Guideline Value

Corporate

Guideline Value for Vembuli Nagar Main Road

₹1400/sq.ft.

The guideline value for Vembuli Nagar 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]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Vembuli Nagar Main Road

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Vembuli Nagar Main Road guideline value

The current guideline value of Vembuli Nagar Main Road 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 Main Road has changed

The guideline value for Vembuli Nagar Main Road has undergone several revisions over the years. In 2007, the guideline value was set at Rs 250 per sq.ft. This increased significantly to Rs 1,300 per sq.ft in 2012, marking a substantial rise of 420%. However, it then decreased to Rs 871 per sq.ft in 2017, representing a decline of 33%. The subsequent revision in 2023 brought the value up to Rs 1,300 per sq.ft, followed by another increase to Rs 1,400 per sq.ft in 2024, which is an 8% rise from the previous year.

The register has no figures for the years 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 that carry a 2024 guideline value ranging from Rs 850 to Rs 6,700 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for Vembuli Nagar Main Road is below this median.

Stamp duty and registration fee for property in Vembuli Nagar 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, and the registration fee at 2% would be Rs 28,000, together totaling Rs 1,26,000. 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 Vembuli Nagar Main Road?

The Vembuli Nagar 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 plays a crucial role in the registration process of property transactions in Chembakkam. It is used to calculate the stamp duty and registration fees that buyers and sellers must pay when completing a property sale.

When a property is sold, the guideline value is considered as a benchmark. The stamp duty is charged based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Vembuli Nagar Main Road?

The current guideline value of Vembuli Nagar 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 several times, from Rs 250 per sq.ft in 2007 to Rs 1,400 per sq.ft in 2024, reflecting an overall increase of 460% since 2007.

What are the other streets with the same guideline value in Chembakkam?

Other streets in Chembakkam with the same guideline value of Rs 1,400 per sq.ft include Vembuli Nagar 1st Street, Vembuli Nagar 2nd Street, Vembuli Nagar, and Vembuli Bhavanandhiar Street Extn.

What is the registration fee for property in Vembuli Nagar Main Road?

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 14,00,000, the registration fee would be Rs 28,000.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the Selaiyur Sub Registrar Office located at No.36, Bharathmatha Salai, East Tambaram, Selaiyur, Chennai - 600 073, or by using the provided link to find your SRO.