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Guideline Value

Corporate

Guideline Value for Selvam Nagar Extn Thangarajsalai (Ward-23)

₹2200/sq.ft.

The guideline value for Selvam Nagar Extn Thangarajsalai (ward-23) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1340 /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.7, Roja Nagar,madhavaram, Chennai-600060
044-25530001
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Selvam Nagar Extn Thangarajsalai (ward-23)

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Selvam Nagar Extn Thangarajsalai (Ward-23) guideline value

The current guideline value of Selvam Nagar Extn Thangarajsalai (Ward-23) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village and falls under the Madhavaram SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Selvam Nagar Extn Thangarajsalai (Ward-23) has changed

The guideline value of Selvam Nagar Extn Thangarajsalai has undergone several revisions over the years. The 2017 revision set the value at Rs 1,340 per sq.ft. With the latest 2024 revision, the guideline value increased to Rs 2,200 per sq.ft, marking a significant change of +64% from the previous revision.

There are no figures available for the revisions in 2023, 2012, 2007, 2003, and 2002 for this street. Thus, the only relevant figures are from the 2017 and 2024 revisions.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft, with a median value of Rs 1,600 per sq.ft. The guideline value of Selvam Nagar Extn Thangarajsalai (Ward-23) is above this median.

Stamp duty and registration fee for property in Selvam Nagar Extn Thangarajsalai (Ward-23)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. 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 Selvam Nagar Extn Thangarajsalai (Ward-23)?

The Sub Registrar Office that covers Selvam Nagar Extn Thangarajsalai (Ward-23) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is an important factor during the registration of property transactions in Madhavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Selvam Nagar Extn Thangarajsalai (Ward-23)?

The current guideline value of Selvam Nagar Extn Thangarajsalai (Ward-23) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft in 2024, which is a change of +64%.

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

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000. These fees depend on the guideline value or the sale price, whichever is higher.

Which registration office covers Selvam Nagar Extn Thangarajsalai?

The Madhavaram Sub Registrar Office covers Selvam Nagar Extn Thangarajsalai (Ward-23). The office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the land classification for Selvam Nagar Extn Thangarajsalai?

The land classification for Selvam Nagar Extn Thangarajsalai (Ward-23) is Residential Class I Type - I, indicating its suitability for residential development.