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Guideline Value

Corporate

Guideline Value for Maha Sakthi Colony (Gandhi Street)

₹2400/sq.ft.

The guideline value for Maha Sakthi Colony (gandhi Street) 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 ₹750 /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 Maha Sakthi Colony (gandhi Street)

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Maha Sakthi Colony (Gandhi Street) guideline value

The current guideline value of Maha Sakthi Colony (Gandhi Street) is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Chembakkam village under the Selaiyur SRO, and the land classification is Residential Special Type - I.

How the guideline value of Maha Sakthi Colony (Gandhi Street) has changed

The guideline value has undergone several revisions since 2007. In the 2007 revision, the value was Rs 750 per sq.ft, which increased significantly to Rs 2,200 per sq.ft in 2012. However, this figure saw a decline of 33% in the 2017 revision, dropping to Rs 1,474 per sq.ft. From 2017 to 2023, the value rose by 49% to reach Rs 2,200 per sq.ft, and the most recent revision in 2024 has set the value at Rs 2,400 per sq.ft, marking a 9% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 220%.

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. The median value for these streets is Rs 2,200 per sq.ft, which means that the guideline value of Maha Sakthi Colony (Gandhi Street) is above this median.

Stamp duty and registration fee for property in Maha Sakthi Colony (Gandhi Street)

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 amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total to Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Maha Sakthi Colony (Gandhi Street)?

The Sub Registrar Office that covers Maha Sakthi Colony (Gandhi Street) 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 Chembakkam

The guideline value is a crucial factor when buying or selling property in Chembakkam, as it determines the minimum price at which a property can be registered. This value is used by the registration department to calculate the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must ensure that the sale price is at least equal to the guideline value to avoid any legal issues during registration. If the sale price is higher than the guideline value, the duty will be charged on the sale price instead.

Frequently asked questions

What is the current guideline value of Maha Sakthi Colony (Gandhi Street)?

The current guideline value of Maha Sakthi Colony (Gandhi Street) 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 750 per sq.ft in 2007 to Rs 2,400 per sq.ft in 2024, marking an overall increase of 220% over the years.

What is the land classification for Maha Sakthi Colony (Gandhi Street)?

The land classification for Maha Sakthi Colony (Gandhi Street) is Residential Special Type - I.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the guideline value or sale price. For example, a 1,000 sq.ft plot would incur a total of Rs 2,16,000 in fees.

Which Sub Registrar Office covers Maha Sakthi Colony (Gandhi Street)?

The Selaiyur Sub Registrar Office covers Maha Sakthi Colony (Gandhi Street), located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Chennai - 600 073.