Guideline Value

Corporate

Guideline Value for Maha Sakthi Colony 3rd Main Road Extn

₹2400/sq.ft.

The guideline value for Maha Sakthi Colony 3rd Main Road Extn 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 Main Road Extn

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Maha Sakthi Colony 3rd Main Road Extn guideline value

The current guideline value of Maha Sakthi Colony 3rd Main Road Extn is Rs 2,400 per sq.ft, effective from 1 July 2024. This property 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 3rd Main Road Extn has changed

The guideline value for Maha Sakthi Colony 3rd Main Road Extn has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,400 per sq.ft, which is an increase from Rs 2,200 per sq.ft in 2023, marking a change of +9%. Prior to that, the value was Rs 1,474 per sq.ft in 2017, reflecting a significant increase of +49% over the six years. The 2012 revision had the value at Rs 2,200 per sq.ft, which was a decrease of -33% compared to the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by +9%.

The register has no figures for the years 2002, 2003, and 2007 for this street. The 2012 revision was Rs 2,200 per sq.ft, and the 2017 revision was Rs 1,474 per sq.ft. The changes reflect the fluctuations in the guideline value over time, with the most recent increase indicating a positive adjustment in the value.

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, making the 2024 value of Maha Sakthi Colony 3rd Main Road Extn above this median.

Stamp duty and registration fee for property in Maha Sakthi Colony 3rd Main Road Extn

For a 1,000 sq.ft plot at the current rate of Rs 2,400 per sq.ft, the 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.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Maha Sakthi Colony 3rd Main Road Extn?

The Maha Sakthi Colony 3rd Main Road Extn 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.

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 in the registration process of property transactions in Chembakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, it is essential for both parties to be aware of the guideline value as it influences the financial aspects of the transaction. Buyers should ensure that the sale price is in line with the guideline value to avoid discrepancies during registration.

Frequently asked questions

What is the current guideline value of Maha Sakthi Colony 3rd Main Road Extn?

The current guideline value of Maha Sakthi Colony 3rd Main Road Extn is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

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, marking a +9% increase. It was Rs 1,474 per sq.ft in 2017 and Rs 2,200 per sq.ft in 2012, showing various fluctuations in the values.

What is the land classification for Maha Sakthi Colony 3rd Main Road Extn?

The land classification for Maha Sakthi Colony 3rd Main Road Extn is Residential Special Type - I, indicating its designated use for residential purposes.

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

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For example, on a property with a guideline value of Rs 24,00,000, the total fees would amount to Rs 2,16,000.

Which Sub Registrar Office covers this area?

The Selaiyur Sub Registrar Office covers Maha Sakthi Colony 3rd Main Road Extn, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Chennai - 600 073.