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Guideline Value

Corporate

Guideline Value for Yashwanth Nagar -Padmavathy Nagar Link Road

₹2750/sq.ft.

The guideline value for Yashwanth Nagar -padmavathy Nagar Link Road in Madambakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 2750 per sq.ft, effective 1 July 2024. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Madambakkam

Village

Selaiyur

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /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 ₹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 Yashwanth Nagar -padmavathy Nagar Link Road

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Yashwanth Nagar -Padmavathy Nagar Link Road guideline value

The current guideline value for Yashwanth Nagar -Padmavathy Nagar Link Road is Rs 2,750 per sq.ft, effective from 1 July 2024. This road is located in Madambakkam village, under the Selaiyur SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Yashwanth Nagar -Padmavathy Nagar Link Road has changed

In the 2012 revision, the guideline value was Rs 2,500 per sq.ft. The 2024 revision has increased this value to Rs 2,750 per sq.ft, marking a change of +10% from the previous figure. Notably, the register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

Thus, the only revisions with figures are from 2012 and 2024, with the latter reflecting a significant increase in the guideline value. The 2024 figure is now set at Rs 2,750 per sq.ft, which indicates the current market conditions 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 the village is Rs 2,400 per sq.ft, placing Yashwanth Nagar -Padmavathy Nagar Link Road above this median.

Stamp duty and registration fee for property in Yashwanth Nagar -Padmavathy Nagar Link Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total cost together to Rs 2,47,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Yashwanth Nagar -Padmavathy Nagar Link Road?

The Yashwanth Nagar -Padmavathy Nagar Link Road is covered by 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 information.

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

The guideline value is a crucial factor during the registration of property transactions in Madambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a property is registered, the guideline value is used to assess the applicable charges, ensuring that the transaction is recorded accurately. This process helps in maintaining transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value for Yashwanth Nagar -Padmavathy Nagar Link Road?

The current guideline value for Yashwanth Nagar -Padmavathy Nagar Link Road is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 2,500 per sq.ft in 2012 to Rs 2,750 per sq.ft in 2024, reflecting a +10% increase. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the classification of Yashwanth Nagar -Padmavathy Nagar Link Road?

Yashwanth Nagar -Padmavathy Nagar Link Road is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total cost of Rs 2,47,500 in fees.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073. You can find more information through the provided link.