Guideline Value

Corporate

Guideline Value for Unnamalai Nagar

₹1700/sq.ft.

The guideline value for Unnamalai Nagar 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

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Unnamalai Nagar guideline value

The current guideline value of Unnamalai Nagar is Rs 1,700 per sq.ft, effective from 1 July 2024. This area is located in Madambakkam village under the Selaiyur SRO, classified as Residential Class I Type - II.

How the guideline value of Unnamalai Nagar has changed

In the 2012 revision, the guideline value was set at Rs 1,600 per sq.ft. This figure saw a decrease in the 2017 revision, dropping to Rs 1,072 per sq.ft, which represents a decline of 33%. However, the most recent 2024 revision has increased the guideline value to Rs 1,700 per sq.ft, marking a significant rise of 59% from the 2017 figure.

Overall, comparing the 2012 and 2024 revisions, there has been a slight increase of 6% in the guideline value. It is important to note that for the years 2023, 2007, 2003, and 2002, the register has no figure 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 guideline value for these streets is Rs 2,400 per sq.ft, placing Unnamalai Nagar's 2024 figure below this median.

Stamp duty and registration fee for property in Unnamalai Nagar

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 to Rs 1,53,000. 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 details.

Which Sub Registrar Office covers Unnamalai Nagar?

The Sub Registrar Office that covers Unnamalai 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 is a crucial factor when buying or selling property in Madambakkam, as it determines the minimum value at which a property can be registered. This value is used by the registration office to calculate the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately in accordance with government regulations.

When a property is sold, the guideline value serves as a benchmark for both the buyer and seller. It helps in understanding the legal obligations regarding taxes and fees that must be paid during the registration process, thereby facilitating a smoother transaction.

Frequently asked questions

What is the current guideline value of Unnamalai Nagar?

The current guideline value of Unnamalai Nagar 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 seen various changes, with the 2012 revision at Rs 1,600 per sq.ft, a decrease to Rs 1,072 per sq.ft in 2017, and an increase back to Rs 1,700 per sq.ft in 2024.

What is the median guideline value for streets in Madambakkam?

The median guideline value for streets in Madambakkam is Rs 2,400 per sq.ft, with Unnamalai Nagar's 2024 figure being below this median.

What are the stamp duty rates for property in Unnamalai Nagar?

The stamp duty rate for property in Unnamalai Nagar is 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000.

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

The Sub Registrar Office for Unnamalai Nagar is located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073. You can find more information about your SRO online.