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Guideline Value

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Guideline Value for Sri Devi Nagar 3rd Cross Street

₹1600/sq.ft.

The guideline value for Sri Devi Nagar 3rd Cross 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 3rd Cross Street

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Sri Devi Nagar 3rd Cross Street guideline value

The current guideline value of Sri Devi Nagar 3rd Cross 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 3rd Cross Street has changed

The guideline value for Sri Devi Nagar 3rd Cross Street has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 1,600 per sq.ft, which is an increase from Rs 1,500 per sq.ft in the 2023 revision, marking a change of +7%. In the 2017 revision, the value was Rs 1,005 per sq.ft, indicating a significant increase of +49% to the 2023 figure. The 2012 revision also recorded a value of Rs 1,500 per sq.ft, which is a decrease of -33% compared to the 2017 revision. The register has no figures for the years 2002, 2003, and 2007 for this street.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by +7%. The current rate of Rs 1,600 per sq.ft is below the median rate of Rs 2,400 per sq.ft for the 1,151 streets in Madambakkam that carry a 2024 figure, which range from Rs 1,100 to Rs 6,000 per sq.ft.

Guideline values in Madambakkam

In Madambakkam, the guideline values vary significantly, with the median being Rs 2,400 per sq.ft. Sri Devi Nagar 3rd Cross Street's 2024 guideline value is below this median.

Stamp duty and registration fee for property in Sri Devi Nagar 3rd Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 1,600 per sq.ft, the 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, totaling Rs 1,44,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Devi Nagar 3rd Cross Street?

The Sub Registrar Office that covers Sri Devi Nagar 3rd Cross 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

The guideline value is a crucial factor when buying or selling property in Madambakkam, as it determines the minimum value at which the property can be registered. It is used to calculate the stamp duty and registration fees, which are essential components of the property transaction process.

When a property is sold, the guideline value serves as a benchmark for the sale price. If the sale price exceeds the guideline value, the stamp duty is calculated based on the sale price. Conversely, if the sale price is lower than the guideline value, the duty is calculated on the guideline value.

Frequently asked questions

What is the current guideline value of Sri Devi Nagar 3rd Cross Street?

The current guideline value of Sri Devi Nagar 3rd Cross 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 to Rs 1,600 per sq.ft in 2024, a change of +7%. It was Rs 1,005 per sq.ft in 2017 and Rs 1,500 per sq.ft in 2012, showing a +49% increase from 2017 to 2023.

What is the registration fee for properties in Sri Devi Nagar 3rd Cross Street?

The registration fee is calculated based on the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot at Rs 1,600 per sq.ft, the registration fee would be Rs 32,000.

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.

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

Other streets in Madambakkam with the same guideline value of Rs 1,600 per sq.ft include Sri Devi Nagar 1st Street, Sri Devi Nagar 2nd Street, Sri Devi Nagar 3rd Street, Sri Devi Nagar 4th Street, and Sri Devi Nagar 5th Street.