Guideline Value

Corporate

Guideline Value for Thirukkural 1st Street

₹1400/sq.ft.

The guideline value for Thirukkural 1st 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 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 Thirukkural 1st 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

Thirukkural 1st Street guideline value

The current guideline value of Thirukkural 1st Street is Rs 1,400 per sq.ft, as per the 2024 revision 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 Thirukkural 1st Street has changed

The guideline value for Thirukkural 1st Street has seen several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 1,300 per sq.ft. In 2017, it decreased to Rs 871 per sq.ft, marking a decline of 33%. However, by 2023, the value rose significantly to Rs 1,300 per sq.ft, and the latest revision in 2024 set it at Rs 1,400 per sq.ft, reflecting an increase of 8% from the previous year.

Notably, there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO with the 2024 guideline values ranging from Rs 850 to Rs 6,700 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, making the current value of Thirukkural 1st Street below this median.

Stamp duty and registration fee for property in Thirukkural 1st 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 be Rs 98,000, and the registration fee at 2% would be Rs 28,000, bringing the total cost for these fees to Rs 1,26,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thirukkural 1st Street?

The Sub Registrar Office that covers Thirukkural 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 Chembakkam

The guideline value is a crucial factor during the registration of property transactions in Chembakkam. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, it is essential to be aware of the guideline value as it can influence the overall transaction costs. Buyers should ensure that the sale price is at least equal to the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Thirukkural 1st Street?

The current guideline value of Thirukkural 1st Street is Rs 1,400 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 several times, with the most recent increase being from Rs 1,300 per sq.ft in 2023 to Rs 1,400 per sq.ft in 2024, a rise of 8%. The value was Rs 871 per sq.ft in 2017 and Rs 1,300 per sq.ft in 2012.

What are the stamp duty and registration fees for properties in Thirukkural 1st 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. The duty is charged on the higher of the guideline value and the sale price.

Which office handles the registration for Thirukkural 1st Street?

The Selaiyur Sub Registrar Office handles the registration for Thirukkural 1st Street. It is located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

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

The guideline value is important as it sets the minimum price for property registration, ensuring that the government receives appropriate revenue through stamp duties and registration fees. Buyers should be aware of this value to avoid legal issues during the registration process.