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Guideline Value

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Guideline Value for Maha Sakthi Colony (Thiruvalluvar Street)

₹2400/sq.ft.

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

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Maha Sakthi Colony (Thiruvalluvar Street) guideline value

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

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

Over the years, the guideline value for Maha Sakthi Colony (Thiruvalluvar Street) has seen several revisions. In 2007, the guideline value was set at Rs 750 per sq.ft, which increased significantly to Rs 2,200 per sq.ft in 2012. However, it then decreased to Rs 1,474 per sq.ft in 2017. The value saw a substantial rise to Rs 2,200 per sq.ft in 2023, and currently stands at Rs 2,400 per sq.ft as per the 2024 revision.

The changes between the revisions are noteworthy. From 2007 to 2012, there was a remarkable increase of 193%, followed by a decrease of 33% from 2012 to 2017. The value surged by 49% from 2017 to 2023, and has risen by 9% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 220%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Chembakkam

In Chembakkam, there are a total of 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 this village is Rs 2,200 per sq.ft, making the current figure for Maha Sakthi Colony (Thiruvalluvar Street) above that median.

Stamp duty and registration fee for property in Maha Sakthi Colony (Thiruvalluvar 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, charged at 7%, would amount to Rs 1,68,000, while 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 also use the stamp duty and registration fee calculator for more information.

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

The Sub Registrar Office that covers Maha Sakthi Colony (Thiruvalluvar 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 details.

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. It serves as the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees. Buyers and sellers must be aware of the guideline value to avoid any discrepancies during the registration process.

When a property is sold, the guideline value is compared to the sale price. The higher of the two is used to calculate the applicable stamp duty and registration fees. This ensures that the transaction is recorded accurately and in compliance with local regulations.

Frequently asked questions

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

The current guideline value of Maha Sakthi Colony (Thiruvalluvar 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, with notable fluctuations in between, including a peak of Rs 2,200 per sq.ft in 2023.

What is the land classification for Maha Sakthi Colony?

The land classification for Maha Sakthi Colony (Thiruvalluvar Street) is Residential Special Type - I, which indicates its suitability for residential development.

Where can I find the registration office for Maha Sakthi Colony?

The registration office that covers Maha Sakthi Colony is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, on a property valued at Rs 24,00,000, the stamp duty would be Rs 1,68,000 at a rate of 7%.