Guideline Value

Corporate

Guideline Value for Sri Devi Nagar 12th Street

₹1600/sq.ft.

The guideline value for Sri Devi Nagar 12th Street in Madambakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 1600 per sq.ft, effective 1 July 2024. 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 N/A
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 12th Street

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Sri Devi Nagar 12th Street guideline value

The current guideline value of Sri Devi Nagar 12th Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village, under the Selaiyur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sri Devi Nagar 12th Street has changed

Over the years, the guideline value for Sri Devi Nagar 12th Street has seen several revisions. The most recent revision in 2024 set the guideline value at Rs 1,600 per sq.ft, an increase of 59% from Rs 1,005 per sq.ft in the 2017 revision. Prior to that, the 2012 revision recorded a value of Rs 1,500 per sq.ft, indicating a decrease of 33% from 2012 to 2017. Overall, the guideline value has increased by 7% from 2012 to 2024.

It is important to note that there are no figures available for the years 2023, 2007, 2003, and 2002 for this street in the register.

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, making the Rs 1,600 per sq.ft for Sri Devi Nagar 12th Street below that median.

Stamp duty and registration fee for property in Sri Devi Nagar 12th Street

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

For more information on fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Devi Nagar 12th Street?

The Sub Registrar Office that covers Sri Devi Nagar 12th 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 details.

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

The guideline value is a crucial factor during the registration of property transactions in Madambakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps in assessing the fair value of the property. Buyers and sellers should be aware that the registration fees and stamp duty are calculated based on the higher of the guideline value or the actual sale price, which can impact the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Sri Devi Nagar 12th Street?

The current guideline value of Sri Devi Nagar 12th 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 2012 to Rs 1,005 per sq.ft in 2017, and then to Rs 1,600 per sq.ft in 2024. This represents an overall increase of 7% from 2012 to 2024.

What is the land classification for Sri Devi Nagar 12th Street?

Sri Devi Nagar 12th Street is classified as Residential Class II Type - I, indicating its designated use for residential purposes.

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

For a plot of 1,000 sq.ft at the current guideline value, the total guideline value would be Rs 16,00,000. The stamp duty would be Rs 1,12,000, and the registration fee would be Rs 32,000, totaling Rs 1,44,000 for these fees.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Sri Devi Nagar 12th Street is located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073. You can also find more information online.