Guideline Value for Heritage Jeyandrar Nagar 8th Cross Street

Heritage Jeyandrar Nagar 8th Cross Street guideline value

The current guideline value of Heritage Jeyandrar Nagar 8th 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 8th Cross Street has changed

The guideline value for Heritage Jeyandrar Nagar 8th Cross Street has undergone several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was Rs 2,500 per sq.ft. This figure remained unchanged until the next revision in 2017, where it dropped to Rs 1,675 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value saw a significant increase of 49%, reaching Rs 2,500 per sq.ft. The most recent revision in 2024 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 a total of 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 this area is Rs 2,200 per sq.ft, placing Heritage Jeyandrar Nagar 8th Cross Street above the median value for 2024.

• Heritage Jeyandrar Nagar 7th Street: Rs 2,700 per sq.ft (2024)
• Heritage Jeyandrar Nagar 8th 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 9th Cross Street: Rs 2,700 per sq.ft (2024)
• Heritage Jeyandrar Nagar 7th Cross Street: Rs 2,700 per sq.ft (2024)
• Heritage Jeyandrar Nagar 9th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Heritage Jeyandrar Nagar 8th 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. Together, the total cost for stamp duty and registration fee would be 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.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Heritage Jeyandrar Nagar 8th Cross Street?

The Heritage Jeyandrar Nagar 8th Cross Street is covered by 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 when buying or selling property in Chembakkam, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that are payable during the transaction.

When a buyer purchases a property, the guideline value ensures that the transaction is recorded accurately and transparently, reflecting the true worth of the property in the registry. It serves as a benchmark for both buyers and sellers to understand the value of real estate in the area.

Frequently asked questions

What is the current guideline value of Heritage Jeyandrar Nagar 8th Cross Street?

The current guideline value of Heritage Jeyandrar Nagar 8th 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 2,500 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024, representing an 8% increase. It was Rs 1,675 per sq.ft in 2017, which was a 49% increase from the previous value of Rs 2,500 in 2012.

What is the median guideline value in Chembakkam?

The median guideline value in Chembakkam is Rs 2,200 per sq.ft. The guideline value for Heritage Jeyandrar Nagar 8th Cross Street is above this median at Rs 2,700 per sq.ft.

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

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 27,00,000, the total stamp duty and registration fee would amount to Rs 2,43,000.

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. This office handles registrations for Heritage Jeyandrar Nagar 8th Cross Street.