Guideline Value for SAIGANESH NAGAR 10TH CROSS STREET

Saiganesh Nagar 10th Cross Street guideline value

The current guideline value of Saiganesh Nagar 10th Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Jelandianpettai village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Saiganesh Nagar 10th Cross Street has changed

The guideline value for Saiganesh Nagar 10th Cross Street has seen several revisions over the years. The earliest recorded figure is from 2012, where the guideline value was Rs 2,000 per sq.ft. This was followed by a decrease to Rs 1,340 per sq.ft in 2017. The value then increased to Rs 2,000 per sq.ft in 2023, before reaching the current value of Rs 2,200 per sq.ft in 2024. There are no figures available for the years 2002, 2003, and 2007 for this street.

Between the revisions, significant changes have occurred. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Jelandianpettai

In Jelandianpettai, there are 248 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 7,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, which matches the current value for Saiganesh Nagar 10th Cross Street.

• Saiganesh Nagar 11th Cross Street: Rs 2,200 per sq.ft (2024)
• Saiganesh Nagar 12th Cross Street: Rs 2,200 per sq.ft (2024)
• Saiganesh Nagar 13rd Cross Street: Rs 2,200 per sq.ft (2024)
• Saiganesh Nagar 17th Cross Street: Rs 2,200 per sq.ft (2024)
• Saiganesh Nagar 18th Cross Street: Rs 2,200 per sq.ft (2024)
• Saiganesh Nagar 19th Cross Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Saiganesh Nagar 10th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000. Together, the total fees would be Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Saiganesh Nagar 10th Cross Street?

The Sub Registrar Office that covers Saiganesh Nagar 10th Cross Street is the Chennai South Joint I Sub Registrar Office. The address is Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Jelandianpettai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in accordance with government regulations.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. These fees are based on the higher of the guideline value or the actual sale price, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Saiganesh Nagar 10th Cross Street?

The current guideline value of Saiganesh Nagar 10th Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for Saiganesh Nagar 10th Cross Street?

Saiganesh Nagar 10th Cross Street is classified as Residential Class II Type - I.

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

For a property valued at Rs 22,00,000, the stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000.

Which office handles property registrations for Saiganesh Nagar 10th Cross Street?

The Chennai South Joint I Sub Registrar Office handles property registrations for Saiganesh Nagar 10th Cross Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.