Guideline Value for Shenoy Nagar West Club Road

Shenoy Nagar West Club Road guideline value

The current guideline value of Shenoy Nagar West Club Road is Rs 11,500 per sq.ft, effective from 1 July 2024. This road 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 West Club Road has changed

The guideline value for Shenoy Nagar West Club Road has seen several revisions over the years. The oldest recorded figure is from 2007, where the value was Rs 2,300 per sq.ft. This increased significantly to Rs 10,500 per sq.ft in 2012, marking a rise of 357%. However, by 2017, the value decreased to Rs 7,035 per sq.ft, a drop of 33%. The value then rose to Rs 10,500 per sq.ft in 2023, representing a substantial increase of 49%. The most recent revision in 2024 set the value at Rs 11,500 per sq.ft, showing a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 in the register 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 current value for Shenoy Nagar West Club Road.

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

Stamp duty and registration fee for property in Shenoy Nagar West Club Road

For a 1,000 sq.ft plot at the current guideline value of Rs 11,500 per sq.ft, the total guideline value amounts to Rs 1,15,00,000. The stamp duty at 7% would be Rs 8,05,000, and the registration fee at 2% would be Rs 2,30,000, bringing the total fees to Rs 10,35,000. It is important to note that the 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 details.

Which Sub Registrar Office covers Shenoy Nagar West Club Road?

The Sub Registrar Office that covers Shenoy Nagar West Club Road is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By 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 the registration process when buying or selling property in Periakudal. It helps determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to ensure that the transaction is registered at a fair value, which is crucial for legal and taxation purposes. Buyers and sellers should be aware of the current guideline value to accurately calculate their costs during the sale process.

Frequently asked questions

What is the current guideline value of Shenoy Nagar West Club Road?

The current guideline value of Shenoy Nagar West Club Road 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 increased 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 the years.

What is the land classification for Shenoy Nagar West Club Road?

The land classification for Shenoy Nagar West Club Road is Residential Special Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Shenoy Nagar West Club Road is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 11,500 per sq.ft, the stamp duty would be calculated on Rs 1,15,00,000.