Guideline Value for Heritage Jeyandrar Nagar 4th Cross Street Extn

Heritage Jeyandrar Nagar 4th Cross Street Extn guideline value

The current guideline value for Heritage Jeyandrar Nagar 4th Cross Street Extn 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 4th Cross Street Extn has changed

Over the years, the guideline value for Heritage Jeyandrar Nagar 4th Cross Street Extn has undergone several revisions. The most recent revision in 2024 set the value at Rs 2,700 per sq.ft, an increase from Rs 2,500 per sq.ft in 2023, marking an 8% rise. Prior to that, in 2017, the value was Rs 1,675 per sq.ft, which means there was a significant increase of 49% from 2017 to 2023. The 2012 revision also recorded a value of Rs 2,500 per sq.ft, indicating a decrease of 33% from the 2017 figure.

From 2012 to 2024, the overall change in the guideline value is an increase of 8%. It's important to note that 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, with guideline values ranging from Rs 850 to Rs 6,700 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing the 2024 figure for Heritage Jeyandrar Nagar 4th Cross Street Extn above this median.

• Heritage Jeyandrar Nagar 4th Cross Street: Rs 2,700 per sq.ft (2024)
• Heritage Jeyandrar Nagar 4th Street: Rs 2,700 per sq.ft (2024)
• Heritage Jeyandrar Nagar 3rd Street: Rs 2,700 per sq.ft (2024)
• Heritage Jeyandrar Nagar 5th Cross 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 5th Cross Street Extn: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Heritage Jeyandrar Nagar 4th 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, making the total cost for these fees 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 detailed calculations.

Which Sub Registrar Office covers Heritage Jeyandrar Nagar 4th Cross Street Extn?

The Heritage Jeyandrar Nagar 4th Cross Street Extn falls under 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 crucial factor when registering property in Chembakkam. It serves as a benchmark for determining the minimum price at which a property can be sold or transferred. During the registration process, the guideline value is used to calculate the applicable stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair price, which helps in maintaining transparency in property dealings. It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value for Heritage Jeyandrar Nagar 4th Cross Street Extn?

The current guideline value for Heritage Jeyandrar Nagar 4th 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 seen several revisions, with the most recent increase of 8% from Rs 2,500 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024. Overall, from 2012 to 2024, the value increased by 8%.

What is the land classification for Heritage Jeyandrar Nagar 4th Cross Street Extn?

Heritage Jeyandrar Nagar 4th Cross Street Extn is classified as 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 4th Cross Street Extn?

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