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Guideline Value

Corporate

Guideline Value for Maha Sakthi Colony (Vivekanandar Steet)

₹2400/sq.ft.

The guideline value for Maha Sakthi Colony (vivekanandar Steet) 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 (vivekanandar Steet)

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Maha Sakthi Colony (Vivekanandar Steet) guideline value

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

How the guideline value of Maha Sakthi Colony (Vivekanandar Steet) has changed

The guideline value for Maha Sakthi Colony (Vivekanandar Steet) has seen several revisions over the years. In the 2007 revision, the value was Rs 750 per sq.ft. This increased significantly to Rs 2,200 per sq.ft in the 2012 revision, marking a rise of 193%. However, it then dropped to Rs 1,474 per sq.ft in the 2017 revision, a decrease of 33%. The value rebounded to Rs 2,200 per sq.ft in the 2023 revision, followed by a further increase to Rs 2,400 per sq.ft in the 2024 revision, reflecting a 9% increase.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, 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, with a median value of Rs 2,200 per sq.ft. The guideline value for Maha Sakthi Colony (Vivekanandar Steet) is above this median.

Stamp duty and registration fee for property in Maha Sakthi Colony (Vivekanandar Steet)

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 guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Maha Sakthi Colony (Vivekanandar Steet)?

The Sub Registrar Office that covers Maha Sakthi Colony (Vivekanandar Steet) 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 here.

How the guideline value is used when you buy or sell in Chembakkam

The guideline value plays a crucial role in the registration process when buying or selling property in Chembakkam. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware that the guideline value is set by the government and can vary from one area to another.

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. The registration office will assess the property based on the guideline value to calculate the applicable fees, which are mandatory for the registration of the property.

Frequently asked questions

What is the current guideline value of Maha Sakthi Colony (Vivekanandar Steet)?

The current guideline value of Maha Sakthi Colony (Vivekanandar Steet) 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 of Maha Sakthi Colony (Vivekanandar Steet)?

The land classification of Maha Sakthi Colony (Vivekanandar Steet) is Residential Special Type - I.

Where can I find the registration office for Maha Sakthi Colony (Vivekanandar Steet)?

The registration office for Maha Sakthi Colony (Vivekanandar Steet) is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated for properties in Chembakkam?

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