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Guideline Value

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Guideline Value for Heritage Jeyandrar Nagar 5th Cross Street Extn

₹2700/sq.ft.

The guideline value for Heritage Jeyandrar Nagar 5th 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 5th Cross Street Extn

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Heritage Jeyandrar Nagar 5th Cross Street Extn guideline value

The current guideline value of Heritage Jeyandrar Nagar 5th Cross Street Extn is Rs 2,700 per sq.ft, effective from 1 July 2024. This property 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 5th Cross Street Extn has changed

The guideline value for Heritage Jeyandrar Nagar 5th Cross Street Extn has seen several revisions over the years. In 2012, the guideline value was recorded at Rs 2,500 per sq.ft. This figure remained unchanged until the next revision in 2017, where it dropped to Rs 1,675 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back up to Rs 2,500 per sq.ft. The latest revision in 2024 set the guideline value at Rs 2,700 per sq.ft, reflecting an 8% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO that carry a guideline value for 2024, ranging from Rs 850 to Rs 6,700 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, positioning Heritage Jeyandrar Nagar 5th Cross Street Extn above that median.

Stamp duty and registration fee for property in Heritage Jeyandrar Nagar 5th 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 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 cost for these fees 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 details.

Which Sub Registrar Office covers Heritage Jeyandrar Nagar 5th Cross Street Extn?

The Heritage Jeyandrar Nagar 5th 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, within 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 when buying or selling property in Chembakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. This ensures that the transaction reflects a fair value based on government assessments.

When you register a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This means that understanding the guideline value is essential for accurate financial planning during property transactions.

Frequently asked questions

What is the current guideline value for Heritage Jeyandrar Nagar 5th Cross Street Extn?

The current guideline value for Heritage Jeyandrar Nagar 5th 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 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 other streets in Chembakkam with the same guideline value?

Other streets in Chembakkam with a guideline value of Rs 2,700 per sq.ft for 2024 include Heritage Jeyandrar Nagar 5th Street, 4th Street, 6th Cross Street, 4th Cross Street Extn, and 6th Cross Street Extn.

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 property transactions?

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