Guideline Value for Heritage Jeyandrar Nagar 6th Cross Street Extn

Heritage Jeyandrar Nagar 6th Cross Street Extn guideline value

The current guideline value of Heritage Jeyandrar Nagar 6th 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 6th Cross Street Extn has changed

The guideline value for Heritage Jeyandrar Nagar 6th Cross Street Extn has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was later reduced to Rs 1,675 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 2,500 per sq.ft, marking a 49% rise. The most recent revision in 2024 has 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 there are no figures available for the revisions in 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 with 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 6th Cross Street Extn above this median.

• Heritage Jeyandrar Nagar 6th Cross Street: Rs 2,700 per sq.ft (2024)
• Heritage Jeyandrar Nagar 6th Street: Rs 2,700 per sq.ft (2024)
• Heritage Jeyandrar Nagar 5th Street: Rs 2,700 per sq.ft (2024)
• Heritage Jeyandrar Nagar 7th Cross 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 7th Cross Street Extn: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Heritage Jeyandrar Nagar 6th 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, leading to a total of Rs 2,43,000. It is essential to note that 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 6th Cross Street Extn?

The Heritage Jeyandrar Nagar 6th 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 in the registration process when buying or selling property in Chembakkam. It determines the minimum value at which a property can be registered, thereby influencing the stamp duty and registration fees applicable to the transaction.

Frequently asked questions

What is the current guideline value of Heritage Jeyandrar Nagar 6th Cross Street Extn?

The current guideline value of Heritage Jeyandrar Nagar 6th 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 2023 to Rs 2,700 per sq.ft in 2024, which is an 8% increase. It was Rs 1,675 per sq.ft in 2017, indicating a 49% rise from that revision to the current one.

What is the land classification for this area?

The land classification for Heritage Jeyandrar Nagar 6th Cross Street Extn is Residential Class I Type - III. This classification is important for understanding the zoning regulations applicable to the area.

What are the stamp duty and registration fees for a property here?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for this street?

The Selaiyur Sub Registrar Office handles registrations for Heritage Jeyandrar Nagar 6th Cross Street Extn. The office is located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.