Guideline Value for Heritage Jeyandrar Nagar 9th Cross Street

Heritage Jeyandrar Nagar 9th Cross Street guideline value

The current guideline value of Heritage Jeyandrar Nagar 9th 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 and is classified as Residential Class I Type - III.

How the guideline value of Heritage Jeyandrar Nagar 9th Cross Street has changed

The guideline value for Heritage Jeyandrar Nagar 9th Cross Street has seen several revisions over the years. In 2012, the guideline value was Rs 2,500 per sq.ft, which decreased to Rs 1,675 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,500 per sq.ft in 2023, and then to Rs 2,700 per sq.ft in 2024. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, there was a decrease of 33%. However, the value rose by 49% from 2017 to 2023. The overall change from 2012 to 2024 reflects an increase of 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 9th Cross Street above this median.

• Heritage Jeyandrar Nagar 8th Street: Rs 2,700 per sq.ft (2024)
• Heritage Jeyandrar Nagar 9th Street: Rs 2,700 per sq.ft (2024)
• Heritage Jeyandrar Nagar 8th Cross Street: Rs 2,700 per sq.ft (2024)
• Heritage Jeyandrar Nagar Extn: Rs 2,700 per sq.ft (2024)
• Heritage Jeyandrar Nagar 7th Street: 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 9th 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, bringing the total fees to Rs 2,43,000. Duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Heritage Jeyandrar Nagar 9th Cross Street?

The Heritage Jeyandrar Nagar 9th 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, 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 important factor during 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 sale process.

When registering a property, 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 9th Cross Street?

The current guideline value of Heritage Jeyandrar Nagar 9th 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 2012 to Rs 1,675 per sq.ft in 2017, then to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

What is the land classification for this street?

Heritage Jeyandrar Nagar 9th Cross Street is classified as Residential Class I Type - III.

What are the stamp duty and registration fees for properties 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.

Where is the 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.