Guideline Value

Corporate

Guideline Value for Senthil Avenue Main Road

₹2200/sq.ft.

The guideline value for Senthil Avenue 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 Main Road

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Senthil Avenue Main Road guideline value

The current guideline value of Senthil Avenue 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, and is classified as Residential Special Type - II.

How the guideline value of Senthil Avenue Main Road has changed

The guideline value for Senthil Avenue Main Road has seen several revisions over the years. In 2007, the guideline value was Rs 250 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, this value decreased to Rs 1,340 per sq.ft in 2017, marking a decline of 33%. From 2017 to 2023, the value rose sharply by 49% to reach Rs 2,000 per sq.ft, and in the latest revision for 2024, it has increased further by 10% to Rs 2,200 per sq.ft.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 780%.

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO, with a 2024 guideline value range 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 is the same as the current value for Senthil Avenue Main Road.

Stamp duty and registration fee for property in Senthil Avenue 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 would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees together to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Senthil Avenue Main Road?

The Sub Registrar Office that covers Senthil Avenue 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 in the registration process when buying or selling property in Chembakkam. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

Understanding the guideline value helps buyers and sellers to be aware of the financial implications involved in property transactions. It ensures that all parties are informed of the costs associated with registration in the Selaiyur SRO area.

Frequently asked questions

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

The current guideline value of Senthil Avenue 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 changed from Rs 250 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 780% over the years.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% on the guideline value or sale price, and the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total of Rs 1,98,000 in fees.

Which office handles the registration for Senthil Avenue Main Road?

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

What is the significance of guideline value in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It ensures transparency and consistency in the registration process within the Selaiyur SRO area.