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Guideline Value

Corporate

Guideline Value for CHENGUNDRUM SENTHIL VELAVAN NAGAR PART II

₹715/sq.ft.

The guideline value for Chengundrum Senthil Velavan Nagar Part Ii in Melsingilimedu village (Thiruvottiyur SRO, Chennai zone) is Rs 715 per sq.ft, effective 1 July 2024. It was Rs 650 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Melsingilimedu

Village

Thiruvottiyur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹715 /sq.ft.
From 1-4-2023 ₹650 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹435 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹650 /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)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Chengundrum Senthil Velavan Nagar Part Ii

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Chengundrum Senthil Velavan Nagar Part II guideline value

The current guideline value of Chengundrum Senthil Velavan Nagar Part II is Rs 715 per sq.ft, effective from 1 July 2024. This area is located in Melsingilimedu village under the Thiruvottiyur SRO, and the land classification is Residential Special Type - I.

How the guideline value of Chengundrum Senthil Velavan Nagar Part II has changed

Over the years, the guideline value of Chengundrum Senthil Velavan Nagar Part II has seen several revisions. The 2012 revision set the value at Rs 650 per sq.ft, which changed to Rs 435 per sq.ft in 2017. This was a decrease of 33%. The value then increased significantly to Rs 650 per sq.ft in 2023, and further rose to Rs 715 per sq.ft in 2024, marking a 10% increase from the previous year. Overall, from 2012 to 2024, the guideline value increased by 10%.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. The 2023 revision saw a notable increase of 49% from the 2017 value, reflecting a substantial change in the guideline value over the past few years.

Guideline values in Melsingilimedu

In Melsingilimedu, there are 14 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 880 per sq.ft. The median guideline value for these streets is Rs 330 per sq.ft, placing Chengundrum Senthil Velavan Nagar Part II above this median.

Stamp duty and registration fee for property in Chengundrum Senthil Velavan Nagar Part II

For a 1,000 sq.ft plot at the current guideline value of Rs 715 per sq.ft, the total guideline value would be Rs 7,15,000. The stamp duty at 7% would amount to Rs 50,050, and the registration fee at 2% would be Rs 14,300, bringing the total cost for these fees to Rs 64,350. It is important to note that 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 Chengundrum Senthil Velavan Nagar Part II?

The Chengundrum Senthil Velavan Nagar Part II area is covered by the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Melsingilimedu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When buying or selling property, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for both the buyer and seller. It also aids in maintaining transparency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Chengundrum Senthil Velavan Nagar Part II?

The current guideline value of Chengundrum Senthil Velavan Nagar Part II is Rs 715 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 650 per sq.ft in 2012 to Rs 435 per sq.ft in 2017, then increased to Rs 650 per sq.ft in 2023, and finally to Rs 715 per sq.ft in 2024.

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

For a property valued at Rs 7,15,000, the stamp duty would be Rs 50,050 and the registration fee would be Rs 14,300, totaling Rs 64,350 for these fees.

Which office handles the registration for this area?

The Thiruvottiyur Sub Registrar Office handles the registration for Chengundrum Senthil Velavan Nagar Part II, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What is the land classification for Chengundrum Senthil Velavan Nagar Part II?

The land classification for Chengundrum Senthil Velavan Nagar Part II is Residential Special Type - I, indicating its designated use for residential purposes.