Guideline Value

Corporate

Guideline Value for Samraj Nagar 8th Cross Street

₹3800/sq.ft.

The guideline value for Samraj Nagar 8th Cross Street 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 ₹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 Samraj Nagar 8th Cross Street

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Samraj Nagar 8th Cross Street guideline value

The current guideline value of Samraj Nagar 8th Cross Street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Chembakkam village under the Selaiyur SRO, classified as Commercial Class I Type - I.

How the guideline value of Samraj Nagar 8th Cross Street has changed

The guideline value for Samraj Nagar 8th Cross Street has undergone several revisions over the years. The 2007 revision set the value at Rs 750 per sq.ft, which increased significantly to Rs 3,500 per sq.ft in 2012. However, it then decreased to Rs 2,345 per sq.ft in the 2017 revision. The value rose again to Rs 3,500 per sq.ft in 2023, and the most recent revision in 2024 has further increased it to Rs 3,800 per sq.ft.

Between these revisions, there have been notable changes. From 2007 to 2012, the value increased by 367%, but it decreased by 33% from 2012 to 2017. The value saw a substantial increase of 49% from 2017 to 2023, and the latest revision from 2023 to 2024 reflects a 9% increase. Overall, from 2007 to 2024, the guideline value has increased by 407%.

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO, with guideline values 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 2024 guideline value of Rs 3,800 per sq.ft for Samraj Nagar 8th Cross Street above the median.

Stamp duty and registration fee for property in Samraj Nagar 8th Cross Street

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, and the registration fee at 2% would be Rs 76,000, resulting in a total of Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Samraj Nagar 8th Cross Street?

The Sub Registrar Office that covers Samraj Nagar 8th Cross Street 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 Chembakkam

The guideline value is a crucial factor in the registration of property transactions in Chembakkam. It acts as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price.

Frequently asked questions

What is the current guideline value of Samraj Nagar 8th Cross Street?

The current guideline value of Samraj Nagar 8th Cross Street 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 several times, starting from Rs 750 per sq.ft in 2007 to Rs 3,800 per sq.ft in 2024, reflecting an overall increase of 407% over the years.

What is the land classification for Samraj Nagar 8th Cross Street?

Samraj Nagar 8th Cross Street is classified as Commercial Class I Type - I, which indicates its suitability for commercial activities.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Samraj Nagar 8th Cross Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 38,00,000, the stamp duty would be Rs 2,66,000 at a rate of 7%.