Guideline Value

Corporate

Guideline Value for Vembuli Nagar 1st Street

₹1400/sq.ft.

The guideline value for Vembuli Nagar 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 Vembuli Nagar 1st Street

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Vembuli Nagar 1st Street guideline value

The current guideline value of Vembuli Nagar 1st 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 Vembuli Nagar 1st Street has changed

Over the years, the guideline value of Vembuli Nagar 1st Street has seen several revisions. The 2012 revision set the value at Rs 1,300 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 871 per sq.ft. Following this, the 2023 revision increased the value to Rs 1,300 per sq.ft, and the most recent 2024 revision has set it at Rs 1,400 per sq.ft. The register has no figure for this street in the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%. The change from 2023 to 2024 reflects an increase of 8%. Overall, the guideline value has increased by 8% from 2012 to 2024.

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO that carry a 2024 guideline value 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, placing Vembuli Nagar 1st Street below that median.

Stamp duty and registration fee for property in Vembuli Nagar 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 amounts to 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 to 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 more details.

Which Sub Registrar Office covers Vembuli Nagar 1st Street?

The Sub Registrar Office that covers Vembuli Nagar 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. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Chembakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and fairness in property transactions.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This means that understanding the guideline value is essential for both buyers and sellers in Chembakkam.

Frequently asked questions

What is the current guideline value of Vembuli Nagar 1st Street?

The current guideline value of Vembuli Nagar 1st 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 1,300 per sq.ft in 2023 to Rs 1,400 per sq.ft in 2024, reflecting an increase of 8%. The value also increased from Rs 871 per sq.ft in 2017 to Rs 1,300 per sq.ft in 2023, a rise of 49%.

What is the land classification for Vembuli Nagar 1st Street?

Vembuli Nagar 1st Street is classified as Residential Class II Type - II. This classification is important for understanding the types of developments allowed in the area.

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.

What is the median guideline value in Chembakkam?

The median guideline value for streets in Chembakkam is Rs 2,200 per sq.ft. Vembuli Nagar 1st Street's guideline value is below this median at Rs 1,400 per sq.ft.