Guideline Value

Corporate

Guideline Value for Sundaram Colony 1st Street

₹2900/sq.ft.

The guideline value for Sundaram Colony 1st 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 Sundaram Colony 1st Street

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Sundaram Colony 1st Street guideline value

The current guideline value of Sundaram Colony 1st 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 Sundaram Colony 1st Street has changed

The guideline value for Sundaram Colony 1st 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. Following this, the value increased significantly to Rs 2,700 per sq.ft in 2023, and currently stands at Rs 2,900 per sq.ft as per the 2024 revision. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

From the 2017 revision to the 2023 revision, there was a substantial increase of 49%. The change from 2023 to 2024 reflects a 7% increase. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has increased by 7%.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO that have a 2024 guideline value ranging from Rs 850 to Rs 6,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of Sundaram Colony 1st Street is above this median, indicating a higher valuation compared to many other streets in the area.

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

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, and the registration fee at 2% would be Rs 58,000, bringing the total fees to Rs 2,61,000. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Sundaram Colony 1st Street?

The Sub Registrar Office that covers Sundaram Colony 1st 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 process when buying or selling property in Selaiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately in accordance with government regulations.

When a property is sold, the buyer and seller must consider the guideline value to calculate the applicable stamp duty and registration fees. This ensures transparency and compliance with the legal requirements set forth by the Registration Department.

Frequently asked questions

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

The current guideline value of Sundaram Colony 1st 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 for Sundaram Colony 1st Street?

Sundaram Colony 1st Street is classified as Residential Special Type - I, indicating its designated use for residential purposes.

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.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 2,900 per sq.ft, the total guideline value would be Rs 29,00,000, leading to specific stamp duty and registration fees.