Guideline Value

Corporate

Guideline Value for IOB Colony 2nd Main Road

₹3500/sq.ft.

The guideline value for Iob Colony 2nd Main Road in Selaiyur village (Selaiyur SRO, Chengalpattu zone) is Rs 3500 per sq.ft, effective 1 July 2024. It was Rs 3300 per sq.ft from 1 April 2023, a 6% change. The land classification is Residential Special Type - Iv. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Selaiyur

Village

Selaiyur

SRO

Residential Special Type - IV
History
Period Guideline Value
From 1-7-2024 ₹3500 /sq.ft.
From 1-4-2023 ₹3300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2211 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3300 /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 Iob Colony 2nd Main Road

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IOB Colony 2nd Main Road guideline value

The current guideline value of IOB Colony 2nd Main Road is Rs 3,500 per sq.ft, effective from 1 July 2024. This road is located in Selaiyur village, under the Selaiyur SRO, and is classified as Residential Special Type - IV.

How the guideline value of IOB Colony 2nd Main Road has changed

The guideline value for IOB Colony 2nd Main Road has undergone several revisions over the years. The earliest available figure is from the 2012 revision, which was Rs 3,300 per sq.ft. This was followed by a decrease to Rs 2,211 per sq.ft in 2017. The value then increased to Rs 3,300 per sq.ft in the 2023 revision, and finally rose to Rs 3,500 per sq.ft in the 2024 revision.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. The change from 2023 to 2024 reflects a 6% increase. Overall, from 2012 to 2024, the guideline value has increased by 6%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 6,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, indicating that IOB Colony 2nd Main Road's 2024 figure is above this median.

Stamp duty and registration fee for property in IOB Colony 2nd Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,500 per sq.ft, the total guideline value would be Rs 35,00,000. The stamp duty at 7% would amount to Rs 2,45,000, and the registration fee at 2% would be Rs 70,000, bringing the total to Rs 3,15,000. It is essential 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 IOB Colony 2nd Main Road?

The Sub Registrar Office that covers IOB Colony 2nd Main Road 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 Selaiyur

The guideline value is a critical factor in property transactions in Selaiyur, as it determines the minimum value at which a property can be registered. When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

It is important for buyers and sellers to be aware of the current guideline value to ensure compliance with registration laws. This value reflects the government's assessment of property worth in the area and is updated periodically to reflect market conditions.

Frequently asked questions

What is the current guideline value of IOB Colony 2nd Main Road?

The current guideline value of IOB Colony 2nd Main Road is Rs 3,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,300 per sq.ft in 2023 to Rs 3,500 per sq.ft in 2024. It was Rs 2,211 per sq.ft in 2017 and Rs 3,300 per sq.ft in 2012.

What is the land classification for IOB Colony 2nd Main Road?

The land classification for IOB Colony 2nd Main Road is Residential Special Type - IV.

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 stamp duty calculated for properties in IOB Colony 2nd Main Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 35,00,000, the stamp duty would be Rs 2,45,000 at 7%.