Guideline Value

Corporate

Guideline Value for Sundaram Colony 1st Main Road

₹2900/sq.ft.

The guideline value for Sundaram Colony 1st Main Road 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 Sundaram Colony 1st Main Road

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Sundaram Colony 1st Main Road guideline value

The current guideline value of Sundaram Colony 1st Main Road is Rs 2,900 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village and falls under the Selaiyur SRO. The land classification for this area is Residential Special Type - I.

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

Over the years, the guideline value for Sundaram Colony 1st Main Road has seen several revisions. The 2012 revision set the value at Rs 2,700 per sq.ft, which was then reduced to Rs 1,809 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,700 per sq.ft in 2023, and finally, it reached Rs 2,900 per sq.ft in the 2024 revision.

From 2023 to 2024, there was an increase of 7%. The jump from 2017 to 2023 was notable at 49%. However, the 2012 to 2017 revision saw a decrease of 33%. Overall, from 2012 to 2024, there has been a 7% increase in the guideline value.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 6,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Sundaram Colony 1st Main Road above 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 2,900 per sq.ft, the total guideline value would be Rs 29,00,000. The stamp duty at 7% would amount to Rs 2,03,000, while the registration fee at 2% would be Rs 58,000, leading to a total of Rs 2,61,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the 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. The address is 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 through this link.

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

The guideline value is a crucial factor during the registration process of property transactions in Selaiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that both buyers and sellers are aware of the financial obligations involved.

When you buy or sell property, the guideline value helps in evaluating the property's worth in the eyes of the government. This value is used to calculate the necessary taxes and fees, ensuring transparency in property transactions.

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 2,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase of 7% from Rs 2,700 per sq.ft in 2023 to Rs 2,900 per sq.ft in 2024. Overall, it has increased by 7% from 2012 to 2024.

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

For a property valued at Rs 29,00,000, the stamp duty would be Rs 2,03,000 at 7%, and the registration fee would be Rs 58,000 at 2%, totaling Rs 2,61,000.

Which office handles property registrations for Sundaram Colony 1st Main Road?

The Selaiyur Sub Registrar Office handles property registrations for Sundaram Colony 1st Main Road, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

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

The land classification for Sundaram Colony 1st Main Road is Residential Special Type - I, indicating its designation for residential purposes.