Guideline Value

Corporate

Guideline Value for Sabai Colony

₹1900/sq.ft.

The guideline value for Sabai Colony in Rajakilpakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 1900 per sq.ft, effective 1 July 2024. It was Rs 1800 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

Rajakilpakkam

Village

Selaiyur

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹1900 /sq.ft.
From 1-4-2023 ₹1800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1206 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1800 /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 Sabai Colony

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Sabai Colony guideline value

The current guideline value of Sabai Colony, located in Rajakilpakkam village under the Selaiyur SRO, is Rs 1,900 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - II.

How the guideline value of Sabai Colony has changed

The guideline value for Sabai Colony has undergone several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 1,206 per sq.ft, marking a decrease of 33%. In 2023, the value increased to Rs 1,800 per sq.ft, and as of the latest 2024 revision, it has risen to Rs 1,900 per sq.ft, reflecting a 6% increase from the previous year.

From 2017 to 2023, the guideline value saw a significant increase of 49%. Overall, the guideline value has increased by 6% from the 2012 revision to the current 2024 figure. The register does not provide figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 850 to Rs 5,000 per sq.ft. The median guideline value for the area is Rs 2,150 per sq.ft, and Sabai Colony's 2024 figure of Rs 1,900 per sq.ft is below this median.

Stamp duty and registration fee for property in Sabai Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total cost to Rs 1,71,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Sabai Colony?

The Sub Registrar Office that covers Sabai Colony 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 Rajakilpakkam

When buying or selling property in Rajakilpakkam, the guideline value is a critical factor in determining the transaction costs. This value is used to calculate the stamp duty and registration fees, which are mandatory for property transactions. It ensures that the government receives the appropriate revenue from property sales.

During registration, the guideline value serves as a benchmark for the minimum price at which a property can be sold. If the sale price is higher than the guideline value, the duty will be calculated based on the sale price instead.

Frequently asked questions

What is the current guideline value of Sabai Colony?

The current guideline value of Sabai Colony is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then back to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,900 per sq.ft in 2024.

What is the median guideline value in Rajakilpakkam?

The median guideline value in Rajakilpakkam is Rs 2,150 per sq.ft, with Sabai Colony's current value below this median.

What is the stamp duty rate for property in Sabai Colony?

The stamp duty rate for property transactions in Sabai Colony is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Sabai Colony 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.