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Guideline Value

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Guideline Value for Heritage Jeyandrar Nagar 6th Cross Street

₹2700/sq.ft.

The guideline value for Heritage Jeyandrar Nagar 6th 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 6th Cross Street

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Heritage Jeyandrar Nagar 6th Cross Street guideline value

The current guideline value for Heritage Jeyandrar Nagar 6th 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, classified as Residential Class I Type - III.

How the guideline value of Heritage Jeyandrar Nagar 6th Cross Street has changed

The guideline value for Heritage Jeyandrar Nagar 6th Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was then reduced to Rs 1,675 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,500 per sq.ft in 2023 and further rose to Rs 2,700 per sq.ft in the 2024 revision, marking an 8% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. However, the value dropped by 33% from the 2012 revision to the 2017 revision. Overall, when comparing the 2012 revision to the 2024 revision, there has been an 8% increase. 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 among these streets is Rs 2,200 per sq.ft, making the 2024 guideline value for Heritage Jeyandrar Nagar 6th Cross Street above the median.

Stamp duty and registration fee for property in Heritage Jeyandrar Nagar 6th 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 at 7% would be 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 important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Heritage Jeyandrar Nagar 6th Cross Street?

The Heritage Jeyandrar Nagar 6th 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, Chengalpattu registration zone.

You can find your SRO for more information.

How the guideline value is used when you buy or sell in Chembakkam

When buying or selling property in Chembakkam, the guideline value plays a crucial role in determining the registration fees and stamp duty. This value is set by the Registration Department and is used as a benchmark for calculating the taxes associated with property transactions.

It is essential for buyers and sellers to be aware of the current guideline value to ensure that they are compliant with the legal requirements during the registration process. This helps in avoiding any potential disputes or complications that may arise from undervaluation or overvaluation of the property.

Frequently asked questions

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

The current guideline value for Heritage Jeyandrar Nagar 6th 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 several times, with the most recent revision in 2024 increasing it to Rs 2,700 per sq.ft from Rs 2,500 per sq.ft in 2023. The value has seen significant changes since 2012, including a drop in 2017 and an overall increase of 8% from 2012 to 2024.

What is the land classification for Heritage Jeyandrar Nagar 6th Cross Street?

Heritage Jeyandrar Nagar 6th Cross Street is classified as Residential Class I Type - III, indicating its suitability for residential development.

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, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Chembakkam?

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