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Guideline Value

Corporate

Guideline Value for Vinobha Nagar 1st Main Road

₹2750/sq.ft.

The guideline value for Vinobha Nagar 1st Main Road in Selaiyur village (Selaiyur SRO, Chengalpattu zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Selaiyur

Village

Selaiyur

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹450 /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 Vinobha Nagar 1st Main Road

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Vinobha Nagar 1st Main Road guideline value

The current guideline value of Vinobha Nagar 1st Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024. This road is located in Selaiyur village, under the Selaiyur SRO, and falls under the Residential Class I Type - III land classification.

How the guideline value of Vinobha Nagar 1st Main Road has changed

The guideline value for Vinobha Nagar 1st Main Road has seen significant changes over the years. In the 2007 revision, the value was Rs 450 per sq.ft, which increased dramatically to Rs 2,500 per sq.ft in 2012, marking a 456% increase. However, the value dropped to Rs 1,675 per sq.ft in 2017, a decrease of 33%. Following this, the 2023 revision set the value at Rs 2,500 per sq.ft, which was a substantial increase of 49% from the previous figure. The most recent revision in 2024 has raised the guideline value to Rs 2,750 per sq.ft, reflecting a 10% increase from 2023.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, there has been an impressive increase of 511% in the guideline value.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 6,500 per sq.ft. The median guideline value in this village is Rs 2,200 per sq.ft, placing the 2024 figure for Vinobha Nagar 1st Main Road above this median.

Stamp duty and registration fee for property in Vinobha Nagar 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, while the registration fee at 2% would be Rs 55,000, bringing the total fees to Rs 2,47,500. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Vinobha Nagar 1st Main Road?

The Sub Registrar Office covering Vinobha Nagar 1st Main Road 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 further assistance.

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

The guideline value is a crucial factor in property transactions in Selaiyur, as it determines the minimum value at which properties can be registered. This value is used to calculate the stamp duty and registration fees, which are mandatory for any sale or purchase of property.

When buying or selling property, it is important to be aware of the current guideline value, as it can affect the total costs involved in the transaction. Ensuring compliance with the guideline value helps in smooth processing during registration at the Sub Registrar Office.

Frequently asked questions

What is the current guideline value of Vinobha Nagar 1st Main Road?

The current guideline value of Vinobha Nagar 1st Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 450 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 511% over the years.

What is the median guideline value in Selaiyur?

The median guideline value in Selaiyur is Rs 2,200 per sq.ft, with Vinobha Nagar 1st Main Road's 2024 figure being above this median.

What are the stamp duty and registration fees for property in Vinobha Nagar 1st Main Road?

For a 1,000 sq.ft plot, the total guideline value is Rs 27,50,000, with stamp duty at Rs 1,92,500 and registration fee at Rs 55,000, totaling Rs 2,47,500.

Which office handles property registration for Vinobha Nagar 1st Main Road?

The Selaiyur Sub Registrar Office handles property registration for Vinobha Nagar 1st Main Road, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.