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Guideline Value

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Guideline Value for Jegajeevanram Colony 1st Main Road

₹950/sq.ft.

The guideline value for Jegajeevanram Colony 1st Main Road in Selaiyur 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 - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Selaiyur

Village

Selaiyur

SRO

Residential Class IV Type - II
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 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 Jegajeevanram Colony 1st Main Road

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Jegajeevanram Colony 1st Main Road guideline value

The current guideline value of Jegajeevanram Colony 1st Main Road is Rs 950 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village, under the Selaiyur SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Jegajeevanram Colony 1st Main Road has changed

In the 2012 revision, the guideline value was set at Rs 900 per sq.ft. This was followed by a decrease to Rs 603 per sq.ft in the 2017 revision, marking a decline of 33%. The value then increased significantly to Rs 900 per sq.ft in the 2023 revision, and currently, it stands at Rs 950 per sq.ft after a 6% increase in the 2024 revision.

From 2017 to 2023, the increase was 49%, bringing the value back to Rs 900 per sq.ft. Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a modest increase of 6%.

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. The median guideline value for these streets is Rs 2,200 per sq.ft, which indicates that the guideline value of Jegajeevanram Colony 1st Main Road is below this median.

Stamp duty and registration fee for property in Jegajeevanram Colony 1st Main Road

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 charges Rs 85,500. It is important to note that 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 accurate calculations.

Which Sub Registrar Office covers Jegajeevanram Colony 1st Main Road?

The Jegajeevanram Colony 1st Main Road 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, 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 crucial metric used during the registration of property transactions in Selaiyur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is sold or purchased.

When you register a property, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the correct revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Jegajeevanram Colony 1st Main Road?

The current guideline value of Jegajeevanram Colony 1st Main Road 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 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then back to Rs 900 per sq.ft in 2023, and currently stands at Rs 950 per sq.ft in 2024.

What is the land classification for Jegajeevanram Colony 1st Main Road?

Jegajeevanram Colony 1st Main Road is classified as Residential Class IV Type - II.

Where is the Selaiyur Sub Registrar Office located?

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 Jegajeevanram Colony 1st Main Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 66,500.