Guideline Value

Corporate

Guideline Value for Pon Nagar 1st Main Road

₹1700/sq.ft.

The guideline value for Pon Nagar 1st Main Road in Chembakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 1700 per sq.ft, effective 1 July 2024. It was Rs 1600 per sq.ft from 1 April 2023, a 6% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Chembakkam

Village

Selaiyur

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹1700 /sq.ft.
From 1-4-2023 ₹1600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1072 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1600 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹750 /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 Pon Nagar 1st Main Road

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Pon Nagar 1st Main Road guideline value

The current guideline value of Pon Nagar 1st Main Road is Rs 1,700 per sq.ft, effective from 1 July 2024. This road is located in Chembakkam village, under the Selaiyur SRO, and is classified as Residential Class I Type - II.

How the guideline value of Pon Nagar 1st Main Road has changed

Over the years, the guideline value for Pon Nagar 1st Main Road has seen several revisions. In the 2007 revision, the value was set at Rs 750 per sq.ft. This increased significantly to Rs 1,600 per sq.ft in the 2012 revision, but then dropped to Rs 1,072 per sq.ft in 2017. The 2023 revision raised the value to Rs 1,600 per sq.ft, and the latest 2024 revision has set it at Rs 1,700 per sq.ft. The register has no figures for the years 2002 and 2003.

From 2007 to 2012, there was an increase of 113%, followed by a decrease of 33% from 2012 to 2017. However, the value saw a substantial increase of 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects a 6% increase. Overall, from 2007 to 2024, the guideline value has increased by 127%.

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 850 to Rs 6,700 per sq.ft. The median guideline value in this village is Rs 2,200 per sq.ft, making the 2024 figure for Pon Nagar 1st Main Road below this median.

Stamp duty and registration fee for property in Pon Nagar 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, making the total Rs 1,53,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pon Nagar 1st Main Road?

The Sub Registrar Office that covers Pon Nagar 1st 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 details.

How the guideline value is used when you buy or sell in Chembakkam

The guideline value is an essential factor 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 ensures that the government receives appropriate revenue through stamp duty and registration fees based on the guideline value or the sale price, whichever is higher.

When a property is sold, the buyer and seller must consider the guideline value to calculate the applicable fees. This value is crucial for both parties to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Pon Nagar 1st Main Road?

The current guideline value of Pon Nagar 1st Main Road is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 750 per sq.ft in 2007 to Rs 1,700 per sq.ft in 2024, reflecting an overall increase of 127% over this period.

What is the land classification for Pon Nagar 1st Main Road?

Pon Nagar 1st Main Road is classified as Residential Class I 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 the stamp duty calculated for properties in Chembakkam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000 at 7%.