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Guideline Value

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Guideline Value for Maha Sakthi Colony 2nd Cross Street

₹2400/sq.ft.

The guideline value for Maha Sakthi Colony 2nd 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 2nd Cross Street

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Maha Sakthi Colony 2nd Cross Street guideline value

The current guideline value of Maha Sakthi Colony 2nd 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 2nd Cross Street has changed

The guideline value for Maha Sakthi Colony 2nd Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 1,474 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, raising the value to Rs 2,200 per sq.ft. The latest revision in 2024 has further increased the guideline value to Rs 2,400 per sq.ft, reflecting a 9% rise from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 9%, indicating a stable adjustment in the pricing.

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO that have 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, making the guideline value of Maha Sakthi Colony 2nd Cross Street above this median.

Stamp duty and registration fee for property in Maha Sakthi Colony 2nd 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 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. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Maha Sakthi Colony 2nd Cross Street?

The Maha Sakthi Colony 2nd 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, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role when buying or selling property in Chembakkam. It is the minimum value set by the government for the purpose of registration and taxation. Buyers must ensure that the sale price is at least equal to the guideline value to avoid any issues during the registration process.

Additionally, the guideline value is used to calculate the stamp duty and registration fees applicable on property transactions. This ensures that both the buyer and seller are aware of the financial obligations involved when transferring property ownership.

Frequently asked questions

What is the current guideline value of Maha Sakthi Colony 2nd Cross Street?

The current guideline value of Maha Sakthi Colony 2nd 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. It was previously Rs 1,474 per sq.ft in 2017 and Rs 2,200 per sq.ft in 2012.

What is the registration office for Maha Sakthi Colony 2nd Cross Street?

The Selaiyur Sub Registrar Office covers Maha Sakthi Colony 2nd Cross Street, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Chennai - 600 073.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, 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%.

What does Residential Special Type - I classification mean?

The Residential Special Type - I classification indicates the type of land use for Maha Sakthi Colony 2nd Cross Street, which is designated for residential purposes under specific regulations set by the local authorities.