Guideline Value for TELEPHONE NAGAR 14TH CROSS STREET

Telephone Nagar 14th Cross Street guideline value

The current guideline value of Telephone Nagar 14th 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 the land classification is Residential Special Type - IV.

How the guideline value of Telephone Nagar 14th Cross Street has changed

The guideline value for Telephone Nagar 14th Cross Street has seen several revisions over the years. Starting from Rs 137 per sq.ft in 2002, it increased to Rs 155 per sq.ft in 2003, marking a 13% rise. The value then surged significantly to Rs 1,250 per sq.ft in 2007, reflecting a remarkable increase of 706%. In 2012, the value was recorded at Rs 5,000 per sq.ft, which represented a 300% increase from the previous revision. However, it dropped to Rs 3,350 per sq.ft in 2017, showing a decrease of 33%. The guideline value then rose to Rs 5,000 per sq.ft in 2023, and most recently, it has been revised to Rs 5,500 per sq.ft in 2024, indicating a 10% increase.

There are no figures available for the revisions of this street in the years not listed. The overall increase from 2002 to 2024 stands at an impressive 3915%.

Guideline values in Perungudi

In Perungudi village, there are 249 streets under the Neelankarai SRO that carry a 2024 figure 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 14th 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 15th Cross Street: Rs 5,500 per sq.ft (2024)
• Telephone Nagar 16th Cross Street: Rs 5,500 per sq.ft (2024)
• Telephone Nagar 17th Cross Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Telephone Nagar 14th 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 amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, resulting in a total 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 14th Cross Street?

The Sub Registrar Office that covers Telephone Nagar 14th 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.

To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Perungudi. It determines the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property transaction occurs, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that all transactions are transparent and adhere to regulatory standards.

Frequently asked questions

What is the current guideline value of Telephone Nagar 14th Cross Street?

The current guideline value of Telephone Nagar 14th 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%.

What is the land classification for Telephone Nagar 14th Cross Street?

The land classification for Telephone Nagar 14th Cross Street is Residential Special Type - IV.

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

The Neelankarai Sub Registrar Office covers Telephone Nagar 14th Cross Street and is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How do stamp duty and registration fees work?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 55,00,000, the total stamp duty and registration fees amount to Rs 4,95,000.