Guideline Value for SAIGANESH NAGAR 20TH CROSS STREET

Saiganesh Nagar 20th Cross Street guideline value

The current guideline value of Saiganesh Nagar 20th 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 20th Cross Street has changed

The guideline value for Saiganesh Nagar 20th Cross Street has seen several revisions over the years. The earliest available revision 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, then an increase back to Rs 2,000 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft.

From 2017 to 2023, there was a significant increase of 49%. The guideline value then increased by 10% from 2023 to 2024. Overall, comparing 2012 to 2024, the increase is 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

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 is equal to the current value of Saiganesh Nagar 20th Cross Street.

• Saiganesh Nagar 1st Main Road: Rs 2,200 per sq.ft (2024)
• Saiganesh Nagar 21th Cross Street: Rs 2,200 per sq.ft (2024)
• Saiganesh Nagar 19th Cross Street: Rs 2,200 per sq.ft (2024)
• Saiganesh Nagar 22nd Cross Street: Rs 2,200 per sq.ft (2024)
• Saiganesh Nagar 18th Cross Street: Rs 2,200 per sq.ft (2024)
• Saiganesh Nagar 23rd Cross Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Saiganesh Nagar 20th 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, totaling Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Saiganesh Nagar 20th Cross Street?

The Sub Registrar Office that covers Saiganesh Nagar 20th Cross Street is the Chennai South Joint I Sub Registrar Office, located at the 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 when buying or selling property in Jelandianpettai. It is used to determine the applicable stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately in the official registry.

When you register a property, the guideline value helps in establishing the legal framework for the transaction. It is important for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Saiganesh Nagar 20th Cross Street?

The current guideline value of Saiganesh Nagar 20th 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 back 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 20th Cross Street?

The land classification for Saiganesh Nagar 20th Cross Street is Residential Class II Type - I.

What are the stamp duty and registration fees based on the guideline value?

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, totaling Rs 1,98,000.

Which office handles the registration for Saiganesh Nagar 20th Cross Street?

The Chennai South Joint I Sub Registrar Office handles the registration for Saiganesh Nagar 20th Cross Street, located at the Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.