Guideline Value for Thirukkural Main Road
₹1400/sq.ft.
The guideline value for Thirukkural Main Road 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]
Records for a plot on Thirukkural Main Road
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Selaiyur sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Thirukkural Main Road guideline value
The current guideline value of Thirukkural Main Road is Rs 1,400 per sq.ft, effective from 1 July 2024. This road is located in Chembakkam village under the Selaiyur SRO and is classified as Residential Class II Type - II.
How the guideline value of Thirukkural Main Road has changed
The guideline value for Thirukkural Main Road has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 250 per sq.ft, which saw a significant increase to Rs 1,300 per sq.ft in the 2012 revision. However, this value decreased to Rs 871 per sq.ft in the 2017 revision, before climbing back to Rs 1,300 per sq.ft in the 2023 revision. The most recent revision in 2024 has set the value at Rs 1,400 per sq.ft.
From 2007 to 2024, the overall increase in guideline value is 460%. Notably, the change from 2023 to 2024 reflects an increase of 8%. There are no figures available for the revisions in 2002 and 2003 for this street.
Guideline values in Chembakkam
In Chembakkam, there are 472 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 850 to Rs 6,700 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, indicating that Thirukkural Main Road's 2024 value is below this median.
- Thirukkural Street: Rs 1,400 per sq.ft (2024)
- Thirukkural 2nd Street: Rs 1,400 per sq.ft (2024)
- Thirukkural 2nd Main Road: Rs 1,400 per sq.ft (2024)
- Thirukkural 2nd Cross Street: Rs 1,400 per sq.ft (2024)
- Thirukkural 1st Street: Rs 1,400 per sq.ft (2024)
- Thirukkural 1st Main Road: Rs 1,400 per sq.ft (2024)
Stamp duty and registration fee for property in Thirukkural Main Road
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, while the registration fee at 2% would be Rs 28,000, bringing the total to Rs 1,26,000. It is important to note that the 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 Thirukkural Main Road?
The Thirukkural Main Road falls under 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 in property transactions in Chembakkam. It serves as a benchmark for determining the minimum value of a property, ensuring that the registration fee and stamp duty are calculated appropriately based on this value.
When buying or selling property, the guideline value helps establish transparency in the transaction process. It protects both the buyer and seller by ensuring that the property is valued fairly according to the established rates in the region.
Frequently asked questions
What is the current guideline value of Thirukkural Main Road?
The current guideline value of Thirukkural Main Road 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 significantly from Rs 250 per sq.ft in 2007 to Rs 1,400 per sq.ft in 2024, representing a total increase of 460% over the years.
What is the median guideline value in Chembakkam?
The median guideline value for streets in Chembakkam is Rs 2,200 per sq.ft, which is higher than the current value of Thirukkural Main Road.
What are the stamp duty and registration fees for properties in this area?
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.
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.
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