Guideline Value for SAIGANESH NAGAR VALLUVAR STREET

Saiganesh Nagar Valluvar Street guideline value

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

How the guideline value of Saiganesh Nagar Valluvar Street has changed

The guideline value for Saiganesh Nagar Valluvar 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. Subsequently, the value rose to Rs 2,000 per sq.ft again in 2023, and most recently, it increased to Rs 2,200 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%, while the change from 2012 to 2017 saw a decrease of 33%. Overall, the guideline value has increased by 10% from 2012 to 2024. 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 with a 2024 guideline value ranging from Rs 1,320 to Rs 7,500 per sq.ft. The median value is Rs 2,200 per sq.ft, which is equal to the current guideline value of Saiganesh Nagar Valluvar Street.

• Sai Ganesh Nagar (Part I To III): Rs 2,200 per sq.ft (2024)
• Sai Ganesh Nagar Part-II: Rs 1,480 per sq.ft (2024)
• Saiganesh Nagar 9th Cross Street: Rs 2,200 per sq.ft (2024)
• Saiganesh Nagar 3rd Cross Street: Rs 2,200 per sq.ft (2024)
• Saiganesh Nagar 2nd Main Road: Rs 2,200 per sq.ft (2024)
• Saiganesh Nagar 2nd Cross Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Saiganesh Nagar Valluvar 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, while the registration fee at 2% would be Rs 44,000. Together, the total cost for stamp duty and registration fee would be Rs 1,98,000. It is important to note that 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 information.

Which Sub Registrar Office covers Saiganesh Nagar Valluvar Street?

Saiganesh Nagar Valluvar 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 details.

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

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

When a buyer or seller approaches the registration office, the guideline value is assessed to calculate the applicable charges. This ensures that the transaction is recorded accurately and complies with the regulations set by the local authorities.

Frequently asked questions

What is the current guideline value of Saiganesh Nagar Valluvar Street?

The current guideline value of Saiganesh Nagar Valluvar 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 other streets in Jelandianpettai with similar guideline values?

Other streets in Jelandianpettai include Sai Ganesh Nagar (Part I To III), Saiganesh Nagar 9th Cross Street, Saiganesh Nagar 3rd Cross Street, Saiganesh Nagar 2nd Main Road, and Saiganesh Nagar 2nd Cross Street, all with a guideline value of Rs 2,200 per sq.ft in 2024.

What is the registration fee and stamp duty for properties on this 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. This is calculated based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office handles transactions for this street?

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