Guideline Value for Airport Colony
₹950/sq.ft.
The guideline value for Airport Colony in Chembakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 950 per sq.ft, effective 1 July 2024. It was Rs 900 per sq.ft from 1 April 2023, a 6% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Chembakkam
Village
Selaiyur
SRO
Residential Class IV Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹950 /sq.ft. |
| From 1-4-2023 | ₹900 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹603 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹900 /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]
Records for a plot on Airport Colony
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Selaiyur sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
Need Complete Property Verification?
Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place
Airport Colony guideline value
The current guideline value of Airport Colony in Chembakkam village is Rs 950 per sq.ft, effective from 1 July 2024. This area falls under the Selaiyur SRO and is classified as Residential Class IV Type - I.
How the guideline value of Airport Colony has changed
The guideline value for Airport Colony has undergone several revisions over the years. In 2012, the guideline value was Rs 900 per sq.ft, which decreased to Rs 603 per sq.ft in 2017. Following this, the value increased significantly to Rs 900 per sq.ft in 2023, and currently stands at Rs 950 per sq.ft as of the 2024 revision.
From 2017 to 2023, there was a notable increase of 49%. The change from 2023 to 2024 reflects a 6% increase. Overall, comparing the 2012 and 2024 figures, there has been a slight increase of 6% in the guideline value.
Guideline values in Chembakkam
In Chembakkam, there are 472 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 6,700 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Airport Colony's 2024 figure below that median.
- Airport Colony Extension: Rs 6,700 per sq.ft (2024)
- Airport Exployee Colony 1st Street: Rs 950 per sq.ft (2024)
- Airport Exployee Colony 2nd Street: Rs 950 per sq.ft (2024)
- Agasthiar Street: Rs 950 per sq.ft (2024)
- Adhi Parnthamanar Street: Rs 850 per sq.ft (2024)
- Ambal Nagar: Rs 1,100 per sq.ft (2024)
Stamp duty and registration fee for property in Airport Colony
For a 1,000 sq.ft plot at the current guideline value of Rs 950 per sq.ft, the total guideline value amounts to Rs 9,50,000. The stamp duty at 7% would be Rs 66,500, and the registration fee at 2% would be Rs 19,000, bringing the total fees to Rs 85,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.
For more details, you can use the stamp duty and registration fee calculator.
Which Sub Registrar Office covers Airport Colony?
The Airport Colony 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, 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 Chembakkam
The guideline value plays a crucial role during the registration of property transactions in Chembakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are consistent and transparent.
When buying or selling property, the guideline value is used to determine the minimum value on which the stamp duty is calculated. This helps in standardizing property transactions and provides a clear framework for buyers and sellers alike.
Frequently asked questions
What is the current guideline value of Airport Colony?
The current guideline value of Airport Colony is Rs 950 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 900 per sq.ft in 2023, and is now Rs 950 per sq.ft in 2024.
What are the other streets in Chembakkam with their guideline values?
Other streets in Chembakkam include Airport Colony Extension at Rs 6,700 per sq.ft, Airport Exployee Colony 1st Street at Rs 950 per sq.ft, and several others, with values ranging from Rs 850 to Rs 6,700 per sq.ft.
How is the stamp duty calculated in Airport Colony?
Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, on a property valued at Rs 9,50,000, the stamp duty at 7% would be Rs 66,500.
Where is the Sub Registrar Office for Airport Colony located?
The Selaiyur Sub Registrar Office, which covers Airport Colony, is located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.
Ask the records, or walk the map.
LandLens One answers from Tamil Nadu land law itself, cited to the page, then acts on the registers. One Map lights them up on the parcel. Your history stays in one place across both.
YOU APPROVE ANY SPEND
A customer has just used our Building Plan Approval Services
1 hour ago
