Guideline Value for Heritage Jeyandrar Nagar 7th Cross Street Extn

Heritage Jeyandrar Nagar 7th Cross Street Extn guideline value

The current guideline value of Heritage Jeyandrar Nagar 7th Cross Street Extn is Rs 2,700 per sq.ft, effective from 1 July 2024. This property is located in Chembakkam village, under the Selaiyur SRO, and falls under the Residential Class I Type - III land classification.

How the guideline value of Heritage Jeyandrar Nagar 7th Cross Street Extn has changed

In the 2012 revision, the guideline value was set at Rs 2,500 per sq.ft. This value saw a decrease of 33% by the 2017 revision, which recorded a guideline value of Rs 1,675 per sq.ft. The value then increased significantly by 49% to Rs 2,500 per sq.ft in the 2023 revision. Following this, the 2024 revision has set the guideline value at Rs 2,700 per sq.ft, reflecting an 8% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%.

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 guideline value in the village is Rs 2,200 per sq.ft, placing Heritage Jeyandrar Nagar 7th Cross Street Extn above this median.

• Heritage Jeyandrar Nagar 7th Cross Street: Rs 2,700 per sq.ft (2024)
• Heritage Jeyandrar Nagar 7th Street: Rs 2,700 per sq.ft (2024)
• Heritage Jeyandrar Nagar 6th Street: Rs 2,700 per sq.ft (2024)
• Heritage Jeyandrar Nagar 8th Cross Street: Rs 2,700 per sq.ft (2024)
• Heritage Jeyandrar Nagar 6th Cross Street Extn: Rs 2,700 per sq.ft (2024)
• Heritage Jeyandrar Nagar 8th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Heritage Jeyandrar Nagar 7th 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 to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Heritage Jeyandrar Nagar 7th Cross Street Extn?

The Sub Registrar Office that covers Heritage Jeyandrar Nagar 7th Cross Street Extn 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 information.

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

The guideline value is an essential factor in property transactions in Chembakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Heritage Jeyandrar Nagar 7th Cross Street Extn?

The current guideline value of Heritage Jeyandrar Nagar 7th 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 back to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in this area?

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.

Which Sub Registrar Office covers this street?

The Selaiyur Sub Registrar Office covers Heritage Jeyandrar Nagar 7th Cross Street Extn, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What is the land classification for Heritage Jeyandrar Nagar 7th Cross Street Extn?

The land classification for Heritage Jeyandrar Nagar 7th Cross Street Extn is Residential Class I Type - III.