Guideline Value for Gnana Raja Salai
₹950/sq.ft.
The guideline value for Gnana Raja Salai 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 | ₹250 /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]
Records for a plot on Gnana Raja Salai
- 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
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Gnana Raja Salai guideline value
The current guideline value of Gnana Raja Salai is Rs 950 per sq.ft, effective from 1 July 2024. This street is located in Chembakkam village under the Selaiyur SRO and is classified as Residential Class IV Type - I.
How the guideline value of Gnana Raja Salai has changed
The guideline value for Gnana Raja Salai has undergone several revisions over the years. In 2007, the value was Rs 250 per sq.ft, which increased significantly to Rs 900 per sq.ft in 2012, marking a 260% rise. However, in 2017, the value decreased to Rs 603 per sq.ft, reflecting a reduction of 33% from the previous revision. The value then rose to Rs 900 per sq.ft in 2023, and most recently, it has increased to Rs 950 per sq.ft in 2024, which is a 6% increase from the previous year.
Overall, from 2007 to 2024, the guideline value has increased by 280%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.
Guideline values in Chembakkam
In Chembakkam, there are 472 streets under the Selaiyur SRO, with 2024 guideline values ranging from Rs 850 to Rs 6,700 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, indicating that the guideline value of Gnana Raja Salai is below this median.
- Gayathri Nagar Main Road: Rs 2,400 per sq.ft (2024)
- Gayathri Nagar 7th Street: Rs 2,400 per sq.ft (2024)
- Gayathri Nagar 7th Cross Street: Rs 2,700 per sq.ft (2024)
- Gayathri Nagar 6th Street: Rs 2,400 per sq.ft (2024)
- Gayathri Nagar 6th Cross Street: Rs 2,400 per sq.ft (2024)
- Gayathri Nagar 5th Street: Rs 2,400 per sq.ft (2024)
Stamp duty and registration fee for property in Gnana Raja Salai
For a 1,000 sq.ft plot at the current guideline value of Rs 950 per sq.ft, the total guideline value would be Rs 9,50,000. The stamp duty at 7% would amount to Rs 66,500, and the registration fee at 2% would be Rs 19,000, making the total cost for these fees Rs 85,500. 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 Gnana Raja Salai?
The Sub Registrar Office that covers Gnana Raja Salai 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 Chembakkam
The guideline value is an essential factor in the registration process when buying or selling property in Chembakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.
When a property is registered, the guideline value is compared to the sale price, and the duty is charged on the higher of the two. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property being transferred.
Frequently asked questions
What is the current guideline value of Gnana Raja Salai?
The current guideline value of Gnana Raja Salai 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 250 per sq.ft in 2007 to Rs 950 per sq.ft in 2024, reflecting an overall increase of 280% over the years.
What are the stamp duty rates for property in Gnana Raja Salai?
The stamp duty for property in Gnana Raja Salai is charged at 7% of the guideline value or the sale price, whichever is higher.
Where can I find the Sub Registrar Office for Gnana Raja Salai?
The Sub Registrar Office for Gnana Raja Salai is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.
What is the median guideline value in Chembakkam?
The median guideline value for streets in Chembakkam is Rs 2,200 per sq.ft, which is higher than the current guideline value of Gnana Raja Salai.
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