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Guideline Value

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Guideline Value for Thambaiya Reddy Colony Main Road

₹1600/sq.ft.

The guideline value for Thambaiya Reddy Colony Main Road 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 Main Road

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Thambaiya Reddy Colony Main Road guideline value

The current guideline value of Thambaiya Reddy Colony Main Road is Rs 1,600 per sq.ft, effective from 1 July 2024. This road is located in Madambakkam village under the Selaiyur SRO, classified as Residential Class II Type - I.

How the guideline value of Thambaiya Reddy Colony Main Road has changed

The guideline value for Thambaiya Reddy Colony Main Road has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,600 per sq.ft, an increase from the 2012 revision which was Rs 1,500 per sq.ft. This represents a change of +7% from 2012 to 2024. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002.

In summary, the only revisions with figures are from 2012 and 2024, with the 2024 figure reflecting the latest update. The guideline value has remained stable at Rs 1,600 per sq.ft since 2024, aligning with other streets in the area.

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 for these streets is Rs 2,400 per sq.ft, placing Thambaiya Reddy Colony Main Road below this median value.

Stamp duty and registration fee for property in Thambaiya Reddy Colony Main Road

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 fees to Rs 1,44,000. Note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thambaiya Reddy Colony Main Road?

The Sub Registrar Office that covers Thambaiya Reddy Colony Main Road 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 is a crucial factor when registering property transactions in Madambakkam. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the transaction is recorded at a fair price.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees, which are essential components of the registration process. Buyers and sellers must be aware of these values to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Thambaiya Reddy Colony Main Road?

The current guideline value of Thambaiya Reddy Colony Main Road 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 changed 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 figures available for the years 2023, 2017, 2007, 2003, and 2002.

What is the median guideline value in Madambakkam?

The median guideline value for streets in Madambakkam is Rs 2,400 per sq.ft. Thambaiya Reddy Colony Main Road's guideline value is below this median.

What are the stamp duty and registration fees for properties in Thambaiya Reddy Colony Main Road?

For a 1,000 sq.ft plot, the total guideline value is Rs 16,00,000. The stamp duty at 7% is Rs 1,12,000, and the registration fee at 2% is Rs 32,000, totaling Rs 1,44,000.

Which office handles property registrations for Thambaiya Reddy Colony Main Road?

The Selaiyur Sub Registrar Office handles property registrations for Thambaiya Reddy Colony Main Road, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.