Guideline Value

Corporate

Guideline Value for Sri Sai Ram Nagar

₹2650/sq.ft.

The guideline value for Sri Sai Ram Nagar in Madambakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 2650 per sq.ft, effective 1 July 2024. It was Rs 1675 per sq.ft from 1 April 2023, a 58% change. The land classification is Commercial Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Madambakkam

Village

Selaiyur

SRO

Commercial Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹2650 /sq.ft.
From 1-4-2023 ₹1675 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /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 Sai Ram Nagar

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Sri Sai Ram Nagar guideline value

The current guideline value of Sri Sai Ram Nagar, located in Madambakkam village under the Selaiyur SRO, is Rs 2,650 per sq.ft, effective from 1 July 2024. This area is classified as Commercial Class I Type - III.

How the guideline value of Sri Sai Ram Nagar has changed

The guideline value for Sri Sai Ram Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,650 per sq.ft, a significant increase from the 2023 figure of Rs 1,675 per sq.ft. This represents a change of +58%. Prior to that, the 2017 revision also recorded the value at Rs 1,675 per sq.ft, showing no change from the previous year.

Looking further back, the 2012 revision had a guideline value of Rs 2,500 per sq.ft, which was a decrease of -33% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by +6%. The register does not provide figures for the years 2002, 2003, and 2007 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. The median value for these streets is Rs 2,400 per sq.ft, placing Sri Sai Ram Nagar's 2024 figure above that median.

Stamp duty and registration fee for property in Sri Sai Ram Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,650 per sq.ft, the total guideline value would be Rs 26,50,000. The stamp duty at 7% would amount to Rs 1,85,500, and the registration fee at 2% would be Rs 53,000, totaling Rs 2,38,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Sai Ram Nagar?

The Sub Registrar Office that covers Sri Sai Ram 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 information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Madambakkam. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the stamp duty. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of Sri Sai Ram Nagar?

The current guideline value of Sri Sai Ram Nagar is Rs 2,650 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 increase from Rs 1,675 per sq.ft in 2023 to Rs 2,650 per sq.ft in 2024, marking a +58% increase. The value remained unchanged from 2017 to 2023.

What is the land classification of Sri Sai Ram Nagar?

Sri Sai Ram Nagar is classified as Commercial Class I Type - III, indicating its suitability for commercial activities.

Where is the Sub Registrar Office for Sri Sai Ram Nagar 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.

How is stamp duty calculated for properties in Sri Sai Ram Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,85,500.