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Guideline Value

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Guideline Value for Heritage Jeyandrar Nagar 1st Cross Street Extn

₹2700/sq.ft.

The guideline value for Heritage Jeyandrar Nagar 1st Cross Street Extn in Chembakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 2700 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Chembakkam

Village

Selaiyur

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹2700 /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 N/A
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 Heritage Jeyandrar Nagar 1st Cross Street Extn

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Heritage Jeyandrar Nagar 1st Cross Street Extn guideline value

The current guideline value of Heritage Jeyandrar Nagar 1st Cross Street Extn is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Chembakkam village and falls under the Selaiyur SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Heritage Jeyandrar Nagar 1st Cross Street Extn has changed

The guideline value for Heritage Jeyandrar Nagar 1st Cross Street Extn has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was then reduced to Rs 1,675 per sq.ft in the 2017 revision. Following this, the 2023 revision brought the value back up to Rs 2,500 per sq.ft, and the most recent 2024 revision increased it to Rs 2,700 per sq.ft, marking an 8% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. The register has no 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, with a median value of Rs 2,200 per sq.ft. The guideline value for Heritage Jeyandrar Nagar 1st Cross Street Extn is above this median.

Stamp duty and registration fee for property in Heritage Jeyandrar Nagar 1st Cross Street Extn

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, bringing the total to Rs 2,43,000. 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 Jeyandrar Nagar 1st Cross Street Extn?

The Heritage Jeyandrar Nagar 1st Cross Street Extn is covered by 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 an essential factor when buying or selling property in Chembakkam, as it determines the minimum value at which a property can be registered. This value is used by the registration department to calculate applicable stamp duty and registration fees.

When a property is sold, the guideline value or the sale price is considered, and the higher of the two is used for calculating the stamp duty. This ensures that the registration fees reflect the true value of the transaction.

Frequently asked questions

What is the current guideline value of Heritage Jeyandrar Nagar 1st Cross Street Extn?

The current guideline value of Heritage Jeyandrar Nagar 1st Cross Street Extn 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 multiple times, with the most recent revision in 2024 increasing it to Rs 2,700 per sq.ft from Rs 2,500 per sq.ft in 2023. The value was Rs 1,675 per sq.ft in 2017, showing a significant increase over the years.

What is the land classification for Heritage Jeyandrar Nagar 1st Cross Street Extn?

The land classification for Heritage Jeyandrar Nagar 1st Cross Street Extn is Residential Class I Type - III.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated for properties in Heritage Jeyandrar Nagar 1st Cross Street Extn?

Stamp duty is calculated based on the higher value between the guideline value and the sale price. For example, for a property valued at Rs 27,00,000, the stamp duty at 7% would be Rs 1,89,000.