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Guideline Value

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Guideline Value for Sri Ram Nagar Sakthi Garden Phase I

₹2900/sq.ft.

The guideline value for Sri Ram Nagar Sakthi Garden Phase I 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 Sakthi Garden Phase I

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Sri Ram Nagar Sakthi Garden Phase I guideline value

The current guideline value of Sri Ram Nagar Sakthi Garden Phase I is Rs 2,900 per sq.ft, effective from 1 July 2024. This property 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 Sakthi Garden Phase I has changed

The guideline value for Sri Ram Nagar Sakthi Garden Phase I has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 2,700 per sq.ft. This figure decreased to Rs 1,809 per sq.ft in the 2017 revision, marking a significant drop of 33%. However, the value rebounded in the 2023 revision to Rs 2,700 per sq.ft, and then increased again to Rs 2,900 per sq.ft in the 2024 revision, reflecting a 7% increase from the previous year.

From the 2012 revision to the 2024 revision, the overall change in the guideline value is an increase of 7%. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Selaiyur

Selaiyur village has a total of 478 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 6,500 per sq.ft. The median guideline value in the village is Rs 2,200 per sq.ft, placing the 2024 guideline value of Sri Ram Nagar Sakthi Garden Phase I above this median.

Stamp duty and registration fee for property in Sri Ram Nagar Sakthi Garden Phase I

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 29,00,000. The stamp duty at 7% would be Rs 2,03,000, and the registration fee at 2% would be Rs 58,000, bringing the total to Rs 2,61,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Ram Nagar Sakthi Garden Phase I?

The Sub Registrar Office that covers Sri Ram Nagar Sakthi Garden Phase I 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 is a crucial factor when registering property transactions in Selaiyur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable duties and fees, which are essential for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Sri Ram Nagar Sakthi Garden Phase I?

The current guideline value of Sri Ram Nagar Sakthi Garden Phase I 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. It was Rs 1,809 per sq.ft in 2017, and Rs 2,700 per sq.ft in 2012.

What is the land classification for Sri Ram Nagar Sakthi Garden Phase I?

Sri Ram Nagar Sakthi Garden Phase I is classified as Residential Special Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in this area?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 2,61,000.

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

The Sub Registrar Office for Sri Ram Nagar Sakthi Garden Phase I is located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073. This office handles all registrations for properties in the area.