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Guideline Value

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Guideline Value for Thambaiya Reddy Colony 3rd Street

₹1600/sq.ft.

The guideline value for Thambaiya Reddy Colony 3rd Street in Madambakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 1600 per sq.ft, effective 1 July 2024. 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 N/A
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]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Thambaiya Reddy Colony 3rd Street

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Thambaiya Reddy Colony 3rd Street guideline value

The current guideline value of Thambaiya Reddy Colony 3rd Street is Rs 1,600 per sq.ft. This street is located in Madambakkam village, under the Selaiyur SRO, and falls under Residential Class II Type - I land classification.

How the guideline value of Thambaiya Reddy Colony 3rd Street has changed

The guideline value for Thambaiya Reddy Colony 3rd Street was last revised in 2024, where it was set at Rs 1,600 per sq.ft. Prior to this, the 2012 revision recorded a guideline value of Rs 1,500 per sq.ft, marking a 7% increase from 2012 to 2024.

There are no recorded figures for the revisions in 2023, 2017, 2007, 2003, and 2002 for this street. Thus, the only changes noted are from the 2012 revision to the current 2024 figure.

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 guideline value is Rs 2,400 per sq.ft, placing Thambaiya Reddy Colony 3rd Street's 2024 figure below this median.

Stamp duty and registration fee for property in Thambaiya Reddy Colony 3rd Street

For a 1,000 sq.ft plot at the current rate, the 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.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Thambaiya Reddy Colony 3rd Street?

The Sub Registrar Office that covers Thambaiya Reddy Colony 3rd Street 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.

To find your SRO, you can visit find your SRO.

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 stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the stamp duty. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Thambaiya Reddy Colony 3rd Street?

The current guideline value for Thambaiya Reddy Colony 3rd 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 increased from Rs 1,500 per sq.ft in 2012 to Rs 1,600 per sq.ft in 2024, marking a 7% increase. There are no recorded figures for the revisions in 2023, 2017, 2007, 2003, and 2002 for this street.

What are the guideline values for other streets in Madambakkam?

Other streets in Madambakkam under the Selaiyur SRO have guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value in the village is Rs 2,400 per sq.ft.

What is the stamp duty rate for properties in Thambaiya Reddy Colony 3rd Street?

The stamp duty rate for properties in Thambaiya Reddy Colony 3rd Street is 7% of the guideline value or the sale price, whichever is higher. This is part of the registration process when buying or selling property.

Where can I find the Sub Registrar Office for Thambaiya Reddy Colony 3rd Street?

The Sub Registrar Office covering Thambaiya Reddy Colony 3rd Street is located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073. You can also find your SRO online.