Guideline Value for SAIGANESH NAGAR 13RD CROSS STREET

Saiganesh Nagar 13rd Cross Street guideline value

The current guideline value of Saiganesh Nagar 13rd 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 13rd Cross Street has changed

The guideline value for Saiganesh Nagar 13rd Cross Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which then decreased to Rs 1,340 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,000 per sq.ft in 2023, and then further rose to Rs 2,200 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. Overall, from 2012 to 2024, the guideline value has increased by 10%.

In the years prior to 2012, the register has no figure for this street for the years 2002, 2003, and 2007. The changes between the revisions are notable: from 2017 to 2023, there was a 49% increase, while the 2012 to 2017 period saw a decrease of 33%.

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 value is Rs 2,200 per sq.ft, which is equal to the current guideline value of Saiganesh Nagar 13rd Cross Street.

• Saiganesh Nagar 12th Cross Street: Rs 2,200 per sq.ft (2024)
• Saiganesh Nagar 17th Cross Street: Rs 2,200 per sq.ft (2024)
• Saiganesh Nagar 11th Cross Street: Rs 2,200 per sq.ft (2024)
• Saiganesh Nagar 18th Cross Street: Rs 2,200 per sq.ft (2024)
• Saiganesh Nagar 10th 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 13rd 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 cost for these 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 more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Saiganesh Nagar 13rd Cross Street?

Saiganesh Nagar 13rd Cross Street is covered by the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Jelandianpettai. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value serves as a benchmark for calculating these costs. Buyers should be aware that the fees are based on the guideline value or the sale price, whichever is higher, ensuring that the appropriate amount is collected for government revenue.

Frequently asked questions

What is the current guideline value of Saiganesh Nagar 13rd Cross Street?

The current guideline value of Saiganesh Nagar 13rd 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 significantly from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased 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 13rd Cross Street?

The land classification for Saiganesh Nagar 13rd Cross Street is Residential Class II Type - I, indicating its designation for residential use.

What other streets have the same guideline value in Jelandianpettai?

Other streets in Jelandianpettai with the same guideline value of Rs 2,200 per sq.ft include Saiganesh Nagar 12th Cross Street, 17th Cross Street, 11th Cross Street, 18th Cross Street, 10th Cross Street, and 19th Cross Street.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value of the property or the sale price, whichever is higher. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000.