Sundar Nagar Main Road is Commercial Class I Type - I, indicating its suitability for commercial activities.

What are the stamp duty and registration fees for properties here?

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 guideline value or the sale price, whichever is higher.

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.