Guideline Value for Shenoy Nagar 5th Cross Street

Shenoy Nagar 5th Cross Street guideline value

The current guideline value of Shenoy Nagar 5th Cross Street is Rs 11,500 per sq.ft, effective from 1 July 2024. This street is located in Periakudal village under the AnnaNagar SRO, with a land classification of Residential Special Type - I.

How the guideline value of Shenoy Nagar 5th Cross Street has changed

The guideline value for Shenoy Nagar 5th Cross Street has seen several revisions over the years. In 2007, the guideline value was Rs 2,300 per sq.ft, which increased significantly to Rs 10,500 per sq.ft in 2012, marking a rise of 357%. However, from 2012 to 2017, the value decreased to Rs 7,035 per sq.ft, a drop of 33%. The value then rose again to Rs 10,500 per sq.ft in 2023, which was a 49% increase. The most recent revision in 2024 set the guideline value at Rs 11,500 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available 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 carry 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 the same as the guideline value for Shenoy Nagar 5th Cross Street.

• Shenoy Nagar 4th Cross Street: Rs 11,500 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 3rd Main Road: Rs 12,100 per sq.ft (2024)
• Shenoy Nagar 8h Cross Street: Rs 11,500 per sq.ft (2024)
• Shenoy Nagar 8th Cross CIT Colony: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in Shenoy Nagar 5th 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 would be Rs 1,15,00,000. The stamp duty at 7% would amount to Rs 8,05,000, and the registration fee at 2% would be Rs 2,30,000, totaling 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Shenoy Nagar 5th Cross Street?

The Sub Registrar Office covering Shenoy Nagar 5th 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 information.

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

The guideline value is an essential factor in property transactions in Periakudal, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that must be paid during the registration process.

It is crucial for buyers and sellers to be aware of the current guideline value, as this will affect the overall costs associated with property transactions. The guideline value ensures transparency and helps maintain a standard for property pricing in the area.

Frequently asked questions

What is the current guideline value of Shenoy Nagar 5th Cross Street?

The current guideline value of Shenoy Nagar 5th 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 significantly, from Rs 2,300 per sq.ft in 2007 to Rs 11,500 per sq.ft in 2024, marking an overall increase of 400% over this period.

What are the stamp duty and registration fees for property transactions?

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 office handles registrations for Shenoy Nagar 5th Cross Street?

The AnnaNagar Sub Registrar Office handles registrations for Shenoy Nagar 5th Cross Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for Shenoy Nagar 5th Cross Street?

The land classification for Shenoy Nagar 5th Cross Street is Residential Special Type - I.