Guideline Value

Corporate

Guideline Value for Sundaram Colony Extension

₹1900/sq.ft.

The guideline value for Sundaram Colony Extension 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 Extension

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Sundaram Colony Extension guideline value

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

How the guideline value of Sundaram Colony Extension has changed

In the 2012 revision, the guideline value was set at Rs 1,800 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a significant decrease to Rs 1,206 per sq.ft, marking a -33% change. The value then increased to Rs 1,800 per sq.ft in the 2023 revision, before rising to Rs 1,900 per sq.ft in the 2024 revision, reflecting a 6% increase.

From 2017 to 2023, there was a notable increase of 49%. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 6%. The register has no figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO, with 2024 guideline values ranging from Rs 850 to Rs 5,000 per sq.ft. The median value is Rs 2,150 per sq.ft, placing Sundaram Colony Extension's 2024 figure below that median.

Stamp duty and registration fee for property in Sundaram Colony Extension

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.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sundaram Colony Extension?

The Sub Registrar Office covering Sundaram Colony Extension 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 crucial factor in property transactions in Rajakilpakkam, as it determines the minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must be aware of this value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value serves as a benchmark. If the sale price exceeds the guideline value, the stamp duty will be calculated based on the sale price; otherwise, it will be based on the guideline value.

Frequently asked questions

What is the current guideline value of Sundaram Colony Extension?

The current guideline value of Sundaram Colony Extension 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 seen various changes, with the most recent increase from Rs 1,800 per sq.ft in 2023 to Rs 1,900 per sq.ft in 2024. The value was Rs 1,206 per sq.ft in 2017 and Rs 1,800 per sq.ft in 2012.

What is the land classification for Sundaram Colony Extension?

Sundaram Colony Extension is classified as Residential Class I Type - II, indicating its designation for residential use.

What are the stamp duty rates for properties in Sundaram Colony Extension?

The stamp duty rate for properties in Sundaram Colony Extension is 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Sundaram Colony Extension located?

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