Guideline Value for Shenoy Nagar 4th Cross Street

Shenoy Nagar 4th Cross Street guideline value

The current guideline value of Shenoy Nagar 4th Cross Street is Rs 11,500 per sq.ft, effective from 1 July 2024. This street is located in Periakudal 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 4th Cross Street has changed

The guideline value for Shenoy Nagar 4th Cross Street has undergone several revisions over the years. The earliest recorded revision is from 2007, where the guideline value was Rs 2,300 per sq.ft. This increased significantly to Rs 10,500 per sq.ft in 2012, marking a 357% rise. However, it then decreased to Rs 7,035 per sq.ft in 2017, which is a drop of 33%. In 2023, the value was revised to Rs 10,500 per sq.ft, and the most recent revision in 2024 set it at Rs 11,500 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 400%.

Guideline values in Periakudal

In Periakudal, there are 101 streets under the AnnaNagar SRO that have a 2024 guideline value ranging from Rs 3,300 to Rs 23,553 per sq.ft. The median guideline value for these streets is Rs 11,500 per sq.ft, which is equal to the current value of Shenoy Nagar 4th Cross Street.

• Shenoy Nagar 5th Cross Street: Rs 11,500 per sq.ft (2024)
• Shenoy Nagar 3rd Main Road: Rs 12,100 per sq.ft (2024)
• Shenoy Nagar 6th Cross Street: Rs 11,500 per sq.ft (2024)
• Shenoy Nagar 7th Cross Street: Rs 11,500 per sq.ft (2024)
• Shenoy Nagar 2nd Main Road: Rs 12,100 per sq.ft (2024)
• Shenoy Nagar 8h Cross Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in Shenoy Nagar 4th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 11,500 per sq.ft, the total guideline value is Rs 1,15,00,000. The stamp duty at 7% would amount to Rs 8,05,000, while the registration fee at 2% would be Rs 2,30,000. Together, these fees would total Rs 10,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Shenoy Nagar 4th Cross Street?

The Sub Registrar Office that covers Shenoy Nagar 4th Cross Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Periakudal. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees payable. This ensures that the transaction is recorded at a value recognized by the government.

It is essential for buyers and sellers to be aware of the guideline value as it directly affects the overall cost of property transactions. Understanding the guideline value helps in planning the financial aspects of buying or selling property in the area.

Frequently asked questions

What is the current guideline value of Shenoy Nagar 4th Cross Street?

The current guideline value of Shenoy Nagar 4th Cross Street is Rs 11,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,300 per sq.ft in 2007 to Rs 11,500 per sq.ft in 2024, reflecting an overall increase of 400% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 1,15,00,000, the stamp duty would be Rs 8,05,000, and the registration fee would be Rs 2,30,000, totaling Rs 10,35,000.

Which Sub Registrar Office serves Shenoy Nagar 4th Cross Street?

The AnnaNagar Sub Registrar Office serves Shenoy Nagar 4th Cross Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for Shenoy Nagar 4th Cross Street?

The land classification for Shenoy Nagar 4th Cross Street is Residential Special Type - I.