Guideline Value for Shenoy Nagar 2nd cross Street

Shenoy Nagar 2nd cross Street guideline value

The current guideline value of Shenoy Nagar 2nd cross Street is Rs 14,300 per sq.ft, effective from 1 July 2024. This street is located in Aminjikarai village and falls under the AnnaNagar SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Shenoy Nagar 2nd cross Street has changed

The guideline value for Shenoy Nagar 2nd cross Street has undergone several revisions over the years. In 2007, the value was set at Rs 2,000 per sq.ft, which saw a significant increase to Rs 13,000 per sq.ft in 2012. However, from 2012 to 2017, the value decreased to Rs 8,710 per sq.ft. The years 2002 and 2003 have no figures for this street in the register. The value then rose to Rs 13,000 per sq.ft in 2023, and currently stands at Rs 14,300 per sq.ft as of the 2024 revision, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 615%. The increase from 2017 to 2023 was 49%, while the jump from 2007 to 2012 was a remarkable 550%. The fluctuations in the guideline value reflect the changes in the real estate landscape over the years.

Guideline values in Aminjikarai

Aminjikarai village has a total of 99 streets under the AnnaNagar SRO, with guideline values ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median guideline value in this village is Rs 4,400 per sq.ft, placing Shenoy Nagar 2nd cross Street above that median.

• Shenoy Nagar 3nd cross Street: Rs 14,300 per sq.ft (2024)
• Shenoy Nagar 4th cross Street: Rs 14,300 per sq.ft (2024)
• Shenoy Nagar East Ist Main Road: Rs 14,300 per sq.ft (2024)
• Shenoy Nagar East Main Road: Rs 14,300 per sq.ft (2024)
• Shenoy Nagar Ist cross Street: Rs 14,300 per sq.ft (2024)
• Shenoy Nagar Ist west Main Road: Rs 14,300 per sq.ft (2024)

Stamp duty and registration fee for property in Shenoy Nagar 2nd cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 14,300 per sq.ft, the total guideline value amounts to Rs 1,43,00,000. The stamp duty at 7% would be Rs 10,01,000, and the registration fee at 2% would be Rs 2,86,000, leading to a total of Rs 12,87,000. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Shenoy Nagar 2nd cross Street?

The Sub Registrar Office that covers Shenoy Nagar 2nd cross Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). For more information, you can find your SRO.

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

The guideline value plays a crucial role when buying or selling property in Aminjikarai. It serves as a benchmark for determining the minimum value at which a property can be registered. This value is essential for calculating the stamp duty and registration fees that are applicable during the transaction.

When a property is sold, the guideline value ensures that the transaction is recorded accurately, reflecting the value of the property as per the government's assessment. Buyers and sellers must be aware of this value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Shenoy Nagar 2nd cross Street?

The current guideline value of Shenoy Nagar 2nd cross Street is Rs 14,300 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 2007 to Rs 14,300 per sq.ft in 2024, which is an overall increase of 615%. There were fluctuations in the values during the revisions, including a decrease from 2012 to 2017.

What is the land classification for Shenoy Nagar 2nd cross Street?

The land classification for Shenoy Nagar 2nd cross Street is Residential Special Type - I. This classification indicates the type of development permitted in the area.

Where can I find the registration office for Shenoy Nagar 2nd cross Street?

The registration office for Shenoy Nagar 2nd cross Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in Shenoy Nagar 2nd cross Street?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,43,00,000, the stamp duty at 7% would be Rs 10,01,000.