Guideline Value for Heritage Jeyandrar Nagar Extn

Heritage Jeyandrar Nagar Extn guideline value

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

How the guideline value of Heritage Jeyandrar Nagar Extn has changed

The guideline value for Heritage Jeyandrar Nagar Extn has undergone several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 1,675 per sq.ft. In 2023, the value increased to Rs 2,500 per sq.ft, and the latest revision in 2024 raised it to Rs 2,700 per sq.ft, reflecting an increase of 8% from the previous year.

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

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 850 to Rs 6,700 per sq.ft. The median value is Rs 2,200 per sq.ft, and Heritage Jeyandrar Nagar Extn's 2024 figure is above this median.

• Heritage Jeyandrar Nagar 9th Street: Rs 2,700 per sq.ft (2024)
• Heritage Jeyandrar Nagar 9th Cross Street: Rs 2,700 per sq.ft (2024)
• Heritage Jeyandrar Nagar 8th Street: Rs 2,700 per sq.ft (2024)
• Heritage Jeyandrar Nagar 8th Cross Street: 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 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 or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Heritage Jeyandrar Nagar Extn?

The Heritage Jeyandrar Nagar Extn 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, within 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 plays a crucial role during the registration of property transactions in Chembakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This process helps maintain transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value for Heritage Jeyandrar Nagar Extn?

The current guideline value for Heritage Jeyandrar Nagar Extn is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has seen several revisions, with the most recent increase from Rs 2,500 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024, marking an 8% increase.

What are the other streets in Chembakkam with the same guideline value?

Several other streets in Chembakkam have the same guideline value of Rs 2,700 per sq.ft for 2024, including Heritage Jeyandrar Nagar 9th Street, 9th Cross Street, 8th Street, 8th Cross Street, 7th Street, and 7th Cross Street Extn.

What is the registration fee for property in Heritage Jeyandrar Nagar Extn?

The registration fee for property in Heritage Jeyandrar Nagar Extn is calculated based on the guideline value. For a property valued at Rs 27,00,000, the registration fee would be Rs 54,000 at a rate of 2%.

Which office handles the registration for Heritage Jeyandrar Nagar Extn?

The Selaiyur Sub Registrar Office handles the registration for Heritage Jeyandrar Nagar Extn, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.