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Guideline Value

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Guideline Value for Mariamman Koil 2nd Main Road

₹950/sq.ft.

The guideline value for Mariamman Koil 2nd Main Road in Selaiyur village (Selaiyur SRO, Chengalpattu zone) is Rs 950 per sq.ft, effective 1 July 2024. It was Rs 900 per sq.ft from 1 April 2023, a 6% change. The land classification is Residential Class Iv Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Selaiyur

Village

Selaiyur

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹950 /sq.ft.
From 1-4-2023 ₹900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹603 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹900 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
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 Mariamman Koil 2nd Main Road

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Mariamman Koil 2nd Main Road guideline value

The current guideline value for Mariamman Koil 2nd Main Road is Rs 950 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village and falls under the Selaiyur SRO, classified as Residential Class IV Type - II.

How the guideline value of Mariamman Koil 2nd Main Road has changed

Over the years, the guideline value for Mariamman Koil 2nd Main Road has seen several revisions. The earliest recorded value is from 2007, which was Rs 400 per sq.ft. This increased to Rs 900 per sq.ft in 2012, marking a significant rise of 125%. However, between 2012 and 2017, the value decreased to Rs 603 per sq.ft, a drop of 33%. The value then increased to Rs 900 per sq.ft in 2023, followed by a further increase to Rs 950 per sq.ft in 2024, representing a 6% rise.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has risen by 138%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 6,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for Mariamman Koil 2nd Main Road is below this median.

Stamp duty and registration fee for property in Mariamman Koil 2nd Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 950 per sq.ft, the total guideline value would be Rs 9,50,000. The stamp duty at 7% would amount to Rs 66,500, and the registration fee at 2% would be Rs 19,000, making the total fees together Rs 85,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mariamman Koil 2nd Main Road?

The Sub Registrar Office that covers Mariamman Koil 2nd Main Road 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 Selaiyur

The guideline value is a crucial factor during property registration in Selaiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers should be aware that these fees are calculated based on the higher of the guideline value or the actual sale price of the property.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, which helps maintain transparency in real estate dealings. It is advisable for buyers to consult the latest guideline values to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Mariamman Koil 2nd Main Road?

The current guideline value of Mariamman Koil 2nd Main Road is Rs 950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 950 per sq.ft in 2024, with several revisions in between, including a decrease and subsequent increases.

What is the land classification for Mariamman Koil 2nd Main Road?

Mariamman Koil 2nd Main Road is classified as Residential Class IV Type - II.

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 stamp duty calculated for properties in Selaiyur?

Stamp duty for properties in Selaiyur is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 9,50,000 would incur a stamp duty of Rs 66,500 at a rate of 7%.