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Guideline Value

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Guideline Value for Maha Sakthi Colony 2nd Main Road Extn

₹2400/sq.ft.

The guideline value for Maha Sakthi Colony 2nd 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 2nd Main Road Extn

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Maha Sakthi Colony 2nd Main Road Extn guideline value

The current guideline value of Maha Sakthi Colony 2nd Main Road Extn is Rs 2,400 per sq.ft, effective from 1 July 2024. This property is located in Chembakkam village, under the Selaiyur SRO, and is classified as Residential Special Type - I.

How the guideline value of Maha Sakthi Colony 2nd Main Road Extn has changed

The guideline value for Maha Sakthi Colony 2nd Main Road Extn has undergone several revisions over the years. The 2012 revision set the value at Rs 2,200 per sq.ft, which was then reduced to Rs 1,474 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,200 per sq.ft, and the current 2024 revision has further raised it to Rs 2,400 per sq.ft.

Between the revisions, there have been notable changes. From 2017 to 2023, the guideline value increased by 49%. However, from 2012 to 2017, there was a decrease of 33%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 9%.

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 6,700 per sq.ft. The median guideline value in the village is Rs 2,200 per sq.ft, placing the 2024 figure for Maha Sakthi Colony 2nd Main Road Extn above this median.

Stamp duty and registration fee for property in Maha Sakthi Colony 2nd 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 would be 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.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Maha Sakthi Colony 2nd Main Road Extn?

The Maha Sakthi Colony 2nd Main Road Extn 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 Chembakkam

The guideline value is a crucial factor in the registration process when buying or selling property in Chembakkam. It serves as a benchmark for determining the stamp duty and registration fees payable during the transaction.

When registering a property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Maha Sakthi Colony 2nd Main Road Extn?

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

What was the guideline value in previous years?

The guideline value for Maha Sakthi Colony 2nd Main Road Extn was Rs 2,200 per sq.ft in 2023, Rs 1,474 per sq.ft in 2017, and Rs 2,200 per sq.ft in 2012.

How much has the guideline value changed recently?

From 2023 to 2024, the guideline value increased by 9%. From 2017 to 2023, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 9%.

What is the stamp duty rate in Tamil Nadu?

The stamp duty rate in Tamil Nadu is 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2% applicable.

Which office handles property registrations for Maha Sakthi Colony 2nd Main Road Extn?

The Selaiyur Sub Registrar Office handles property registrations for Maha Sakthi Colony 2nd Main Road Extn. The office is located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.