Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for Sri Chandra Prabhu Nagar

₹2600/sq.ft.

The guideline value for Sri Chandra Prabhu Nagar in Madambakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 2600 per sq.ft, effective 1 July 2024. It was Rs 2390 per sq.ft from 1 April 2023, a 9% change. The land classification is Mixed Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Madambakkam

Village

Selaiyur

SRO

Mixed Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹2600 /sq.ft.
From 1-4-2023 ₹2390 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹1600 /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 Sri Chandra Prabhu Nagar

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Sri Chandra Prabhu Nagar guideline value

The current guideline value of Sri Chandra Prabhu Nagar is Rs 2,600 per sq.ft, effective from 1 July 2024. This area is located in Madambakkam village under the Selaiyur SRO, classified as Mixed Special Type - III.

How the guideline value of Sri Chandra Prabhu Nagar has changed

The guideline value for Sri Chandra Prabhu Nagar has seen significant changes over the years. The 2012 revision set the value at Rs 1,600 per sq.ft, which was then increased to Rs 2,390 per sq.ft in 2023. The most recent revision in 2024 raised the guideline value to Rs 2,600 per sq.ft, marking a 9% increase from the previous year. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2017.

When looking at the changes over time, the increase from 2012 to 2023 was substantial at 49%, and the overall change from 2012 to 2024 amounts to 63%. This indicates a steady rise in the guideline value in the area.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO that carry a 2024 guideline value, 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 Sri Chandra Prabhu Nagar guideline value above this median.

Stamp duty and registration fee for property in Sri Chandra Prabhu Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,600 per sq.ft, the total guideline value amounts to Rs 26,00,000. The stamp duty at 7% would be Rs 1,82,000, and the registration fee at 2% would be Rs 52,000, bringing the total cost to Rs 2,34,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Chandra Prabhu Nagar?

The Sri Chandra Prabhu Nagar area falls under 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 in property transactions in Madambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the registration of property. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with legal requirements.

When a property is sold, the guideline value is used to calculate the stamp duty, which is charged at a percentage of the higher value between the guideline value and the actual sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri Chandra Prabhu Nagar?

The current guideline value of Sri Chandra Prabhu Nagar is Rs 2,600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,600 per sq.ft in 2012 to Rs 2,600 per sq.ft in 2024, representing a total increase of 63% over this period.

What is the land classification for Sri Chandra Prabhu Nagar?

Sri Chandra Prabhu Nagar is classified as Mixed Special Type - III under the current land classification system.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp to Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is the stamp duty calculated for property in Sri Chandra Prabhu Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 26,00,000, the stamp duty would be Rs 1,82,000.