Guideline Value for Heritage Jayendrar Nagar

Heritage Jayendrar Nagar guideline value

The current guideline value of Heritage Jayendrar Nagar is Rs 2,700 per sq.ft, effective from 1 July 2024. This locality is situated in Chembakkam village under the Selaiyur SRO, classified as Residential Class I Type - III.

How the guideline value of Heritage Jayendrar Nagar has changed

The guideline value for Heritage Jayendrar Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 250 per sq.ft, which increased significantly to Rs 2,500 per sq.ft by 2012, marking a rise of 900%. However, in 2017, the value decreased to Rs 1,675 per sq.ft, a drop of 33%. The value then increased to Rs 2,500 per sq.ft in 2023, followed by a further increase to the current value of Rs 2,700 per sq.ft in 2024, representing an 8% rise.

Overall, from 2007 to 2024, the guideline value has increased by 980%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 6,700 per sq.ft. The median guideline value in the village is Rs 2,200 per sq.ft, and Heritage Jayendrar Nagar's current value is above this median.

• Heritage Jeyandrar Nagar 10th Cross Street: Rs 2,700 per sq.ft (2024)
• Heritage Jeyandrar Nagar 10th Street: Rs 2,700 per sq.ft (2024)
• Heritage Jeyandrar Nagar 11th Cross Street: Rs 2,700 per sq.ft (2024)
• Heritage Jeyandrar Nagar 11th Street: Rs 2,700 per sq.ft (2024)
• Heritage Jeyandrar Nagar 12th Cross Street: Rs 2,700 per sq.ft (2024)
• Heritage Jeyandrar Nagar 12th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Heritage Jayendrar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. 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 details.

Which Sub Registrar Office covers Heritage Jayendrar Nagar?

The Sub Registrar Office that covers Heritage Jayendrar 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, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Chembakkam, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is set by the registration department and is used to calculate the taxes applicable during the registration process.

It is essential for buyers and sellers to be aware of the guideline value, as it affects the overall cost of the transaction. Ensuring that the property is registered at the correct guideline value helps in avoiding any legal issues in the future.

Frequently asked questions

What is the current guideline value of Heritage Jayendrar Nagar?

The current guideline value of Heritage Jayendrar Nagar is Rs 2,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 250 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 980%.

What are the stamp duty and registration fees for property in Heritage Jayendrar Nagar?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000, and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which Sub Registrar Office covers Heritage Jayendrar Nagar?

The Selaiyur Sub Registrar Office covers Heritage Jayendrar Nagar, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Chennai - 600 073.

How is the guideline value determined for properties in Chembakkam?

The guideline value for properties in Chembakkam is determined by the registration department and is based on various factors, including land classification and location. It serves as a basis for calculating stamp duty and registration fees during property transactions.