Guideline Value

Corporate

Guideline Value for Sembakkam Main Road

₹1400/sq.ft.

The guideline value for Sembakkam Main Road in Chembakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 1400 per sq.ft, effective 1 July 2024. It was Rs 1300 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Chembakkam

Village

Selaiyur

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹1400 /sq.ft.
From 1-4-2023 ₹1300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹871 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1300 /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 Sembakkam Main Road

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Sembakkam Main Road guideline value

The current guideline value of Sembakkam Main Road in Chembakkam village is Rs 1,400 per sq.ft, effective from 1 July 2024. This street falls under the Selaiyur Sub Registrar Office (SRO) and is classified as Residential Class II Type - II.

How the guideline value of Sembakkam Main Road has changed

The guideline value for Sembakkam Main Road has seen several revisions over the years. The earliest recorded revision was in 2007, with a value of Rs 750 per sq.ft. This value increased to Rs 1,300 per sq.ft in 2012, marking a significant rise of 73%. However, it decreased to Rs 871 per sq.ft in 2017, reflecting a drop of 33%. The most recent revisions show the value at Rs 1,300 per sq.ft in 2023, which then rose to Rs 1,400 per sq.ft in 2024, an increase of 8%. The register has no figures for the years 2002 and 2003 for this street.

Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 87%. The changes between revisions highlight the fluctuations in property valuation over the years, with the most notable increase occurring between 2017 and 2023, which saw a rise of 49%.

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 the village is Rs 2,200 per sq.ft, positioning Sembakkam Main Road's current value below this median.

Stamp duty and registration fee for property in Sembakkam Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value would be Rs 14,00,000. The stamp duty at 7% would amount to Rs 98,000, and the registration fee at 2% would be Rs 28,000, bringing the total cost for these fees to Rs 1,26,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sembakkam Main Road?

The Sembakkam Main Road is covered by 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 plays a crucial role in property transactions in Chembakkam. It serves as a benchmark for determining the minimum value at which properties can be registered. When buying or selling property, this value is used to calculate the applicable stamp duty and registration fees.

During the registration process, both the buyer and seller must consider the guideline value to ensure compliance with local regulations. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Sembakkam Main Road?

The current guideline value of Sembakkam Main Road is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 750 per sq.ft in 2007 to Rs 1,400 per sq.ft in 2024, reflecting an overall increase of 87% over the years.

What is the registration office for Sembakkam Main Road?

The Selaiyur Sub Registrar Office covers Sembakkam Main Road, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

How is the stamp duty calculated for properties in Sembakkam?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 14,00,000, the stamp duty would be Rs 98,000 at a rate of 7%.

Where can I find more information about guideline values in Chembakkam?

For more information about guideline values in Chembakkam, you can refer to the registration department's guideline value register or visit the Selaiyur Sub Registrar Office.