Guideline Value

Corporate

Guideline Value for COLOR FORTUNA

₹2100/sq.ft.

The guideline value for Color Fortuna in Arasankalani village (Selaiyur SRO, Chengalpattu zone) is Rs 2100 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 5% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Arasankalani

Village

Selaiyur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2100 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /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 Color Fortuna

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Color Fortuna guideline value

The current guideline value of Color Fortuna in Arasankalani village is Rs 2,100 per sq.ft, effective from 1 July 2024. This area falls under the Selaiyur SRO and is classified as Residential Class I Type - I.

How the guideline value of Color Fortuna has changed

The guideline value for Color Fortuna has undergone several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in the 2017 revision. This was a decrease of 33%. Following this, the 2023 revision increased the value to Rs 2,000 per sq.ft, and the latest 2024 revision has set it at Rs 2,100 per sq.ft, representing a 5% increase from the previous year.

In summary, from 2012 to 2024, the overall change in the guideline value is an increase of 5%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Arasankalani

In Arasankalani, there are 85 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 1,300 to Rs 4,750 per sq.ft. The median guideline value for these streets is Rs 2,100 per sq.ft, which is equal to the current value of Color Fortuna.

Stamp duty and registration fee for property in Color Fortuna

For a 1,000 sq.ft plot at the current guideline value of Rs 2,100 per sq.ft, the total guideline value amounts to Rs 21,00,000. The stamp duty at 7% would be Rs 1,47,000, and the registration fee at 2% would be Rs 42,000, totaling Rs 1,89,000. 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 further calculations.

Which Sub Registrar Office covers Color Fortuna?

The Sub Registrar Office that covers Color Fortuna 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 Arasankalani

The guideline value is a crucial factor in property transactions in Arasankalani, as it determines the minimum value at which a property can be registered. Buyers and sellers must be aware of this value to ensure compliance with local regulations and to calculate the associated fees accurately.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are necessary for the legal transfer of ownership. It is essential to check the latest guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Color Fortuna?

The current guideline value of Color Fortuna is Rs 2,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then back to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,100 per sq.ft in 2024.

What is the land classification for Color Fortuna?

Color Fortuna is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

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.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2% of the same. For example, for a property valued at Rs 21,00,000, the total fees would amount to Rs 1,89,000.