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Guideline Value

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Guideline Value for Thiru Ve.Ka 2nd Street

₹1400/sq.ft.

The guideline value for Thiru Ve.ka 2nd Street in Chembakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 1400 per sq.ft, effective 1 July 2024. It was Rs 1300 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Chembakkam

Village

Selaiyur

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹1400 /sq.ft.
From 1-4-2023 ₹1300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹871 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1300 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹750 /sq.ft.
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 Thiru Ve.ka 2nd Street

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Thiru Ve.Ka 2nd Street guideline value

The current guideline value of Thiru Ve.Ka 2nd Street is Rs 1,400 per sq.ft, effective from 1 July 2024. This street is located in Chembakkam village, under the Selaiyur SRO, and is classified as Residential Class II Type - II.

How the guideline value of Thiru Ve.Ka 2nd Street has changed

The guideline value for Thiru Ve.Ka 2nd Street has seen several revisions over the years. The 2007 revision set the value at Rs 750 per sq.ft, which increased to Rs 1,300 per sq.ft in 2012. However, in the 2017 revision, it decreased to Rs 871 per sq.ft. The value then rose significantly to Rs 1,300 per sq.ft in 2023, before reaching the current value of Rs 1,400 per sq.ft in 2024. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, there was a notable increase of 49%. The value rose by 8% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 87%.

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 6,700 per sq.ft. The median guideline value in the village is Rs 2,200 per sq.ft, making the 2024 figure for Thiru Ve.Ka 2nd Street below that median.

Stamp duty and registration fee for property in Thiru Ve.Ka 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value would be Rs 14,00,000. The stamp duty at 7% would amount to Rs 98,000, and the registration fee at 2% would be Rs 28,000, making the total fees together Rs 1,26,000. 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 further calculations.

Which Sub Registrar Office covers Thiru Ve.Ka 2nd Street?

The Thiru Ve.Ka 2nd Street is covered by 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 for more information.

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

The guideline value plays a crucial role when buying or selling property in Chembakkam. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers and sellers must be aware of the guideline value to ensure compliance with the legal requirements during property transactions.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Thiru Ve.Ka 2nd Street?

The current guideline value of Thiru Ve.Ka 2nd Street is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2007 to Rs 1,400 per sq.ft in 2024, reflecting an overall increase of 87% over the years.

What are the stamp duty and registration fees for properties in Thiru Ve.Ka 2nd Street?

For a property valued at Rs 14,00,000, the stamp duty would be Rs 98,000 and the registration fee would be Rs 28,000, totaling Rs 1,26,000.

Which office handles registrations for Thiru Ve.Ka 2nd Street?

The Selaiyur Sub Registrar Office handles registrations for Thiru Ve.Ka 2nd Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

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

The guideline value is significant as it determines the stamp duty and registration fees during property transactions. It ensures that the appropriate revenue is collected based on the established values for properties in the area.