Guideline Value for SAIGANESH NAGAR 9TH CROSS STREET

Saiganesh Nagar 9th Cross Street guideline value

The current guideline value of Saiganesh Nagar 9th 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, classified as Residential Class II Type - I.

How the guideline value of Saiganesh Nagar 9th Cross Street has changed

Over the years, the guideline value of Saiganesh Nagar 9th Cross Street has seen several revisions. The 2012 revision set the value at Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,000 per sq.ft in the 2023 revision and further to Rs 2,200 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the value rose by 49%, while the 2012 to 2017 period saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value increased by 10%. The register has no figures 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, with the median being Rs 2,200 per sq.ft. Saiganesh Nagar 9th Cross Street's 2024 figure matches this median.

• Saiganesh Nagar 3rd Cross Street: Rs 2,200 per sq.ft (2024)
• Sai Ganesh Nagar Part-II: Rs 1,480 per sq.ft (2024)
• Saiganesh Nagar 2nd Main Road: Rs 2,200 per sq.ft (2024)
• Sai Ganesh Nagar (Part I To III): Rs 2,200 per sq.ft (2024)
• Saiganesh Nagar 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• Saiganesh Nagar Valluvar Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Saiganesh Nagar 9th Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the 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, totaling Rs 1,98,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Saiganesh Nagar 9th Cross Street?

The Sub Registrar Office that covers Saiganesh Nagar 9th 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 more information.

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

The guideline value plays a crucial role during property transactions in Jelandianpettai. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the actual sale price.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in real estate transactions. It is important for both buyers and sellers to understand how these values are set and revised over time.

Frequently asked questions

What is the current guideline value of Saiganesh Nagar 9th Cross Street?

The current guideline value of Saiganesh Nagar 9th 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 to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Saiganesh Nagar 9th Cross Street?

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 registrations for Saiganesh Nagar 9th Cross Street?

The Chennai South Joint I Sub Registrar Office handles registrations for Saiganesh Nagar 9th Cross Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is the guideline value determined in Jelandianpettai?

The guideline value in Jelandianpettai is determined based on various factors and is revised periodically. It reflects the value of properties in the area and is used to calculate applicable fees during property transactions.