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Guideline Value

Corporate

Guideline Value for Sri Ragavendra Nagar Extn-II to VIII

₹1200/sq.ft.

The guideline value for Sri Ragavendra Nagar Extn-ii To Viii in Madambakkam village (Gooduvancheri SRO, Chengalpattu zone) is Rs 1200 per sq.ft, effective 1 July 2024. The land classification is Commercial Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Madambakkam

Village

Gooduvancheri

SRO

Commercial Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1200 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹245 /sq.ft.
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)

Defence Colony Road,near Vetnary Hospital,nanthivaram,guduvanjery-603202
044-27462940
[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 Ragavendra Nagar Extn-ii To Viii

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Sri Ragavendra Nagar Extn-II to VIII guideline value

The current guideline value of Sri Ragavendra Nagar Extn-II to VIII is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is located in Madambakkam village and falls under the Gooduvancheri SRO. The land classification for this street is Commercial Special Type - I.

How the guideline value of Sri Ragavendra Nagar Extn-II to VIII has changed

The guideline value for Sri Ragavendra Nagar Extn-II to VIII has undergone several revisions over the years. In the 2007 revision, the value was Rs 245 per sq.ft, which saw a significant increase to Rs 1,200 per sq.ft in the 2012 revision. However, it then dropped to Rs 804 per sq.ft in 2017. The 2023 and 2024 revisions maintained the value at Rs 1,200 per sq.ft, indicating no change from the previous year.

From 2017 to 2023, the guideline value increased by 49%. The change from 2012 to 2017 was a decrease of 33%, while the jump from 2007 to 2012 was a remarkable 390%. Overall, from 2007 to 2024, the guideline value has increased by 390%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Madambakkam

In Madambakkam, there are 110 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,000 per sq.ft. The median value is Rs 1,200 per sq.ft, which is equal to the current guideline value for Sri Ragavendra Nagar Extn-II to VIII.

Stamp duty and registration fee for property in Sri Ragavendra Nagar Extn-II to VIII

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, making the total Rs 1,08,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Ragavendra Nagar Extn-II to VIII?

The Sub Registrar Office covering Sri Ragavendra Nagar Extn-II to VIII is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, 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 an essential factor when buying or selling property in Madambakkam. It helps determine the stamp duty and registration fees that must be paid during the transaction. The value is set by the Registration Department and is updated periodically to reflect market conditions.

When registering a property, the guideline value is used to calculate the applicable fees. Buyers should be aware that the duty is charged on the higher of the guideline value and the sale price, ensuring that the transaction is accurately recorded and taxed accordingly.

Frequently asked questions

What is the current guideline value for Sri Ragavendra Nagar Extn-II to VIII?

The current guideline value for Sri Ragavendra Nagar Extn-II to VIII is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revisions in 2023 and 2024 maintaining the value at Rs 1,200 per sq.ft. The value was Rs 804 per sq.ft in 2017 and Rs 1,200 per sq.ft in 2012.

What is the land classification for this area?

The land classification for Sri Ragavendra Nagar Extn-II to VIII is Commercial Special Type - I, which indicates its intended use and value in the real estate market.

Where can I find the registration office for this area?

The registration office for Sri Ragavendra Nagar Extn-II to VIII is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 12,00,000, the stamp duty at 7% would be Rs 84,000.