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Guideline Value

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Guideline Value for Thirukkural 2nd Cross Street

₹1400/sq.ft.

The guideline value for Thirukkural 2nd Cross 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 ₹250 /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 Thirukkural 2nd Cross Street

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Thirukkural 2nd Cross Street guideline value

The current guideline value of Thirukkural 2nd Cross 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 Thirukkural 2nd Cross Street has changed

The guideline value for Thirukkural 2nd Cross Street has seen several revisions over the years. In 2007, the guideline value was Rs 250 per sq.ft, which increased significantly to Rs 1,300 per sq.ft in 2012, marking a rise of 420%. However, it then decreased to Rs 871 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 1,300 per sq.ft in 2023, and most recently, it increased to Rs 1,400 per sq.ft in 2024, reflecting an 8% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 460%.

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 Thirukkural 2nd Cross Street below this median.

Stamp duty and registration fee for property in Thirukkural 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value, 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, bringing the total fees to Rs 1,26,000. It is important to note that 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 2nd Cross Street?

The Thirukkural 2nd Cross Street is covered by 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 plays a crucial role in the registration process when buying or selling property in Chembakkam. It is used to determine the stamp duty and registration fees that need to be paid during the property registration process.

When a property is sold, the sale price or the guideline value, whichever is higher, is considered for calculating the stamp duty and registration fees. This ensures that the government collects appropriate taxes based on the property's value as determined by the guideline value.

Frequently asked questions

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

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

How has the guideline value changed over the years?

Over the years, the guideline value has changed significantly, from Rs 250 per sq.ft in 2007 to Rs 1,400 per sq.ft in 2024, reflecting an overall increase of 460%.

What is the land classification for Thirukkural 2nd Cross Street?

Thirukkural 2nd Cross Street is classified as Residential Class II Type - II.

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.

How is the stamp duty calculated for properties in Chembakkam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 14,00,000 would incur a stamp duty of Rs 98,000 at 7%.