Guideline Value for Shenoy Nagar Ist Main Road

Shenoy Nagar Ist Main Road guideline value

The current guideline value of Shenoy Nagar Ist Main Road is Rs 12,600 per sq.ft, effective from 1 July 2024. This road is located in Periakudal village and falls under the AnnaNagar SRO, classified as Mixed Type - III.

How the guideline value of Shenoy Nagar Ist Main Road has changed

The guideline value for Shenoy Nagar Ist Main Road has seen several revisions over the years. In 2007, the value was Rs 2,300 per sq.ft, which increased significantly to Rs 11,500 per sq.ft in 2012. However, it saw a decrease to Rs 7,705 per sq.ft in 2017. The value then rose to Rs 11,500 per sq.ft in 2023, before reaching the current figure of Rs 12,600 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 448%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street.

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, with a median value of Rs 11,500 per sq.ft. The guideline value for Shenoy Nagar Ist Main Road is above this median.

• Shenoy Nagar Ist Cross Street: Rs 11,500 per sq.ft (2024)
• Shenoy Nagar Park: Rs 11,500 per sq.ft (2024)
• Shenoy Nagar first West Main Road: Rs 12,600 per sq.ft (2024)
• Shenoy Nagar West Club Road: Rs 11,500 per sq.ft (2024)
• Shenoy Nagar West , Gandhi 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 Ist Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 12,600 per sq.ft, the total guideline value amounts to Rs 1,26,00,000. The stamp duty at 7% would be Rs 8,82,000, and the registration fee at 2% would be Rs 2,52,000, bringing the total fees together to Rs 11,34,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Shenoy Nagar Ist Main Road?

The Sub Registrar Office that covers Shenoy Nagar Ist Main Road 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 a crucial factor when buying or selling property in Periakudal, as it determines the stamp duty and registration fees payable during the transaction. Buyers should be aware that the guideline value is used to assess the official value of the property for registration purposes.

When registering a property, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the property is legally recognized and that the transaction is recorded accurately.

Frequently asked questions

What is the current guideline value of Shenoy Nagar Ist Main Road?

The current guideline value of Shenoy Nagar Ist Main Road is Rs 12,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,300 per sq.ft in 2007 to Rs 12,600 per sq.ft in 2024, reflecting an overall increase of 448% over the years.

What are the stamp duty and registration fees for property in Shenoy Nagar Ist Main Road?

For a 1,000 sq.ft plot, the total guideline value is Rs 1,26,00,000. The stamp duty is Rs 8,82,000 and the registration fee is Rs 2,52,000, totaling Rs 11,34,000.

Which Sub Registrar Office covers Shenoy Nagar Ist Main Road?

The AnnaNagar Sub Registrar Office covers Shenoy Nagar Ist Main Road, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for Shenoy Nagar Ist Main Road?

Shenoy Nagar Ist Main Road is classified as Mixed Type - III, indicating a blend of residential and commercial properties in the area.