Guideline Value for SAIGANESH NAGAR 27TH CROSS STREET

Saiganesh Nagar 27th Cross Street guideline value

The current guideline value for Saiganesh Nagar 27th 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 27th Cross Street has changed

The guideline value for Saiganesh Nagar 27th Cross Street has seen several revisions over the years. In 2012, the guideline value was set at Rs 2,000 per sq.ft, which then decreased to Rs 1,340 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 2,000 per sq.ft, resulting in a rise of 49%. The latest revision in 2024 has brought the guideline value to Rs 2,200 per sq.ft, reflecting 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 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 value of Saiganesh Nagar 27th Cross Street.

• Saiganesh Nagar 26th Cross Street: Rs 2,200 per sq.ft (2024)
• Saiganesh Nagar 28th Cross Street: Rs 2,200 per sq.ft (2024)
• Saiganesh Nagar 25th Cross Street: Rs 2,200 per sq.ft (2024)
• Saiganesh Nagar 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• Saiganesh Nagar 24th Cross Street: Rs 2,200 per sq.ft (2024)
• Saiganesh Nagar 2nd Main Road: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Saiganesh Nagar 27th 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, bringing the total to Rs 1,98,000. Please note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Saiganesh Nagar 27th Cross Street?

Saiganesh Nagar 27th 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. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Jelandianpettai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold, the buyer and seller must consider the guideline value to ensure compliance with local regulations. This value helps in establishing a fair transaction amount that aligns with the local property market.

Frequently asked questions

What is the current guideline value of Saiganesh Nagar 27th Cross Street?

The current guideline value of Saiganesh Nagar 27th 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 are the other streets in Jelandianpettai with the same guideline value?

Other streets in Jelandianpettai, such as Saiganesh Nagar 26th Cross Street, 28th Cross Street, 25th Cross Street, 2nd Cross Street, 24th Cross Street, and 2nd Main Road, all have a guideline value of Rs 2,200 per sq.ft for 2024.

How is the stamp duty calculated for properties in Saiganesh Nagar 27th Cross Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000.

Which office handles the registration of properties in Saiganesh Nagar 27th Cross Street?

The registration of properties in Saiganesh Nagar 27th Cross Street is handled 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.