Guideline Value

Corporate

Guideline Value for Durga Colony

₹1400/sq.ft.

The guideline value for Durga Colony in Gowrivakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 1400 per sq.ft, effective 1 July 2024. It was Rs 1300 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Gowrivakkam

Village

Selaiyur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1400 /sq.ft.
From 1-4-2023 ₹1300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹871 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1300 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
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 Durga Colony

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Durga Colony guideline value

The current guideline value of Durga Colony is Rs 1,400 per sq.ft, effective from 1 July 2024. This locality is situated in Gowrivakkam village under the Selaiyur SRO, classified as Residential Class I Type - I.

How the guideline value of Durga Colony has changed

The guideline value for Durga Colony has seen several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased significantly to Rs 1,300 per sq.ft in 2012, marking a rise of 550%. However, from 2012 to 2017, the value decreased to Rs 871 per sq.ft, a drop of 33%. The subsequent revisions saw a substantial increase, with the value rising to Rs 1,300 per sq.ft in 2023, and then to Rs 1,400 per sq.ft in 2024, reflecting an 8% increase.

From 2017 to 2023, the guideline value increased by 49%, culminating in an overall increase of 600% from the 2007 figure to the current 2024 value. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Gowrivakkam

In Gowrivakkam, there are 130 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 840 to Rs 3,750 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of Durga Colony is below this median.

Stamp duty and registration fee for property in Durga Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value would be Rs 14,00,000. The stamp duty at 7% would amount to Rs 98,000, and the registration fee at 2% would be Rs 28,000, bringing the total to Rs 1,26,000. 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 Durga Colony?

The Sub Registrar Office that covers Durga Colony 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 Gowrivakkam

The guideline value is a crucial factor when buying or selling property in Gowrivakkam, as it determines the stamp duty and registration fees applicable during the transaction. It serves as a benchmark for the minimum value at which a property can be registered, ensuring that the government receives the appropriate revenue from property transactions.

When a buyer or seller engages in a property transaction, the guideline value is compared to the sale price. The higher of the two values is used to calculate the stamp duty and registration fees, ensuring compliance with legal requirements and accurate financial planning.

Frequently asked questions

What is the current guideline value of Durga Colony?

The current guideline value of Durga Colony is Rs 1,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 200 per sq.ft in 2007 to Rs 1,400 per sq.ft in 2024, which is an overall increase of 600%.

What is the land classification of Durga Colony?

Durga Colony is classified as Residential Class I Type - I, indicating its suitability for residential development.

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 is the stamp duty calculated for properties in Durga Colony?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 14,00,000 would incur a stamp duty of Rs 98,000 at a rate of 7%.