Guideline Value

Corporate

Guideline Value for Sri Devi Nagar 4thStreet

₹1600/sq.ft.

The guideline value for Sri Devi Nagar 4thstreet 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 4thstreet

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Sri Devi Nagar 4thStreet guideline value

The current guideline value of Sri Devi Nagar 4th 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 4thStreet has changed

The guideline value for Sri Devi Nagar 4th Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 1,005 per sq.ft. The next revision in 2023 increased the value to Rs 1,500 per sq.ft, followed by the current 2024 revision which raised it to Rs 1,600 per sq.ft, marking a 7% increase from the previous year.

In summary, from 2012 to 2024, the overall change in guideline value is an increase of 7%. The revisions for the years 2002, 2003, and 2007 do not have any figures listed in the register for this street.

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, with a median value of Rs 2,400 per sq.ft. The guideline value of Sri Devi Nagar 4th Street is below this median.

Stamp duty and registration fee for property in Sri Devi Nagar 4thStreet

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 fees to 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 4thStreet?

The Sri Devi Nagar 4th Street 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 details.

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

The guideline value is a crucial factor when registering property transactions in Madambakkam. It serves as a benchmark for determining the minimum value of a property, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware that the guideline value may influence the sale price, as it is the basis for calculating the taxes and fees associated with the transaction. Buyers and sellers should consider this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sri Devi Nagar 4th Street?

The current guideline value of Sri Devi Nagar 4th 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 1,600 per sq.ft in 2024. There was a decrease in value from Rs 1,005 per sq.ft in 2017 to Rs 1,500 per sq.ft in 2023, followed by an increase of 7% to the current value.

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 3rd Street, 5th Street, 3rd Cross Street, 6th Street, 2nd Street, and 7th Street.

What is the registration fee for property in Sri Devi Nagar 4th Street?

The registration fee for property in Sri Devi Nagar 4th Street is calculated based on the guideline value. For example, for a property valued at Rs 16,00,000, the registration fee would be Rs 32,000 at a rate of 2%.

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. You can find more details by visiting the provided link.