Guideline Value for SAIGANESH NAGAR 28TH CROSS STREET

Saiganesh Nagar 28th Cross Street guideline value

The current guideline value of Saiganesh Nagar 28th 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 28th Cross Street has changed

The guideline value for Saiganesh Nagar 28th Cross Street has undergone several revisions over the years. The earliest recorded revision was in 2012, where the value was Rs 2,000 per sq.ft. This was followed by a decrease to Rs 1,340 per sq.ft in 2017, marking a decline of 33%. In 2023, the guideline value increased to Rs 2,000 per sq.ft, and in the latest revision for 2024, it rose to Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded 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 also the current guideline value for Saiganesh Nagar 28th Cross Street.

• Saiganesh Nagar 27th Cross Street: Rs 2,200 per sq.ft (2024)
• Saiganesh Nagar 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• Saiganesh Nagar 26th Cross Street: Rs 2,200 per sq.ft (2024)
• Saiganesh Nagar 2nd Main Road: Rs 2,200 per sq.ft (2024)
• Saiganesh Nagar 25th Cross Street: Rs 2,200 per sq.ft (2024)
• Saiganesh Nagar 3rd Cross Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Saiganesh Nagar 28th 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 amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to 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 also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Saiganesh Nagar 28th Cross Street?

Saiganesh Nagar 28th 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 information.

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

The guideline value is a crucial factor during property registration in Jelandianpettai. When you buy or sell property, the guideline value helps determine the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

Understanding the guideline value is essential for both buyers and sellers, as it ensures compliance with local regulations and helps in the accurate calculation of associated costs during property transactions.

Frequently asked questions

What is the current guideline value for Saiganesh Nagar 28th Cross Street?

The current guideline value for Saiganesh Nagar 28th 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 28th Cross Street?

The land classification for Saiganesh Nagar 28th Cross Street is Residential Class II Type - I.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering Saiganesh Nagar 28th Cross Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is stamp duty calculated for properties in Jelandianpettai?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. It is typically set at 7% of the guideline value, along with a registration fee of 2%.