Guideline Value for Bells Road (Jagajivanram Road)

Bells Road (Jagajivanram Road) guideline value

The current guideline value of Bells Road (Jagajivanram Road) is Rs 14,300 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village, under the Triplicane SRO, and is classified as Commercial Special Type - IV.

How the guideline value of Bells Road (Jagajivanram Road) has changed

The guideline value for Bells Road (Jagajivanram Road) has seen significant changes over the years. In 2002, the guideline value was Rs 1,502 per sq.ft, which increased to Rs 1,648 per sq.ft in 2003, marking a 10% rise. The value then rose to Rs 2,760 per sq.ft in 2007, reflecting a 67% increase. Following this, the value surged dramatically to Rs 13,000 per sq.ft in 2012, which was a 371% increase. However, it fell to Rs 8,710 per sq.ft in 2017, showing a decrease of 33%. The value then increased to Rs 13,000 per sq.ft in 2023, before reaching the current value of Rs 14,300 per sq.ft in 2024, representing a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 852%. The register does not have figures for the years between the revisions mentioned above.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO, with guideline values ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median value is Rs 6,600 per sq.ft, and Bells Road (Jagajivanram Road) has a 2024 figure that is above this median.

• Barbar Agan Street: Rs 5,500 per sq.ft (2024)
• Bangaru Street: Rs 7,700 per sq.ft (2024)
• Bandi Venkatesan Street: Rs 8,800 per sq.ft (2024)
• Bandi Venkatesan 1st Street & Lane: Rs 8,800 per sq.ft (2024)
• Bandala Venugopal Street: Rs 6,600 per sq.ft (2024)
• Balamuthu Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Bells Road (Jagajivanram Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 14,300 per sq.ft, the total guideline value would be Rs 1,43,00,000. The stamp duty at 7% would be Rs 10,01,000, and the registration fee at 2% would be Rs 2,86,000, together totaling Rs 12,87,000. 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 Bells Road (Jagajivanram Road)?

The Sub Registrar Office that covers Bells Road (Jagajivanram Road) is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Triplicane. It serves as a reference point for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When a property is sold or purchased, the registration office will use the guideline value to calculate the applicable fees. This ensures that the transaction is recorded accurately and complies with local regulations.

Frequently asked questions

What is the current guideline value of Bells Road (Jagajivanram Road)?

The current guideline value of Bells Road (Jagajivanram Road) is Rs 14,300 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 1,502 per sq.ft in 2002 to Rs 14,300 per sq.ft in 2024, reflecting an overall increase of 852%.

What is the land classification for Bells Road (Jagajivanram Road)?

Bells Road (Jagajivanram Road) is classified as Commercial Special Type - IV.

Where is the Sub Registrar Office for Bells Road (Jagajivanram Road) located?

The Sub Registrar Office for Bells Road (Jagajivanram Road) is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How is stamp duty calculated for property transactions on Bells Road (Jagajivanram Road)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot, the total guideline value would be Rs 1,43,00,000, leading to a stamp duty of Rs 10,01,000.