Guideline Value for Heritage Jeyandrar Nagar 13th Cross Street

Heritage Jeyandrar Nagar 13th Cross Street guideline value

The current guideline value of Heritage Jeyandrar Nagar 13th Cross 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 falls under the Residential Class I Type - III land classification.

How the guideline value of Heritage Jeyandrar Nagar 13th Cross Street has changed

Looking at the historical revisions, the guideline value for this street has seen several changes. In 2012, the value was Rs 2,500 per sq.ft, which then 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 most recently, it has risen to Rs 2,700 per sq.ft in 2024, marking an 8% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has seen a net increase of 8%. It is important to note that the register does not have figures for the years 2002, 2003, and 2007 for this street.

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. The median guideline value for these streets is Rs 2,200 per sq.ft, making the guideline value of Heritage Jeyandrar Nagar 13th Cross Street above the median.

• Heritage Jeyandrar Nagar 12th Street: Rs 2,700 per sq.ft (2024)
• Heritage Jeyandrar Nagar 13th Street: Rs 2,700 per sq.ft (2024)
• Heritage Jeyandrar Nagar 12th Cross Street: Rs 2,700 per sq.ft (2024)
• Heritage Jeyandrar Nagar 1st Cross Street: Rs 2,700 per sq.ft (2024)
• Heritage Jeyandrar Nagar 11th Street: Rs 2,700 per sq.ft (2024)
• Heritage Jeyandrar Nagar 1st Cross Street Extn: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Heritage Jeyandrar Nagar 13th Cross Street

For a 1,000 sq.ft plot at the current guideline value, 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, bringing the total to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Heritage Jeyandrar Nagar 13th Cross Street?

The Sub Registrar Office that covers Heritage Jeyandrar Nagar 13th Cross 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., 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 serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware that the guideline value is used to calculate the stamp duty and registration fees. This ensures transparency and fairness in property transactions, as it reflects the official valuation of the property based on its location and characteristics.

Frequently asked questions

What is the current guideline value of Heritage Jeyandrar Nagar 13th Cross Street?

The current guideline value of Heritage Jeyandrar Nagar 13th Cross 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 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 of Heritage Jeyandrar Nagar 13th Cross Street?

Heritage Jeyandrar Nagar 13th Cross Street is classified as Residential Class I Type - III.

What are the other streets with the same guideline value?

Other streets in Chembakkam with the same guideline value of Rs 2,700 per sq.ft include Heritage Jeyandrar Nagar 12th Street, Heritage Jeyandrar Nagar 13th Street, Heritage Jeyandrar Nagar 12th Cross Street, Heritage Jeyandrar Nagar 1st Cross Street, Heritage Jeyandrar Nagar 11th Street, and Heritage Jeyandrar Nagar 1st Cross Street Extn.

Where is the Sub Registrar Office for Heritage Jeyandrar Nagar 13th Cross Street located?

The Sub Registrar Office for Heritage Jeyandrar Nagar 13th Cross Street is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.