Guideline Value

Corporate

Guideline Value for Sri Devi Nagar 11th Street

₹1600/sq.ft.

The guideline value for Sri Devi Nagar 11th Street in Madambakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 1600 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 7% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Madambakkam

Village

Selaiyur

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1600 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /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 Devi Nagar 11th Street

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Sri Devi Nagar 11th Street guideline value

The current guideline value of Sri Devi Nagar 11th Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village under the Selaiyur SRO, classified as Residential Class II Type - I.

How the guideline value of Sri Devi Nagar 11th Street has changed

Over the years, the guideline value for Sri Devi Nagar 11th Street has undergone several revisions. The most recent revision in 2024 set the value at Rs 1,600 per sq.ft, an increase from Rs 1,500 per sq.ft in the 2023 revision, marking a change of +7%. Prior to that, the 2017 revision recorded a value of Rs 1,005 per sq.ft, which reflects a substantial increase of +49% from the previous 2023 figure. The 2012 revision had a value of Rs 1,500 per sq.ft, which was a decrease of -33% from the 2017 figure. Notably, the register has no figures for the years 2002, 2003, and 2007.

When looking at the overall change from 2012 to 2024, the guideline value has increased by +7%, moving from Rs 1,500 per sq.ft in 2012 to Rs 1,600 per sq.ft in 2024. This indicates a relatively stable value over the years, especially considering the fluctuations observed in the intervening revisions.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets 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, placing the Sri Devi Nagar 11th Street guideline value below this median.

Stamp duty and registration fee for property in Sri Devi Nagar 11th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total to Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Devi Nagar 11th Street?

The Sub Registrar Office that covers Sri Devi Nagar 11th 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

When buying or selling property in Madambakkam, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is set by the Registration Department and reflects the minimum value at which properties can be registered in the area.

It is essential for buyers and sellers to be aware of the current guideline value as it impacts the overall cost of property transactions. The guideline value ensures transparency and helps in assessing the value of properties in the region.

Frequently asked questions

What is the current guideline value for Sri Devi Nagar 11th Street?

The current guideline value for Sri Devi Nagar 11th Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2023, Rs 1,005 per sq.ft in 2017, and Rs 1,500 per sq.ft in 2012. The most significant change was a +49% increase from 2017 to 2023.

What is the land classification for Sri Devi Nagar 11th Street?

Sri Devi Nagar 11th Street is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

What are the other streets with the same guideline value in Madambakkam?

Several other streets in Madambakkam also have a guideline value of Rs 1,600 per sq.ft in 2024, including Sri Devi Nagar 10th Street, 12th Street, 1st Cross Street, 1st Street, Sri Devi Nagar itself, and 2nd Cross Street.

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. This office handles property registrations for the area.