Guideline Value

Corporate

Guideline Value for Sundaram Colony

₹2900/sq.ft.

The guideline value for Sundaram Colony 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

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Sundaram Colony guideline value

The current guideline value of Sundaram Colony, located in Selaiyur village under the Selaiyur SRO, is Rs 2,900 per sq.ft as per the 2024 revision effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of Sundaram Colony has changed

Over the years, the guideline value of Sundaram Colony has seen several revisions. The 2012 revision set the value at Rs 2,700 per sq.ft, which was reduced to Rs 1,809 per sq.ft in the 2017 revision. Subsequently, the 2023 revision increased it to Rs 2,700 per sq.ft, and the latest 2024 revision raised it further to Rs 2,900 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

When examining the changes, the guideline value increased by 49% from 2017 to 2023 and by 7% from 2023 to 2024. Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a modest increase of 7%.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO, with guideline values for 2024 ranging from Rs 850 to Rs 6,500 per sq.ft. The median value is Rs 2,200 per sq.ft, placing Sundaram Colony's 2024 figure above this median.

Stamp duty and registration fee for property in Sundaram Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 2,900 per sq.ft, the total guideline value amounts to Rs 29,00,000. The stamp duty at 7% would be Rs 2,03,000, and the registration fee at 2% would be Rs 58,000, bringing the total cost together to 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 use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sundaram Colony?

The Sub Registrar Office covering Sundaram Colony 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 property registration process in Selaiyur. It is used to determine the stamp duty and registration fees that a buyer must pay when purchasing a property. This ensures that the transaction is officially documented and that the necessary taxes are collected by the government.

When selling a property, the guideline value helps establish a baseline for the sale price. Sellers and buyers often consider the guideline value to negotiate the final sale price, ensuring compliance with local regulations and tax obligations.

Frequently asked questions

What is the current guideline value of Sundaram Colony?

The current guideline value of Sundaram Colony is Rs 2,900 per sq.ft as per the 2024 revision, 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 was Rs 1,809 per sq.ft in 2017 and Rs 2,700 per sq.ft in 2012, indicating significant fluctuations over the years.

What is the land classification of Sundaram Colony?

Sundaram Colony is classified as Residential Special Type - I, which influences the guideline value and property regulations in the area.

What are the stamp duty and registration fees for a property in Sundaram Colony?

For a property valued at Rs 29,00,000, the stamp duty would be Rs 2,03,000 and the registration fee would be Rs 58,000, totaling Rs 2,61,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073. This office handles property registrations for the area.