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Guideline Value

Corporate

Guideline Value for Maha Sakthi Colony 1st Main Road Extn

₹2400/sq.ft.

The guideline value for Maha Sakthi Colony 1st Main Road Extn in Chembakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 2400 per sq.ft, effective 1 July 2024. It was Rs 2200 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Chembakkam

Village

Selaiyur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹2400 /sq.ft.
From 1-4-2023 ₹2200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1474 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2200 /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 Maha Sakthi Colony 1st Main Road Extn

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Maha Sakthi Colony 1st Main Road Extn guideline value

The current guideline value for Maha Sakthi Colony 1st Main Road Extn is Rs 2,400 per sq.ft, effective from 1 July 2024. This area is located in Chembakkam village and falls under the Selaiyur SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Maha Sakthi Colony 1st Main Road Extn has changed

The guideline value for Maha Sakthi Colony 1st Main Road Extn has seen several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 2,200 per sq.ft. This was followed by a decrease in 2017 to Rs 1,474 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 2,200 per sq.ft in 2023, and further rose to Rs 2,400 per sq.ft in the 2024 revision, reflecting a 9% increase from the previous year. There are no recorded figures for the revisions in 2002, 2003, and 2007 for this street.

From 2017 to 2023, there was a substantial increase of 49%, bringing the value back to Rs 2,200 per sq.ft. Overall, from 2012 to 2024, the guideline value has increased by 9%, demonstrating fluctuations in the valuation over time.

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 850 to Rs 6,700 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for Maha Sakthi Colony 1st Main Road Extn is above this median.

Stamp duty and registration fee for property in Maha Sakthi Colony 1st Main Road Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total fees to Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more precise calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Maha Sakthi Colony 1st Main Road Extn?

The Maha Sakthi Colony 1st Main Road Extn is covered by 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 Chembakkam

The guideline value is a crucial factor in the registration process of property transactions in Chembakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately in the official records.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for legal ownership transfer. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher, to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value for Maha Sakthi Colony 1st Main Road Extn?

The current guideline value for Maha Sakthi Colony 1st Main Road Extn is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, then back to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,400 per sq.ft in 2024.

What is the land classification for Maha Sakthi Colony 1st Main Road Extn?

The land classification for Maha Sakthi Colony 1st Main Road Extn is Residential Special Type - I.

What are the registration fees for property in this area?

For a property valued at Rs 24,00,000, the stamp duty is Rs 1,68,000 and the registration fee is Rs 48,000, totaling Rs 2,16,000.

Which office handles property registrations for Maha Sakthi Colony 1st Main Road Extn?

The Selaiyur Sub Registrar Office handles property registrations for Maha Sakthi Colony 1st Main Road Extn, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.