Guideline Value for Heritage Jeyandrar Nagar 5th Cross Street

Heritage Jeyandrar Nagar 5th Cross Street guideline value

The current guideline value of Heritage Jeyandrar Nagar 5th Cross Street 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 5th Cross Street has changed

The guideline value for Heritage Jeyandrar Nagar 5th Cross Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,700 per sq.ft, which is 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. This indicates a significant increase of 49% from 2017 to 2023. The 2012 revision also recorded a value of Rs 2,500 per sq.ft, which was a decrease of 33% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 8%.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. The 2012, 2017, 2023, and 2024 revisions provide a clear picture of the changes in guideline value over time.

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 of Heritage Jeyandrar Nagar 5th Cross Street is above this median, reflecting its specific valuation.

• Heritage Jeyandrar Nagar 4th Street: Rs 2,700 per sq.ft (2024)
• Heritage Jeyandrar Nagar 5th Cross Street Extn: Rs 2,700 per sq.ft (2024)
• Heritage Jeyandrar Nagar 4th Cross Street Extn: Rs 2,700 per sq.ft (2024)
• Heritage Jeyandrar Nagar 5th Street: Rs 2,700 per sq.ft (2024)
• Heritage Jeyandrar Nagar 4th Cross Street: Rs 2,700 per sq.ft (2024)
• Heritage Jeyandrar Nagar 6th Cross Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Heritage Jeyandrar Nagar 5th 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 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 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.

For more detailed calculations, you can use our stamp duty and registration fee calculator.

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

The Heritage Jeyandrar Nagar 5th Cross Street 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 plays a crucial role in the property registration process in Chembakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which can significantly impact the overall cost of the transaction.

Frequently asked questions

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

The current guideline value of Heritage Jeyandrar Nagar 5th 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 1,675 per sq.ft in 2017 to Rs 2,700 per sq.ft in 2024, with various revisions in between, including Rs 2,500 per sq.ft in 2023 and 2012.

What is the land classification for Heritage Jeyandrar Nagar 5th Cross Street?

The land classification for Heritage Jeyandrar Nagar 5th Cross Street is Residential Class I Type - III.

Where is the Selaiyur Sub Registrar Office located?

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 are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 2,43,000.