Guideline Value for SAIGANESH NAGAR 24TH CROSS STREET

Saiganesh Nagar 24th Cross Street guideline value

The current guideline value of Saiganesh Nagar 24th Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Jelandianpettai village, under the Chennai South Joint I SRO, and is classified as Residential Class II Type - I.

How the guideline value of Saiganesh Nagar 24th Cross Street has changed

The guideline value for Saiganesh Nagar 24th Cross Street has seen several revisions over the years. In 2012, the guideline value was Rs 2,000 per sq.ft, which decreased to Rs 1,340 per sq.ft in 2017. This was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 2,000 per sq.ft. The most recent revision in 2024 raised the value to Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. 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, with guideline values ranging from Rs 1,320 to Rs 7,500 per sq.ft. The median guideline value is Rs 2,200 per sq.ft, which aligns with the current value of Saiganesh Nagar 24th Cross Street.

• Saiganesh Nagar 23rd Cross Street: Rs 2,200 per sq.ft (2024)
• Saiganesh Nagar 25th Cross Street: Rs 2,200 per sq.ft (2024)
• Saiganesh Nagar 22nd Cross Street: Rs 2,200 per sq.ft (2024)
• Saiganesh Nagar 26th Cross Street: Rs 2,200 per sq.ft (2024)
• Saiganesh Nagar 21th Cross Street: Rs 2,200 per sq.ft (2024)
• Saiganesh Nagar 27th Cross Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Saiganesh Nagar 24th 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, making the total cost Rs 1,98,000. 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 detailed calculations.

Which Sub Registrar Office covers Saiganesh Nagar 24th Cross Street?

The Sub Registrar Office that covers Saiganesh Nagar 24th 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.

You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Jelandianpettai. It serves as a reference point for determining the applicable stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to be aware of the current guideline value, as it can significantly impact the overall costs associated with the purchase or sale of real estate in the area.

Frequently asked questions

What is the current guideline value of Saiganesh Nagar 24th Cross Street?

The current guideline value of Saiganesh Nagar 24th 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 increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

Are there any years with no guideline value for this street?

Yes, the register has no figures for the years 2002, 2003, and 2007 for Saiganesh Nagar 24th Cross Street.

What is the land classification of Saiganesh Nagar 24th Cross Street?

Saiganesh Nagar 24th Cross Street is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Saiganesh Nagar 24th Cross Street?

The Sub Registrar Office for Saiganesh Nagar 24th Cross Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.