Guideline Value for I.A.F Road Sakthi Avenue
₹4400/sq.ft.
The guideline value for I.a.f Road Sakthi Avenue in Selaiyur village (Selaiyur SRO, Chengalpattu zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Selaiyur
Village
Selaiyur
SRO
Commercial Class I Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹4400 /sq.ft. |
| From 1-4-2023 | ₹4000 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹2680 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹4000 /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 I.a.f Road Sakthi Avenue
- 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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I.A.F Road Sakthi Avenue guideline value
The current guideline value of I.A.F Road Sakthi Avenue is Rs 4,400 per sq.ft. This street is located in Selaiyur village, under the Selaiyur SRO, and is classified as Commercial Class I Type - I.
How the guideline value of I.A.F Road Sakthi Avenue has changed
The guideline value for I.A.F Road Sakthi Avenue has undergone several revisions over the years. The earliest revision available is from 2012, which set the value at Rs 4,000 per sq.ft. This was followed by a decrease to Rs 2,680 per sq.ft in 2017. In 2023, the value increased to Rs 4,000 per sq.ft, and the most recent revision in 2024 raised it to Rs 4,400 per sq.ft, marking a 10% increase from the previous year.
From 2017 to 2023, the guideline value saw a significant increase of 49%. Overall, comparing the figures from 2012 to 2024, there has been a 10% increase. The register does not have figures for the years 2002, 2003, and 2007 for this street.
Guideline values in Selaiyur
In Selaiyur, there are 478 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 6,500 per sq.ft as of 2024. The median value for these streets is Rs 2,200 per sq.ft, placing I.A.F Road Sakthi Avenue above this median.
- I.A.F Road Arunachalam Street: Rs 4,400 per sq.ft (2024)
- I.A.F Road: Rs 4,400 per sq.ft (2024)
- Housing Board Quarters: Rs 950 per sq.ft (2024)
- Immanuel Street: Rs 950 per sq.ft (2024)
- Indian Bank Colony 1st Street: Rs 1,600 per sq.ft (2024)
- Indira Nagar: Rs 1,900 per sq.ft (2024)
Stamp duty and registration fee for property in I.A.F Road Sakthi Avenue
For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.
You can use our stamp duty and registration fee calculator for more information on fees applicable to your property transaction.
Which Sub Registrar Office covers I.A.F Road Sakthi Avenue?
The I.A.F Road Sakthi Avenue falls under 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 further assistance.
How the guideline value is used when you buy or sell in Selaiyur
The guideline value is a critical factor when registering property transactions in Selaiyur. It serves as a benchmark for determining the stamp duty and registration fees that are payable during the registration process.
When buying or selling property, the guideline value is used to calculate the applicable fees, ensuring that both parties are aware of the financial obligations involved in the transaction. It is essential to verify the current guideline value before proceeding with any property dealings.
Frequently asked questions
What is the current guideline value of I.A.F Road Sakthi Avenue?
The current guideline value of I.A.F Road Sakthi Avenue is Rs 4,400 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has changed from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then back to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,400 per sq.ft in 2024.
What is the land classification for I.A.F Road Sakthi Avenue?
I.A.F Road Sakthi Avenue is classified as Commercial Class I Type - I according to the local regulations.
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 Selaiyur?
Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 at a rate of 7%.
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