Guideline Value for TELEPHONE NAGAR 5TH CROSS STREET

Telephone Nagar 5th Cross Street guideline value

The current guideline value of Telephone Nagar 5th Cross Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Perungudi village and falls under the Neelankarai SRO. The land classification for this area is Residential Special Type - IV.

How the guideline value of Telephone Nagar 5th Cross Street has changed

The guideline value for Telephone Nagar 5th Cross Street has seen 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 this, there was a significant rise to Rs 1,250 per sq.ft in 2007, marking an increase of 706%. In 2012, the value was Rs 5,000 per sq.ft, which was a decrease of 33% from the previous revision. The value then rose to Rs 3,350 per sq.ft in 2017, reflecting a 49% increase. The most recent revision in 2023 set the value at Rs 5,000 per sq.ft, which increased to Rs 5,500 per sq.ft in 2024, representing a 10% increase.

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

Guideline values in Perungudi

In Perungudi village, 249 streets under the Neelankarai SRO have 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 5th Cross Street is above this median.

• Telephone Nagar 4th Cross Street: Rs 5,500 per sq.ft (2024)
• Telephone Nagar 6th Cross Street: Rs 5,500 per sq.ft (2024)
• Telephone Nagar 3rd Cross Street: Rs 5,500 per sq.ft (2024)
• Telephone Nagar 7th Cross Street: Rs 5,500 per sq.ft (2024)
• Telephone Nagar 2nd Cross Street: Rs 5,500 per sq.ft (2024)
• Telephone Nagar 8th Cross Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Telephone Nagar 5th 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 be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total fees 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.

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

Which Sub Registrar Office covers Telephone Nagar 5th Cross Street?

The Sub Registrar Office that covers Telephone Nagar 5th 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 in property transactions in Perungudi. It is used to determine the stamp duty and registration fees applicable when a property is bought or sold. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is compared to the sale price, and the duty is charged on the higher of the two. This ensures that the registration process reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Telephone Nagar 5th Cross Street?

The current guideline value of Telephone Nagar 5th 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, representing an overall increase of 3915%.

What are the other streets in Perungudi with the same guideline value?

Other streets in Perungudi with the same guideline value of Rs 5,500 per sq.ft include Telephone Nagar 2nd, 3rd, 4th, 6th, 7th, and 8th Cross Streets.

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 can I find the Sub Registrar Office for Telephone Nagar 5th Cross Street?

The Neelankarai Sub Registrar Office covers Telephone Nagar 5th Cross Street and is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.