Guideline Value

Corporate

Guideline Value for Maha Sakthi Colony 2nd Street

₹2400/sq.ft.

The guideline value for Maha Sakthi Colony 2nd 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 Street

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Maha Sakthi Colony 2nd Street guideline value

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

The guideline value for Maha Sakthi Colony 2nd Street has seen several revisions over the years. The earliest available figure is from 2012, where the value was Rs 2,200 per sq.ft. This figure remained until the next revision in 2017, which saw a decrease to Rs 1,474 per sq.ft. Following this, the value increased significantly to Rs 2,200 per sq.ft in 2023, and then rose again to Rs 2,400 per sq.ft in 2024, marking a 9% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 9%. The register has no figures for the revisions in 2002, 2003, and 2007 for this street.

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. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Maha Sakthi Colony 2nd Street's 2024 figure above this median.

Stamp duty and registration fee for property in Maha Sakthi Colony 2nd 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, bringing the total fees together to Rs 2,16,000. Please 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 2nd Street?

The Sub Registrar Office that covers Maha Sakthi Colony 2nd 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 during property registration in Chembakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value as per government standards.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. These fees are based on the guideline value or the sale price, whichever is higher, ensuring that both parties are protected during the transaction.

Frequently asked questions

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

The current guideline value of Maha Sakthi Colony 2nd 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 2012 to Rs 1,474 per sq.ft in 2017, then increased to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,400 per sq.ft in 2024.

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

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

What is the median guideline value in Chembakkam?

The median guideline value for streets in Chembakkam is Rs 2,200 per sq.ft, which is below the current value of Maha Sakthi Colony 2nd Street.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 24,00,000, the stamp duty would be Rs 1,68,000 and the registration fee would be Rs 48,000.