Guideline Value for Heritage Jeyandrar Nagar 3rd Cross Street

Heritage Jeyandrar Nagar 3rd Cross Street guideline value

The current guideline value of Heritage Jeyandrar Nagar 3rd 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 is classified as Residential Class I Type - III.

How the guideline value of Heritage Jeyandrar Nagar 3rd Cross Street has changed

Over the years, the guideline value for Heritage Jeyandrar Nagar 3rd Cross Street has seen several revisions. The 2012 revision recorded a guideline value of Rs 2,500 per sq.ft, which then decreased to Rs 1,675 per sq.ft in the 2017 revision. Following this, the value significantly increased to Rs 2,500 per sq.ft in the 2023 revision, and finally rose to Rs 2,700 per sq.ft in the 2024 revision. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, while from 2017 to 2023, the guideline value increased by 49%. The transition from 2023 to 2024 shows an increase of 8%. Overall, the guideline value has increased by 8% from 2012 to 2024.

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 for these streets is Rs 2,200 per sq.ft, placing the 2024 figure for Heritage Jeyandrar Nagar 3rd Cross Street above this median.

• Heritage Jeyandrar Nagar 2nd Street: Rs 2,700 per sq.ft (2024)
• Heritage Jeyandrar Nagar 3rd Cross Street Extn: Rs 2,700 per sq.ft (2024)
• Heritage Jeyandrar Nagar 2nd Cross Street Extn: Rs 2,700 per sq.ft (2024)
• Heritage Jeyandrar Nagar 3rd Street: Rs 2,700 per sq.ft (2024)
• Heritage Jeyandrar Nagar 2nd Cross Street: Rs 2,700 per sq.ft (2024)
• Heritage Jeyandrar Nagar 4th Cross Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Heritage Jeyandrar Nagar 3rd Cross Street

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 higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Heritage Jeyandrar Nagar 3rd Cross Street?

The Sub Registrar Office that covers Heritage Jeyandrar Nagar 3rd 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, 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 Chembakkam

The guideline value is a crucial factor when registering property transactions in Chembakkam. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased, ensuring that transactions are conducted at a fair price as per government regulations.

When buyers or sellers approach the Selaiyur SRO for registration, the guideline value is used to calculate applicable stamp duty and registration fees. This ensures that the fees are based on the guideline value or the sale price, whichever is higher, providing a clear framework for property transactions.

Frequently asked questions

What is the current guideline value of Heritage Jeyandrar Nagar 3rd Cross Street?

The current guideline value of Heritage Jeyandrar Nagar 3rd 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 increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in this area?

For a 1,000 sq.ft property, the total guideline value is Rs 27,00,000. The stamp duty at 7% is Rs 1,89,000, and the registration fee at 2% is Rs 54,000, totaling Rs 2,43,000.

Which Sub Registrar Office covers Heritage Jeyandrar Nagar 3rd Cross Street?

The Selaiyur Sub Registrar Office covers Heritage Jeyandrar Nagar 3rd Cross Street, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Chennai - 600 073.

What is the land classification of Heritage Jeyandrar Nagar 3rd Cross Street?

Heritage Jeyandrar Nagar 3rd Cross Street is classified as Residential Class I Type - III, indicating its suitability for residential development.