Guideline Value for TELEPHONE NAGAR 11TH CROSS STREET

Telephone Nagar 11th Cross Street guideline value

The current guideline value of Telephone Nagar 11th 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 it falls under the Residential Special Type - IV land classification.

How the guideline value of Telephone Nagar 11th Cross Street has changed

The guideline value for Telephone Nagar 11th Cross Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 137 per sq.ft, which increased to Rs 155 per sq.ft in 2003. The subsequent revision in 2007 saw a significant jump to Rs 1,250 per sq.ft, reflecting a change of +706%. In 2012, the value was revised to Rs 5,000 per sq.ft, marking a decrease of -33% from the previous figure. The 2017 revision brought the value up to Rs 3,350 per sq.ft, an increase of +49%. In 2023, the guideline value was set at Rs 5,000 per sq.ft, and the latest revision in 2024 has increased it to Rs 5,500 per sq.ft, which is a rise of +10%.

There are no figures available for the years not mentioned in the revisions for this street. Overall, the guideline value has increased by +3915% from 2002 to 2024.

Guideline values in Perungudi

In Perungudi, there are 249 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, placing Telephone Nagar 11th Cross Street's 2024 figure above this median.

• Telephone Nagar 10th 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 11th 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, leading to a total fee of 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.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Telephone Nagar 11th Cross Street?

The Sub Registrar Office that covers Telephone Nagar 11th 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 when buying or selling property in Perungudi. It serves as the benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to ensure that the guideline value is accurately reflected in the documentation. This helps in avoiding any discrepancies that may arise during the registration process, ensuring a smooth transaction for both parties involved.

Frequently asked questions

What is the current guideline value of Telephone Nagar 11th Cross Street?

The current guideline value of Telephone Nagar 11th 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 significantly 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 are the stamp duty rates for property in Telephone Nagar 11th Cross Street?

The stamp duty for property transactions in Telephone Nagar 11th Cross Street is charged at 7% of the guideline value or the sale price, whichever is higher.

What is the registration fee for properties in this area?

The registration fee for properties in Telephone Nagar 11th Cross Street is 2% of the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office covering Telephone Nagar 11th 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.