Guideline Value for Sri Padmaprabhu Nagar
₹1600/sq.ft.
The guideline value for Sri Padmaprabhu Nagar 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 | N/A |
| 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]
Records for a plot on Sri Padmaprabhu Nagar
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Selaiyur sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Sri Padmaprabhu Nagar guideline value
The current guideline value of Sri Padmaprabhu Nagar is Rs 1,600 per sq.ft, effective from 1 July 2024. This area is located in Madambakkam village under the Selaiyur SRO, classified as Residential Class II Type - I.
How the guideline value of Sri Padmaprabhu Nagar has changed
Since the 2012 revision, the guideline value for Sri Padmaprabhu Nagar has remained stable at Rs 1,500 per sq.ft until the 2023 revision. In 2023, the value was revised to Rs 1,500 per sq.ft, showing no change from the previous year. The latest revision in 2024 has increased the guideline value to Rs 1,600 per sq.ft, marking a 7% increase from the 2023 figure.
Revisions prior to 2012, specifically in 2002, 2003, 2007, and 2017, do not have any figures recorded for this street. Overall, from 2012 to 2024, the guideline value has increased by 7%.
Guideline values in Madambakkam
In Madambakkam, there are 1,151 streets under the Selaiyur SRO, with a 2024 guideline value range from Rs 1,100 to Rs 6,000 per sq.ft. The median value for these streets is Rs 2,400 per sq.ft, indicating that the guideline value for Sri Padmaprabhu Nagar is below this median.
- Sri Raghava Avenue Phase-I: Rs 2,700 per sq.ft (2024)
- Sri Ram Nagar: Rs 2,750 per sq.ft (2024)
- Sri Ram Nagar 1st Street: Rs 2,750 per sq.ft (2024)
- Sri Ram Nagar 2nd Street: Rs 2,750 per sq.ft (2024)
- Sri Ram Nagar 3rd Street: Rs 2,750 per sq.ft (2024)
- Sri Ram Nagar Ganapathy Joint Road: Rs 2,750 per sq.ft (2024)
Stamp duty and registration fee for property in Sri Padmaprabhu Nagar
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, totaling 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, you can use the stamp duty and registration fee calculator.
Which Sub Registrar Office covers Sri Padmaprabhu Nagar?
The Sub Registrar Office that covers Sri Padmaprabhu Nagar 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 critical factor in property transactions in Madambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. When selling or buying property, the guideline value must be considered to ensure compliance with local regulations.
At the time of registration, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenues from property transactions.
Frequently asked questions
What is the current guideline value of Sri Padmaprabhu Nagar?
The current guideline value of Sri Padmaprabhu Nagar 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 remained at Rs 1,500 per sq.ft from 2012 to 2023, before increasing to Rs 1,600 per sq.ft in 2024. Overall, there has been a 7% increase in the guideline value from 2012 to 2024.
What are the stamp duty rates for properties in Sri Padmaprabhu Nagar?
The stamp duty for properties in Sri Padmaprabhu Nagar is charged at 7% of the guideline value or the sale price, whichever is higher. Registration fees are charged at 2% of the same value.
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 is the median guideline value in Madambakkam?
The median guideline value in Madambakkam is Rs 2,400 per sq.ft. The guideline value for Sri Padmaprabhu Nagar is below this median.
Ask the records, or walk the map.
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