Guideline Value

Corporate

Guideline Value for Sundaram Colony 1st Main Road

₹1900/sq.ft.

The guideline value for Sundaram Colony 1st Main Road in Rajakilpakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 1900 per sq.ft, effective 1 July 2024. It was Rs 1800 per sq.ft from 1 April 2023, a 6% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Rajakilpakkam

Village

Selaiyur

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹1900 /sq.ft.
From 1-4-2023 ₹1800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1206 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1800 /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 Sundaram Colony 1st Main Road

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Sundaram Colony 1st Main Road guideline value

The current guideline value of Sundaram Colony 1st Main Road is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Rajakilpakkam village, under the Selaiyur SRO, and is classified as Residential Class I Type - II.

How the guideline value of Sundaram Colony 1st Main Road has changed

The guideline value for Sundaram Colony 1st Main Road has undergone several revisions over the years. The earliest recorded revision was in 2012, setting the value at Rs 1,800 per sq.ft. This was followed by a decrease to Rs 1,206 per sq.ft in 2017, marking a 33% drop. The value then increased significantly to Rs 1,800 per sq.ft in 2023, and currently stands at Rs 1,900 per sq.ft from the 2024 revision, reflecting a 6% increase from the previous year.

From 2017 to 2023, the value rose by 49%, and overall, from 2012 to 2024, there has been a 6% increase. The revisions for the years 2002, 2003, and 2007 do not have recorded figures for this street.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 5,000 per sq.ft. The median guideline value in this area is Rs 2,150 per sq.ft, indicating that Sundaram Colony 1st Main Road's 2024 figure is below this median.

Stamp duty and registration fee for property in Sundaram Colony 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value amounts to Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total to Rs 1,71,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sundaram Colony 1st Main Road?

The Sub Registrar Office that covers Sundaram Colony 1st 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 Rajakilpakkam

The guideline value is a critical factor in the registration process for property transactions in Rajakilpakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction reflects a fair value in the eyes of the registration authorities.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential components of the transaction costs. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sundaram Colony 1st Main Road?

The current guideline value of Sundaram Colony 1st Main Road is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 1,800 per sq.ft in 2012, decreasing to Rs 1,206 per sq.ft in 2017, and then increasing to Rs 1,800 per sq.ft in 2023, finally reaching Rs 1,900 per sq.ft in 2024.

What is the stamp duty rate for properties in Sundaram Colony 1st Main Road?

The stamp duty rate for properties in Sundaram Colony 1st Main Road is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office located for Sundaram Colony 1st Main Road?

The Sub Registrar Office for Sundaram Colony 1st Main Road is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

What is the land classification for Sundaram Colony 1st Main Road?

Sundaram Colony 1st Main Road is classified as Residential Class I Type - II, which indicates its suitability for residential development.