Guideline Value for TELEPHONE NAGAR 4TH CROSS STREET

Telephone Nagar 4th Cross Street guideline value

The current guideline value of Telephone Nagar 4th 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, with a land classification of Residential Special Type - IV.

How the guideline value of Telephone Nagar 4th Cross Street has changed

The guideline value for Telephone Nagar 4th Cross Street has seen significant changes over the years. In 2002, the value was Rs 137 per sq.ft, which increased to Rs 155 per sq.ft in 2003, marking a 13% rise. The value then surged dramatically to Rs 1,250 per sq.ft in 2007, reflecting a 706% increase. Following this, the value rose to Rs 5,000 per sq.ft in 2012, a substantial 300% jump. However, it decreased to Rs 3,350 per sq.ft in 2017, a decline of 33%. The value then increased to Rs 5,000 per sq.ft in 2023, followed by the current value of Rs 5,500 per sq.ft in 2024, which represents a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in the years not mentioned in this summary.

Guideline values in Perungudi

In Perungudi, there are 249 streets under the Neelankarai SRO that carry 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 4th Cross Street is above this median.

• Telephone Nagar 1st Cross Street: Rs 5,500 per sq.ft (2024)
• Telephone Nagar 2nd Cross Street: Rs 5,500 per sq.ft (2024)
• Telephone Nagar 3rd Cross Street: Rs 5,500 per sq.ft (2024)
• Telephone Nagar 4th Cross Street: Rs 5,500 per sq.ft (2024)
• Telephone Nagar 5th Cross Street: Rs 5,500 per sq.ft (2024)
• Telephone Nagar 6th Cross Street: Rs 5,500 per sq.ft (2024)
• Telephone Nagar 7th Cross Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Telephone Nagar 4th 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 fees to Rs 4,95,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Telephone Nagar 4th Cross Street?

The Sub Registrar Office that covers Telephone Nagar 4th 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 a crucial factor when buying or selling property in Perungudi. It serves as a reference point for determining the stamp duty and registration fees that must be paid during the registration process. Buyers should be aware that the guideline value may differ from the actual sale price of the property.

When registering a property, the total fees are calculated based on the higher value between the guideline value and the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Telephone Nagar 4th Cross Street?

The current guideline value of Telephone Nagar 4th 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, starting from Rs 137 per sq.ft in 2002 to the current Rs 5,500 per sq.ft in 2024, showing an overall increase of 3915% over the years.

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

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 55,00,000, the total fees would amount to Rs 4,95,000.

Which Sub Registrar Office should I visit for transactions in Telephone Nagar 4th Cross Street?

The Neelankarai Sub Registrar Office covers Telephone Nagar 4th Cross Street. It is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the land classification of Telephone Nagar 4th Cross Street?

The land classification for Telephone Nagar 4th Cross Street is Residential Special Type - IV, indicating its designated use for residential purposes.