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Guideline Value

Corporate

Guideline Value for Maha Sakthi Colony 3rd Cross Street

₹2400/sq.ft.

The guideline value for Maha Sakthi Colony 3rd 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 3rd Cross Street

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Maha Sakthi Colony 3rd Cross Street guideline value

The current guideline value of Maha Sakthi Colony 3rd 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, classified as Residential Special Type - I.

How the guideline value of Maha Sakthi Colony 3rd Cross Street has changed

The guideline value for Maha Sakthi Colony 3rd Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,200 per sq.ft, which was later reduced to Rs 1,474 per sq.ft in the 2017 revision. The 2023 revision increased the value to Rs 2,200 per sq.ft, followed by the current 2024 revision at Rs 2,400 per sq.ft. There are no figures available for the years 2002, 2003, and 2007 for this street.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%. The overall change from the 2012 revision to the 2024 revision shows a modest increase of 9%.

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 value is Rs 2,200 per sq.ft, making the 2024 guideline value of Maha Sakthi Colony 3rd Cross Street above this median.

Stamp duty and registration fee for property in Maha Sakthi Colony 3rd 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, bringing the total cost 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 use the stamp duty and registration fee calculator for accurate calculations based on your property details.

Which Sub Registrar Office covers Maha Sakthi Colony 3rd Cross Street?

The Maha Sakthi Colony 3rd Cross Street falls under the Selaiyur Sub Registrar Office. The office is 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 plays a crucial role in property transactions in Chembakkam. It is used to determine the minimum value at which a property can be registered. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be considered for taxation purposes.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the region.

Frequently asked questions

What is the current guideline value of Maha Sakthi Colony 3rd Cross Street?

The current guideline value of Maha Sakthi Colony 3rd 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 2012 to Rs 1,474 per sq.ft in 2017, then back to Rs 2,200 per sq.ft in 2023, and currently to Rs 2,400 per sq.ft in 2024.

What are the other streets in Chembakkam with the same guideline value?

Other streets in Chembakkam that share the same guideline value of Rs 2,400 per sq.ft include Maha Sakthi Colony 2nd Street, 3rd Main Road Extn, 2nd Main Road Extn, 3rd Street, 2nd Cross Street, and 4th Cross Street.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is 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 Maha Sakthi Colony 3rd Cross Street?

Stamp duty for properties in Maha Sakthi Colony 3rd Cross Street is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.