Guideline Value for TELEPHONE NAGAR 13TH CROSS STREET

Telephone Nagar 13th Cross Street guideline value

The current guideline value for Telephone Nagar 13th 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 13th Cross Street has changed

The guideline value for Telephone Nagar 13th Cross Street has seen several revisions over the years. In 2002, the guideline value was Rs 137 per sq.ft, which increased to Rs 155 per sq.ft in 2003. Following this, the value surged significantly to Rs 1,250 per sq.ft in 2007, marking a 706% increase. The value then rose to Rs 5,000 per sq.ft in 2012, reflecting a 300% increase from the previous revision. However, it dropped to Rs 3,350 per sq.ft in 2017, a decrease of 33%. The most recent revisions show an increase to Rs 5,000 per sq.ft in 2023 and a further rise to Rs 5,500 per sq.ft in 2024, which is a 10% increase from the previous year.

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

Guideline values in Perungudi

In Perungudi, there are 249 streets under the Neelankarai SRO carrying a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value for Telephone Nagar 13th Cross Street is above this median.

• Telephone Nagar 12th Cross Street: Rs 5,500 per sq.ft (2024)
• Telephone Nagar 14th Cross Street: Rs 5,500 per sq.ft (2024)
• Telephone Nagar 11th Cross Street: Rs 5,500 per sq.ft (2024)
• Telephone Nagar 15th Cross Street: Rs 5,500 per sq.ft (2024)
• Telephone Nagar 10th 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 13th 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 cost together 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Telephone Nagar 13th Cross Street?

The Sub Registrar Office that covers Telephone Nagar 13th 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 is an essential factor during the registration of property transactions in Perungudi. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in the transaction process.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value for Telephone Nagar 13th Cross Street?

The current guideline value for Telephone Nagar 13th 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 is the classification of land in Telephone Nagar 13th Cross Street?

Telephone Nagar 13th Cross Street is classified as Residential Special Type - IV under the Neelankarai SRO.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000 and the registration fee would be Rs 1,10,000, totaling Rs 4,95,000.

Where is the Sub Registrar Office located for this street?

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