Guideline Value for TELEPHONE NAGAR 9TH CROSS STREET

Telephone Nagar 9th Cross Street guideline value

The current guideline value of Telephone Nagar 9th 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 9th Cross Street has changed

The guideline value for Telephone Nagar 9th Cross Street has seen significant changes over the years. The earliest recorded value was Rs 137 per sq.ft in 2002, which increased to Rs 155 per sq.ft in 2003. Following that, a substantial rise occurred, with the value reaching Rs 1,250 per sq.ft in 2007, marking an increase of 706%. The value then climbed 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%.

In the subsequent revisions, the guideline value rose to Rs 5,000 per sq.ft in 2023, and then increased by 10% to reach the current value of Rs 5,500 per sq.ft in 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 guideline values 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 9th Cross Street's 2024 figure above this median.

• Telephone Nagar 8th Cross Street: Rs 5,500 per sq.ft (2024)
• Telephone Nagar Main Road: Rs 5,500 per sq.ft (2024)
• Telephone Nagar 7th Cross Street: Rs 5,500 per sq.ft (2024)
• Telephone Nagar 6th Cross Street: Rs 5,500 per sq.ft (2024)
• Telephone Nagar 5th Cross Street: Rs 5,500 per sq.ft (2024)
• Telephone Nagar 4th Cross Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Telephone Nagar 9th 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 duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Telephone Nagar 9th Cross Street?

The Sub Registrar Office that covers Telephone Nagar 9th 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 in the registration process when buying or selling property in Perungudi. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the transaction is recorded accurately and in compliance with local regulations.

Frequently asked questions

What is the current guideline value of Telephone Nagar 9th Cross Street?

The current guideline value of Telephone Nagar 9th 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 and reaching Rs 5,500 per sq.ft in 2024. The value has seen both increases and decreases through various revisions over the years.

What is the median guideline value in Perungudi?

The median guideline value for the 249 streets in Perungudi is Rs 3,300 per sq.ft, which is lower than the current guideline value of Telephone Nagar 9th Cross Street.

What are the stamp duty and registration fees for property in Telephone Nagar 9th Cross Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 55,00,000. The stamp duty is Rs 3,85,000, and the registration fee is Rs 1,10,000, totaling Rs 4,95,000.

Which office handles the registration for Telephone Nagar 9th Cross Street?

The Neelankarai Sub Registrar Office handles registrations for Telephone Nagar 9th Cross Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.