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Guideline Value

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Guideline Value for Sri Ram Nagar 1 to 4th Street

₹2900/sq.ft.

The guideline value for Sri Ram Nagar 1 To 4th Street in Selaiyur village (Selaiyur SRO, Chengalpattu zone) is Rs 2900 per sq.ft, effective 1 July 2024. It was Rs 2700 per sq.ft from 1 April 2023, a 7% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Selaiyur

Village

Selaiyur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹2900 /sq.ft.
From 1-4-2023 ₹2700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1809 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2700 /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 Sri Ram Nagar 1 To 4th Street

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Sri Ram Nagar 1 to 4th Street guideline value

The current guideline value of Sri Ram Nagar 1 to 4th Street is Rs 2,900 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village under the Selaiyur SRO, and is classified as Residential Special Type - I.

How the guideline value of Sri Ram Nagar 1 to 4th Street has changed

The guideline value for Sri Ram Nagar 1 to 4th Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,700 per sq.ft, which then decreased to Rs 1,809 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 2,700 per sq.ft. The most recent revision in 2024 has increased the guideline value to Rs 2,900 per sq.ft, reflecting a 7% rise from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 7%.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 850 to Rs 6,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Sri Ram Nagar 1 to 4th Street above the median.

Stamp duty and registration fee for property in Sri Ram Nagar 1 to 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,900 per sq.ft, the total guideline value amounts to Rs 29,00,000. The stamp duty at 7% would be Rs 2,03,000, while the registration fee at 2% would be Rs 58,000, resulting in a total cost of Rs 2,61,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Ram Nagar 1 to 4th Street?

The Sub Registrar Office that covers Sri Ram Nagar 1 to 4th 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 Selaiyur

The guideline value plays a crucial role in the registration of property transactions in Selaiyur. When buying or selling a property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the financial obligations during the registration process. Understanding the guideline value can help in making informed decisions when engaging in property transactions.

Frequently asked questions

What is the current guideline value of Sri Ram Nagar 1 to 4th Street?

The current guideline value of Sri Ram Nagar 1 to 4th Street is Rs 2,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,700 per sq.ft in 2023 to Rs 2,900 per sq.ft in 2024, reflecting a 7% increase. From 2017 to 2023, it increased by 49%, while it decreased from Rs 2,700 per sq.ft in 2012 to Rs 1,809 per sq.ft in 2017.

What is the land classification of Sri Ram Nagar 1 to 4th Street?

Sri Ram Nagar 1 to 4th Street is classified as Residential Special Type - I. This classification is important for understanding the zoning and permissible uses of the land.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073. This office handles the registration of properties in the area.

How is stamp duty calculated in Sri Ram Nagar 1 to 4th Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 29,00,000, the stamp duty at 7% would amount to Rs 2,03,000.