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Guideline Value

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Guideline Value for Maha Sakthi Colony (Kakkan Street)

₹2400/sq.ft.

The guideline value for Maha Sakthi Colony (kakkan 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 (kakkan Street)

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Maha Sakthi Colony (Kakkan Street) guideline value

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

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

The guideline value for Maha Sakthi Colony (Kakkan Street) has seen several revisions over the years. In 2007, the value was Rs 750 per sq.ft, which increased significantly to Rs 2,200 per sq.ft in 2012, marking a 193% rise. However, it then decreased to Rs 1,474 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 2,200 per sq.ft in 2023, and currently stands at Rs 2,400 per sq.ft from the 2024 revision, reflecting a 9% increase from the previous year.

Between the revisions, the most notable change is the overall increase from Rs 750 per sq.ft in 2007 to Rs 2,400 per sq.ft in 2024, which is a substantial 220% rise. The register has no figures for the years 2002 and 2003 for this street.

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 value is Rs 2,200 per sq.ft, positioning the 2024 guideline value of Rs 2,400 per sq.ft for Maha Sakthi Colony (Kakkan Street) above this median.

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

For a 1,000 sq.ft plot at the current rate of Rs 2,400 per sq.ft, the 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, totaling Rs 2,16,000. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers Maha Sakthi Colony (Kakkan 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 value on which stamp duty and registration fees are calculated. Buyers must pay these fees based on the higher of the guideline value or the actual sale price of the property.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. It is important for both buyers and sellers to be aware of the current guideline values to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of Maha Sakthi Colony (Kakkan 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 several times, 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 are the other streets in Chembakkam with the same guideline value?

Other streets in Chembakkam with the same guideline value of Rs 2,400 per sq.ft include Maha Sakthi Colony (Gandhi Street), Maha Sakthi Colony Main Road Extn, MahaSakthi Colony-Eswaran Koil Street, Maha Sakthi Colony (Thiruvalluvar Street), Maha Sakthi Colony 5th Cross Street, and Maha Sakthi Colony (Vivekanandar Steet).

What is the role of the Selaiyur SRO?

The Selaiyur SRO is responsible for the registration of properties in the area, including Maha Sakthi Colony (Kakkan Street). It ensures that all transactions are recorded accurately and that the guideline values are applied appropriately during the registration process.

How is the stamp duty calculated for properties in Maha Sakthi Colony?

Stamp duty for properties in Maha Sakthi Colony is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is also applicable on the guideline value.