Guideline Value for TELEPHONE NAGAR 10TH CROSS STREET

Telephone Nagar 10th Cross Street guideline value

The current guideline value of Telephone Nagar 10th Cross Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Perungudi village, under the Neelankarai SRO, and is classified as Residential Special Type - IV.

How the guideline value of Telephone Nagar 10th Cross Street has changed

The guideline value for Telephone Nagar 10th Cross Street has undergone several revisions over the years. In 2002, the guideline value was Rs 137 per sq.ft. This increased to Rs 155 per sq.ft in 2003, marking a change of +13%. The value saw a significant rise of +706% to Rs 1,250 per sq.ft in 2007. Following this, the value jumped to Rs 5,000 per sq.ft in 2012, reflecting a remarkable increase of +300%. However, from 2012 to 2017, the value decreased by -33% to Rs 3,350 per sq.ft. The guideline value then rose to Rs 5,000 per sq.ft in 2023, and the most recent revision in 2024 set it at Rs 5,500 per sq.ft, which is an increase of +10%.

Overall, from 2002 to 2024, the guideline value has increased by +3915%. The register has no figures for the years not mentioned in the revisions above.

Guideline values in Perungudi

In Perungudi village, there are 249 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value in this area is Rs 3,300 per sq.ft, meaning that the 2024 figure for Telephone Nagar 10th Cross Street is above this median.

• Telephone Nagar 11th Cross Street: Rs 5,500 per sq.ft (2024)
• Telephone Nagar 12th Cross Street: Rs 5,500 per sq.ft (2024)
• Telephone Nagar 13th Cross Street: Rs 5,500 per sq.ft (2024)
• Telephone Nagar 14th Cross Street: Rs 5,500 per sq.ft (2024)
• Telephone Nagar 15th Cross Street: Rs 5,500 per sq.ft (2024)
• Telephone Nagar 16th Cross Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Telephone Nagar 10th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total to Rs 4,95,000. 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 Telephone Nagar 10th Cross Street?

The Sub Registrar Office that covers Telephone Nagar 10th Cross Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Perungudi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is considered to ensure that the appropriate taxes are collected. Buyers and sellers must be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Telephone Nagar 10th Cross Street?

The current guideline value of Telephone Nagar 10th Cross Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 137 per sq.ft in 2002 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of +3915% over the years.

What is the land classification for Telephone Nagar 10th Cross Street?

Telephone Nagar 10th Cross Street is classified as Residential Special Type - IV.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions is 7% of the guideline value or the sale price, whichever is higher.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.