Guideline Value

Corporate

Guideline Value for Sri Devi Nagar 7th Street

₹1600/sq.ft.

The guideline value for Sri Devi Nagar 7th 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 7th Street

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Sri Devi Nagar 7th Street guideline value

The current guideline value of Sri Devi Nagar 7th Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village and falls under the Selaiyur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Sri Devi Nagar 7th Street has changed

The guideline value for Sri Devi Nagar 7th Street has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 1,600 per sq.ft, an increase of 7% from Rs 1,500 per sq.ft in the 2023 revision. Prior to that, the value was Rs 1,005 per sq.ft in 2017, reflecting a significant increase of 49% from the previous value of Rs 1,500 per sq.ft in 2012. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33% in the guideline value. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 7%. The latest value of Rs 1,600 per sq.ft is below the median value of Rs 2,400 per sq.ft for the 1,151 streets in Madambakkam under the Selaiyur SRO.

Guideline values in Madambakkam

In Madambakkam, the guideline values range from Rs 1,100 to Rs 6,000 per sq.ft as of the 2024 revision. The median value is Rs 2,400 per sq.ft, placing Sri Devi Nagar 7th Street's value below this median. Here are some other streets in Madambakkam:

Stamp duty and registration fee for property in Sri Devi Nagar 7th 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's important to note that the 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 7th Street?

The Sub Registrar Office that covers Sri Devi Nagar 7th Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opposite 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 the registration process when buying or selling property in Madambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Sri Devi Nagar 7th Street?

The current guideline value of Sri Devi Nagar 7th 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 increased from Rs 1,500 per sq.ft in 2023 to Rs 1,600 per sq.ft in 2024. From 2017 to 2023, it rose by 49%, but it decreased by 33% from 2012 to 2017.

What are the guideline values for other streets in Madambakkam?

Other streets in Madambakkam have a guideline value of Rs 1,600 per sq.ft as of 2024, which is the same as Sri Devi Nagar 7th Street. The median guideline value for the village is Rs 2,400 per sq.ft.

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,44,000 based on the current guideline value.

Which office should I contact for registration in Sri Devi Nagar 7th Street?

The Selaiyur Sub Registrar Office covers Sri Devi Nagar 7th Street. It is located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.