Guideline Value

Corporate

Guideline Value for Unnamalai Nagar 2ndStreet

₹1700/sq.ft.

The guideline value for Unnamalai Nagar 2ndstreet in Madambakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 1700 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Madambakkam

Village

Selaiyur

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹1700 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1072 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1600 /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 Unnamalai Nagar 2ndstreet

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Unnamalai Nagar 2ndStreet guideline value

The current guideline value of Unnamalai Nagar 2ndStreet is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village and falls under the Selaiyur SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Unnamalai Nagar 2ndStreet has changed

The guideline value for Unnamalai Nagar 2ndStreet has seen several revisions over the years. The 2012 revision set the value at Rs 1,600 per sq.ft, which decreased to Rs 1,072 per sq.ft in the 2017 revision. However, there was a significant increase in the 2024 revision, bringing the value back up to Rs 1,700 per sq.ft, marking a 59% increase from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 6%.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2023 for this street. The fluctuations between the revisions indicate varying market conditions, with the most notable change occurring between 2017 and 2024.

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 the 2024 value of Unnamalai Nagar 2ndStreet below this median.

Stamp duty and registration fee for property in Unnamalai Nagar 2ndStreet

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total cost to Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Unnamalai Nagar 2ndStreet?

The Sub Registrar Office that covers Unnamalai Nagar 2ndStreet is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, within 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 crucial factor in property transactions in Madambakkam. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees, which are essential for the legal transfer of property ownership. This ensures that the transaction is recorded accurately and transparently in the official records.

Frequently asked questions

What is the current guideline value of Unnamalai Nagar 2ndStreet?

The current guideline value of Unnamalai Nagar 2ndStreet is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2012 to Rs 1,072 per sq.ft in 2017, and then increased to Rs 1,700 per sq.ft in 2024. Overall, there has been a 6% increase from 2012 to 2024.

What are the other streets in Madambakkam with similar guideline values?

Other streets in Madambakkam with the same guideline value of Rs 1,700 per sq.ft in 2024 include Unnamalai Nagar 1st Street, Unnamalai Nagar 3rd Street, Unnamalai Nagar, Unnamalai Nagar Main Road, and Unnamalai Nagar Road.

Where can I find the Sub Registrar Office for Unnamalai Nagar 2ndStreet?

The Sub Registrar Office covering Unnamalai Nagar 2ndStreet is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated for properties in Madambakkam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 17,00,000, the stamp duty at 7% would be Rs 1,19,000.