Guideline Value

Corporate

Guideline Value for Vinobha Nagar

₹2750/sq.ft.

The guideline value for Vinobha Nagar 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

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Vinobha Nagar guideline value

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

How the guideline value of Vinobha Nagar has changed

Over the years, the guideline value of Vinobha Nagar has seen several revisions. The 2007 revision set the value at Rs 450 per sq.ft, which then increased significantly to Rs 2,500 per sq.ft in 2012. However, this was followed by a decrease to Rs 1,675 per sq.ft in 2017. The value then rose to Rs 2,500 per sq.ft in 2023, and the latest revision in 2024 has increased it further to Rs 2,750 per sq.ft. The register has no figures for the years 2002 and 2003 for this street.

In terms of percentage changes, the guideline value increased by 456% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then saw a significant increase of 49% from 2017 to 2023. The jump from 2023 to 2024 is 10%. Overall, from 2007 to 2024, the guideline value has increased by 511%.

Guideline values in Selaiyur

In Selaiyur village, there are 478 streets under the Selaiyur SRO, with 2024 guideline values ranging from Rs 850 to Rs 6,500 per sq.ft. The median value among these streets is Rs 2,200 per sq.ft, making the guideline value of Vinobha Nagar above the median.

Stamp duty and registration fee for property in Vinobha Nagar

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. Together, the total cost for stamp duty and registration would be Rs 2,47,500. It is important to note that the 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 information.

Which Sub Registrar Office covers Vinobha Nagar?

The Sub Registrar Office covering Vinobha Nagar 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 more details.

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

The guideline value is a crucial factor when buying or selling property in Selaiyur. It serves as a reference point for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during property transactions.

When registering a property, the guideline value will often influence the stamp duty and registration fees that need to be paid. Therefore, understanding the guideline value is essential for anyone involved in real estate transactions in Selaiyur.

Frequently asked questions

What is the current guideline value of Vinobha Nagar?

The current guideline value of Vinobha Nagar 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 changed 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 are the other streets in Selaiyur with the same guideline value?

Other streets in Selaiyur with the same guideline value of Rs 2,750 per sq.ft include Vinobha Nagar 1st Cross Street, Vinobha Nagar 1st Main Road, Vinobha Nagar 1st Street, Vinobha Nagar 2nd Cross Street, Vinobha Nagar 2nd Street, and Vinobha Nagar 3rd Cross Street.

Where can I find the Sub Registrar Office for Vinobha Nagar?

The Sub Registrar Office for Vinobha Nagar 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 Vinobha Nagar?

Stamp duty for properties in Vinobha Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2% on the guideline value.