Guideline Value

Corporate

Guideline Value for Jegajeevanram Colony 2nd Main Road

₹950/sq.ft.

The guideline value for Jegajeevanram Colony 2nd 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 ₹600 /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 Jegajeevanram Colony 2nd Main Road

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Jegajeevanram Colony 2nd Main Road guideline value

The current guideline value of Jegajeevanram Colony 2nd Main Road is Rs 950 per sq.ft, effective from 1 July 2024. This road 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 2nd Main Road has changed

The guideline value for Jegajeevanram Colony 2nd Main Road has seen several revisions over the years. The 2007 revision set the value at Rs 600 per sq.ft, which increased to Rs 900 per sq.ft in 2012. However, it then decreased to Rs 603 per sq.ft in 2017. The 2023 revision marked a significant increase to Rs 900 per sq.ft, and the latest revision in 2024 has raised it further to Rs 950 per sq.ft. The register has no figures for the years 2002 and 2003 for this street.

In terms of percentage changes, the value increased by 50% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then increased by 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects a 6% increase. Overall, from 2007 to 2024, the guideline value has risen by 58%.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO, with guideline values for 2024 ranging from Rs 850 to Rs 6,500 per sq.ft. The median guideline value for the village is Rs 2,200 per sq.ft, placing the 2024 figure for Jegajeevanram Colony 2nd Main Road below that median.

Stamp duty and registration fee for property in Jegajeevanram Colony 2nd 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, bringing the total fees together to Rs 85,500. Please note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jegajeevanram Colony 2nd Main Road?

The Jegajeevanram Colony 2nd 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, 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 crucial factor when registering property transactions in Selaiyur. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, which are essential for the legal transfer of ownership. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value for Jegajeevanram Colony 2nd Main Road?

The current guideline value for Jegajeevanram Colony 2nd 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 600 per sq.ft in 2007 to Rs 950 per sq.ft in 2024, reflecting an overall increase of 58% over the years.

What are the stamp duty and registration fees for property in Jegajeevanram Colony 2nd Main Road?

For a property valued at Rs 9,50,000, the stamp duty would be Rs 66,500 and the registration fee would be Rs 19,000, totaling Rs 85,500.

Which Sub Registrar Office covers this area?

The Selaiyur Sub Registrar Office covers Jegajeevanram Colony 2nd Main Road, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

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

The land classification for Jegajeevanram Colony 2nd Main Road is Residential Class IV Type - II.