Guideline Value

Corporate

Guideline Value for Samraj Nagar 2nd Main Road

₹3800/sq.ft.

The guideline value for Samraj Nagar 2nd Main Road in Chembakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 3800 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 9% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Chembakkam

Village

Selaiyur

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹3800 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /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 Samraj Nagar 2nd Main Road

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Samraj Nagar 2nd Main Road guideline value

The current guideline value of Samraj Nagar 2nd Main Road is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Chembakkam village and falls under the Selaiyur SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Samraj Nagar 2nd Main Road has changed

The guideline value for Samraj Nagar 2nd Main Road has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 3,800 per sq.ft, an increase from Rs 3,500 per sq.ft in 2023, marking a change of +9%. Prior to that, in 2017, the value was Rs 2,345 per sq.ft, reflecting a significant increase of +49% to the 2023 figure. In 2012, the value was Rs 3,500 per sq.ft, which was a decrease of -33% from the 2017 revision.

It is important to note that there are no recorded figures for this street in the revisions for the years 2002, 2003, and 2007. 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 with 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, indicating that Samraj Nagar 2nd Main Road's 2024 figure is above this median.

Stamp duty and registration fee for property in Samraj Nagar 2nd Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, while the registration fee at 2% would be Rs 76,000. Together, the total cost for these fees would be Rs 3,42,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Samraj Nagar 2nd Main Road?

The Sub Registrar Office that covers Samraj Nagar 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 details.

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

The guideline value is a crucial factor when buying or selling property in Chembakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher amount will be used for calculating the applicable duties.

When registering a property, it is essential to ensure that the guideline value is accurately reflected in the documentation. This helps in avoiding any discrepancies that may arise during the registration process and ensures compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Samraj Nagar 2nd Main Road?

The current guideline value of Samraj Nagar 2nd Main Road is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,345 per sq.ft in 2017 to Rs 3,500 per sq.ft in 2023, and then to Rs 3,800 per sq.ft in 2024. This reflects an overall increase of +9% from 2012 to 2024.

What is the land classification for Samraj Nagar 2nd Main Road?

The land classification for Samraj Nagar 2nd Main Road is Commercial Class I Type - I, indicating its suitability for commercial activities.

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

For a property valued at Rs 38,00,000, the stamp duty would be Rs 2,66,000 and the registration fee would be Rs 76,000, totaling Rs 3,42,000. These fees are calculated based on the higher of the guideline value or the sale price.

Which office handles property registrations for Samraj Nagar 2nd Main Road?

The Selaiyur Sub Registrar Office handles property registrations for Samraj Nagar 2nd Main Road. It is located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.