Guideline Value

Corporate

Guideline Value for Sundaram Colony 2nd Cross Street

₹2900/sq.ft.

The guideline value for Sundaram Colony 2nd Cross 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 2nd Cross Street

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 2nd Cross Street guideline value

The current guideline value of Sundaram Colony 2nd Cross Street is Rs 2,900 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village, under the Selaiyur Sub Registrar Office (SRO), and is classified as Residential Special Type - I.

How the guideline value of Sundaram Colony 2nd Cross Street has changed

Over the years, the guideline value of Sundaram Colony 2nd Cross Street has seen several revisions. The earliest recorded revision is from 2012, where the guideline value was Rs 2,700 per sq.ft. This was followed by a decrease to Rs 1,809 per sq.ft in 2017. The 2023 revision saw an increase to Rs 2,700 per sq.ft, and the latest revision in 2024 brought it to Rs 2,900 per sq.ft. There are no figures available for the revisions in 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 is an increase of 7%. The most recent change from 2023 to 2024 reflects a 7% increase in the guideline value.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO with the 2024 guideline values ranging from Rs 850 to Rs 6,500 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, positioning Sundaram Colony 2nd Cross Street above this median.

Stamp duty and registration fee for property in Sundaram Colony 2nd Cross 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. Duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for accurate calculations based on your property details.

Which Sub Registrar Office covers Sundaram Colony 2nd Cross Street?

The Sundaram Colony 2nd Cross Street falls under the Selaiyur Sub Registrar Office located at No.36, Bharathmatha Salai (opp to Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, Chengalpattu registration zone.

To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor in the registration process of property transactions in Selaiyur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in calculating the necessary fees and taxes. It is essential for buyers to be aware of the guideline value to avoid unexpected costs during the registration process.

Frequently asked questions

What is the current guideline value of Sundaram Colony 2nd Cross Street?

The current guideline value of Sundaram Colony 2nd Cross 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. It increased from Rs 1,809 per sq.ft in 2017 to Rs 2,700 per sq.ft in 2023, showing a 49% increase.

What is the stamp duty rate for properties in Sundaram Colony 2nd Cross Street?

The stamp duty rate for properties in Sundaram Colony 2nd Cross Street is 7% of the guideline value or the sale price, whichever is higher.

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.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the minimum value for property registration and helps calculate the applicable stamp duty and registration fees. It ensures compliance with government regulations during property transactions.