Guideline Value

Corporate

Guideline Value for Maha Sakthi Colony 3rd Street

₹2400/sq.ft.

The guideline value for Maha Sakthi Colony 3rd 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 Street

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Maha Sakthi Colony 3rd Street guideline value

The current guideline value of Maha Sakthi Colony 3rd Street is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Chembakkam village, under the Selaiyur SRO. The land classification for this area is Residential Special Type - I.

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

The guideline value for Maha Sakthi Colony 3rd Street has seen several revisions over the years. In the 2012 revision, the value was set at Rs 2,200 per sq.ft, which was a decrease of 33% from the previous revision in 2017, where the value was Rs 1,474 per sq.ft. The 2023 revision marked an increase to Rs 2,200 per sq.ft, followed by the current 2024 revision, which raised it to Rs 2,400 per sq.ft, reflecting a 9% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 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 for these streets is Rs 2,200 per sq.ft, making the guideline value of Maha Sakthi Colony 3rd Street above that median.

Stamp duty and registration fee for property in Maha Sakthi Colony 3rd 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 to Rs 2,16,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

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

The Maha Sakthi Colony 3rd 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 plays a crucial role when buying or selling property in Chembakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. This value is used by the registration office to calculate the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the seller and buyer must consider the guideline value to ensure compliance with local regulations. The higher of the guideline value or the sale price will be used to calculate the applicable duties and fees, ensuring that all transactions are conducted fairly and transparently.

Frequently asked questions

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

The current guideline value of Maha Sakthi Colony 3rd 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, marking a 9% increase. It was Rs 1,474 per sq.ft in 2017, and Rs 2,200 per sq.ft in 2012, showing a 49% increase from 2017 to 2023.

What is the land classification for Maha Sakthi Colony 3rd Street?

The land classification for Maha Sakthi Colony 3rd Street is Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Selaiyur Sub Registrar Office?

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 the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a total stamp duty of Rs 1,68,000 at 7%.