Guideline Value for SAIGANESH NAGAR 22ND CROSS STREET

Saiganesh Nagar 22nd Cross Street guideline value

The current guideline value of Saiganesh Nagar 22nd 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 22nd Cross Street has changed

The guideline value for Saiganesh Nagar 22nd Cross Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was reduced to Rs 1,340 per sq.ft in the 2017 revision. Following that, the value increased to Rs 2,000 per sq.ft in 2023, and the most recent revision in 2024 raised it further to Rs 2,200 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value saw a significant increase of 49%. The overall change from 2012 to 2024 reflects a 10% increase, marking a steady rise in the guideline value over the years.

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 for these streets is Rs 2,200 per sq.ft, which is equal to the current guideline value for Saiganesh Nagar 22nd Cross Street.

• Saiganesh Nagar 21th Cross Street: Rs 2,200 per sq.ft (2024)
• Saiganesh Nagar 23rd Cross Street: Rs 2,200 per sq.ft (2024)
• Saiganesh Nagar 20th Cross Street: Rs 2,200 per sq.ft (2024)
• Saiganesh Nagar 24th Cross Street: Rs 2,200 per sq.ft (2024)
• Saiganesh Nagar 1st Main Road: Rs 2,200 per sq.ft (2024)
• Saiganesh Nagar 25th Cross Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Saiganesh Nagar 22nd 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, leading to a total of 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.

You can use our stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers Saiganesh Nagar 22nd Cross Street?

The Sub Registrar Office that covers Saiganesh Nagar 22nd Cross Street is 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. For further assistance, you can find your SRO.

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

The guideline value plays a critical role during the registration process when buying or selling property 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 the official records.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, ensuring that all transactions are compliant with local regulations.

Frequently asked questions

What is the current guideline value of Saiganesh Nagar 22nd Cross Street?

The current guideline value of Saiganesh Nagar 22nd 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 2023 to Rs 2,200 per sq.ft in 2024. It was Rs 1,340 per sq.ft in 2017 and Rs 2,000 per sq.ft in 2012.

What is the land classification for Saiganesh Nagar 22nd Cross Street?

The land classification for Saiganesh Nagar 22nd Cross Street is Residential Class II Type - I.

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

Other streets in Jelandianpettai with the same guideline value of Rs 2,200 per sq.ft include Saiganesh Nagar 21th Cross Street, Saiganesh Nagar 23rd Cross Street, Saiganesh Nagar 20th Cross Street, Saiganesh Nagar 24th Cross Street, Saiganesh Nagar 1st Main Road, and Saiganesh Nagar 25th Cross Street.

Where can I find the Sub Registrar Office for Saiganesh Nagar 22nd Cross Street?

The Sub Registrar Office for Saiganesh Nagar 22nd Cross Street is 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.