Guideline Value for TELEPHONE NAGAR 17TH CROSS STREET

Telephone Nagar 17th Cross Street guideline value

The current guideline value of Telephone Nagar 17th 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 17th Cross Street has changed

The guideline value of Telephone Nagar 17th Cross Street has undergone several revisions over the years. In 2002, the value was Rs 137 per sq.ft, which increased to Rs 155 per sq.ft in 2003. Following that, there was a significant rise to Rs 1,250 per sq.ft in 2007, and then a further increase to Rs 5,000 per sq.ft in 2012. However, there was a drop to Rs 3,350 per sq.ft in 2017. The value then rose to Rs 5,000 per sq.ft in 2023, and finally reached Rs 5,500 per sq.ft in the 2024 revision.

In terms of changes, the guideline value increased by 13% from 2002 to 2003, by 706% from 2003 to 2007, by 300% from 2007 to 2012, and decreased by 33% from 2012 to 2017. The value then increased by 49% from 2017 to 2023, and by 10% from 2023 to 2024. 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 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 17th Cross Street above this median.

• Telephone Nagar 16th Cross Street: Rs 5,500 per sq.ft (2024)
• Telephone Nagar 18th Cross Street: Rs 5,500 per sq.ft (2024)
• Telephone Nagar 15th Cross Street: Rs 5,500 per sq.ft (2024)
• Telephone Nagar 1st Cross Street: Rs 5,500 per sq.ft (2024)
• Telephone Nagar 14th Cross Street: Rs 5,500 per sq.ft (2024)
• Telephone Nagar 2nd Cross Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Telephone Nagar 17th 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, resulting in a total cost of Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Telephone Nagar 17th Cross Street?

The Sub Registrar Office that covers Telephone Nagar 17th 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 details.

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

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

When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees. Buyers should be aware that these costs are calculated based on the higher of the guideline value or the sale price of the property.

Frequently asked questions

What is the current guideline value of Telephone Nagar 17th Cross Street?

The current guideline value of Telephone Nagar 17th 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 this period.

What is the land classification for Telephone Nagar 17th Cross Street?

Telephone Nagar 17th Cross Street is classified as Residential Special Type - IV.

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

For a property valued at Rs 5,500 per sq.ft, the total guideline value for a 1,000 sq.ft plot would be Rs 55,00,000, resulting in a stamp duty of Rs 3,85,000 and a registration fee of Rs 1,10,000.

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

The Neelankarai Sub Registrar Office covers Telephone Nagar 17th Cross Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.