Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for Maha Sakthi Colony 1st Cross Street

₹2400/sq.ft.

The guideline value for Maha Sakthi Colony 1st Cross 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 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 1st Cross Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Maha Sakthi Colony 1st Cross Street guideline value

The current guideline value of Maha Sakthi Colony 1st Cross 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 is classified as Residential Special Type - I.

How the guideline value of Maha Sakthi Colony 1st Cross Street has changed

The guideline value has undergone several revisions over the years. The 2012 revision set the value at Rs 2,200 per sq.ft, which was a decrease of 33% from the 2017 revision that had a value of Rs 1,474 per sq.ft. The 2023 revision increased the value to Rs 2,200 per sq.ft, and in the latest 2024 revision, it has risen to Rs 2,400 per sq.ft, reflecting a 9% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 9%. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO with 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, placing Maha Sakthi Colony 1st Cross Street above this median value.

Stamp duty and registration fee for property in Maha Sakthi Colony 1st Cross 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, while the registration fee at 2% would be Rs 48,000, leading to a total cost of 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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Maha Sakthi Colony 1st Cross Street?

The Maha Sakthi Colony 1st Cross Street 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 critical factor during the registration of property transactions in Chembakkam. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property.

When a property is sold, the guideline value serves as a baseline for calculating the applicable fees, ensuring that the transaction is recorded accurately in the official registry.

Frequently asked questions

What is the current guideline value of Maha Sakthi Colony 1st Cross Street?

The current guideline value of Maha Sakthi Colony 1st Cross 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 2,200 per sq.ft in 2023 to Rs 2,400 per sq.ft in 2024, reflecting a 9% increase. The value also increased significantly from Rs 1,474 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2023.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 24,00,000, the stamp duty would be Rs 1,68,000 and the registration fee would be Rs 48,000, totaling Rs 2,16,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Maha Sakthi Colony 1st Cross Street?

The Selaiyur Sub Registrar Office handles property registrations for Maha Sakthi Colony 1st Cross Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai.

Are there other streets in Chembakkam with similar guideline values?

Yes, there are several other streets in Chembakkam with the same guideline value of Rs 2,400 per sq.ft, including Maha Sakthi Colony and its extensions. This indicates a consistent valuation across these streets.