Guideline Value for Heritage Jeyandrar Nagar 10th Street

Heritage Jeyandrar Nagar 10th Street guideline value

The current guideline value of Heritage Jeyandrar Nagar 10th Street is Rs 2,700 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 I Type - III.

How the guideline value of Heritage Jeyandrar Nagar 10th Street has changed

The guideline value for Heritage Jeyandrar Nagar 10th Street has undergone several revisions over the years. In 2012, the guideline value was Rs 2,500 per sq.ft, which decreased to Rs 1,675 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,500 per sq.ft in 2023, and then further rose to Rs 2,700 per sq.ft in the 2024 revision. The register has no figure for this street in 2002, 2003, and 2007.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 shows an increase of 8% in the guideline value.

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 this area is Rs 2,200 per sq.ft, placing Heritage Jeyandrar Nagar 10th Street above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, resulting in a total of Rs 2,43,000. Duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Heritage Jeyandrar Nagar 10th Street?

The Sub Registrar Office that covers Heritage Jeyandrar Nagar 10th 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. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Chembakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration process reflects the true value of the property in the market.

Frequently asked questions

What is the current guideline value of Heritage Jeyandrar Nagar 10th Street?

The current guideline value of Heritage Jeyandrar Nagar 10th Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then back to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

What is the land classification for Heritage Jeyandrar Nagar 10th Street?

Heritage Jeyandrar Nagar 10th Street is classified as Residential Class I Type - III.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Heritage Jeyandrar Nagar 10th Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 27,00,000, the stamp duty would be calculated at 7% of this amount.