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Guideline Value

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Guideline Value for Senthil Avenue 2nd Main Road

₹2200/sq.ft.

The guideline value for Senthil Avenue 2nd Main Road in Chembakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Chembakkam

Village

Selaiyur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹250 /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 Senthil Avenue 2nd Main Road

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Senthil Avenue 2nd Main Road guideline value

The current guideline value of Senthil Avenue 2nd Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This road is located in Chembakkam village under the Selaiyur SRO, classified as Residential Special Type - II.

How the guideline value of Senthil Avenue 2nd Main Road has changed

Over the years, the guideline value of Senthil Avenue 2nd Main Road has seen several revisions. The earliest recorded figure is from 2007, at Rs 250 per sq.ft. This value increased significantly to Rs 2,000 per sq.ft in 2012, marking a 700% rise. However, it then decreased to Rs 1,340 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 2,000 per sq.ft in 2023, and most recently, it has increased to Rs 2,200 per sq.ft in 2024, reflecting a 10% increase from the previous year.

The revisions for the years 2002 and 2003 do not have figures available for this street. Overall, from 2007 to 2024, the guideline value has increased by 780%.

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 850 to Rs 6,700 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, which matches the 2024 figure for Senthil Avenue 2nd Main Road.

Stamp duty and registration fee for property in Senthil Avenue 2nd Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. The duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Senthil Avenue 2nd Main Road?

The Sub Registrar Office that covers Senthil Avenue 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 information.

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

The guideline value is a crucial factor during property registration in Chembakkam. It serves as a benchmark for determining the minimum value of a property, ensuring that the transaction is recorded at a fair price as per the government’s valuation.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Senthil Avenue 2nd Main Road?

The current guideline value of Senthil Avenue 2nd Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 250 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, showing a significant increase over the years.

What are the registration fees for property transactions?

For a property valued at Rs 22,00,000, the stamp duty is Rs 1,54,000, and the registration fee is Rs 44,000, totaling Rs 1,98,000.

Which office handles property registration for Senthil Avenue 2nd Main Road?

The Selaiyur Sub Registrar Office handles property registration for Senthil Avenue 2nd Main Road, located at No.36, Bharathmatha Salai, Chennai.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum value for property transactions, affecting the stamp duty and registration fees during the buying and selling process.