Guideline Value for Heritage Jeyandrar Nagar 6th Street

Heritage Jeyandrar Nagar 6th Street guideline value

The current guideline value of Heritage Jeyandrar Nagar 6th Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Chembakkam village, 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 Street has changed

The guideline value for Heritage Jeyandrar Nagar 6th 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 the 2023 revision, and further to Rs 2,700 per sq.ft in the 2024 revision, marking 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.

From 2012 to 2017, there was a decrease of 33%, while from 2017 to 2023, the value increased by 49%. Overall, comparing the 2012 and 2024 revisions, 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 village is Rs 2,200 per sq.ft, which means that the 2024 guideline value for Heritage Jeyandrar Nagar 6th Street is above this median.

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

Stamp duty and registration fee for property in Heritage Jeyandrar Nagar 6th 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, making the total cost for these fees 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 information on calculating fees, you can use our stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers Heritage Jeyandrar Nagar 6th 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 details.

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

The guideline value is a crucial factor when buying or selling property in Chembakkam, as it determines the minimum value at which a property can be registered. Buyers must ensure that the sale price of the property is at least equal to the guideline value to avoid any legal complications during registration.

Additionally, the guideline value is used to calculate stamp duty and registration fees, which are mandatory costs associated with property transactions. This ensures that all transactions are conducted transparently and in accordance with the regulations set by the Registration Department.

Frequently asked questions

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

The current guideline value of Heritage Jeyandrar Nagar 6th 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 and Rs 2,500 per sq.ft in 2012.

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

The land classification for Heritage Jeyandrar Nagar 6th Street is Residential Class I Type - III.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Heritage Jeyandrar Nagar 6th Street is located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated for properties in Chembakkam?

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