Guideline Value

Corporate

Guideline Value for Kalamegam Street Extn

₹4400/sq.ft.

The guideline value for Kalamegam Street Extn 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]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Kalamegam Street Extn

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Kalamegam Street Extn guideline value

The current guideline value of Kalamegam Street Extn is Rs 4,400 per sq.ft, effective from 1 July 2024. 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 Kalamegam Street Extn has changed

Over the years, the guideline value for Kalamegam Street Extn has seen several revisions. The 2012 revision set the value at Rs 4,000 per sq.ft, which then decreased to Rs 2,680 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back up to Rs 4,000 per sq.ft. The latest revision in 2024 raised the guideline value to Rs 4,400 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

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 value for these streets is Rs 2,200 per sq.ft, which means that the 2024 guideline value of Kalamegam Street Extn is above this median.

Stamp duty and registration fee for property in Kalamegam Street Extn

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the 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, totaling Rs 3,96,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Kalamegam Street Extn?

The Sub Registrar Office that covers Kalamegam Street Extn 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

When buying or selling property in Selaiyur, the guideline value is a crucial factor that determines the stamp duty and registration fees. The value is set by the government and is used to assess the taxes applicable during the registration process.

It is essential for buyers and sellers to be aware of the guideline value as it ensures transparency in property transactions. This value helps in avoiding disputes related to property prices and ensures that the correct amount of tax is paid during the registration of the property.

Frequently asked questions

What is the current guideline value of Kalamegam Street Extn?

The current guideline value of Kalamegam Street Extn 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 are the other streets with guideline values in Selaiyur?

Other streets in Selaiyur include Kalamegam Street at Rs 4,400 per sq.ft, Kalaivani Street at Rs 950 per sq.ft, Kalidaser Street at Rs 2,200 per sq.ft, Kalainjar Street at Rs 950 per sq.ft, Kalpana Nagar at Rs 950 per sq.ft, and Kamarajar Street at Rs 2,200 per sq.ft.

What is the stamp duty for property in Kalamegam Street Extn?

The stamp duty for a property in Kalamegam Street Extn is calculated at 7% of the guideline value. For example, a plot valued at Rs 44,00,000 would incur a stamp duty of Rs 3,08,000.

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.