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Guideline Value

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Guideline Value for Heritage Jeyandrar Nagar 4th Cross Street

₹2700/sq.ft.

The guideline value for Heritage Jeyandrar Nagar 4th Cross Street 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 4th Cross Street

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Heritage Jeyandrar Nagar 4th Cross Street guideline value

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

Over the years, the guideline value for Heritage Jeyandrar Nagar 4th Cross Street has seen several revisions. The 2012 revision recorded a value of Rs 2,500 per sq.ft, which was later revised to Rs 1,675 per sq.ft in 2017. This marked a significant decrease of 33%. However, from 2017 to 2023, the value increased by 49%, reaching Rs 2,500 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 2,700 per sq.ft, reflecting an increase of 8% from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street in the register. Overall, from 2012 to 2024, the guideline value has shown an increase of 8%.

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, placing Heritage Jeyandrar Nagar 4th Cross Street above this median.

Stamp duty and registration fee for property in Heritage Jeyandrar Nagar 4th 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 is charged at 7%, which totals Rs 1,89,000, and the registration fee at 2% amounts to Rs 54,000. Therefore, the total cost for stamp duty and registration fees would be Rs 2,43,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For a detailed calculation, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers Heritage Jeyandrar Nagar 4th 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 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 is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. The guideline value is typically assessed based on various factors, including the location and classification of the property.

When a buyer or seller approaches the Sub Registrar Office, the guideline value will be referenced to calculate the applicable duties. This ensures that the transaction is compliant with local regulations and reflects the official value set by the authorities.

Frequently asked questions

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

The current guideline value for Heritage Jeyandrar Nagar 4th 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 2023 to Rs 2,700 per sq.ft in 2024, an increase of 8%. It was Rs 1,675 per sq.ft in 2017, showing a significant increase of 49% to 2023.

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

Heritage Jeyandrar Nagar 4th Cross Street 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 the stamp duty calculated for properties in this area?

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