Guideline Value for J.J.Road

J.J.Road guideline value

The current guideline value of J.J.Road is Rs 14,300 per sq.ft, effective from 1 July 2024. This street is located in Mylapore Part 1 village and falls under the Chennai Central Joint I SRO. The land classification for this area is Residential Special Type - IV.

How the guideline value of J.J.Road has changed

The guideline value for J.J.Road has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 14,300 per sq.ft, which is an increase of 10% from the 2023 revision of Rs 13,000 per sq.ft. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

Prior to the 2023 revision, the guideline value for J.J.Road was not specified in the register, and there are no recorded figures for the years mentioned. The consistent updates reflect the changing landscape of property values in the area.

Guideline values in Mylapore Part 1

Mylapore Part 1 comprises 333 streets under the Chennai Central Joint I SRO, with guideline values ranging from Rs 4,400 to Rs 25,300 per sq.ft. The median value for these streets is Rs 8,800 per sq.ft, placing J.J.Road's 2024 figure above this median.

• Jayammal Street: Rs 11,000 per sq.ft (2024)
• Jaipur Colony: Rs 15,400 per sq.ft (2024)
• Jaganatha Thottam: Rs 7,700 per sq.ft (2024)
• Kamarajar Salai: Rs 8,700 per sq.ft (2024)
• Kamarajar Street: Rs 8,700 per sq.ft (2024)
• Kamatchi Nagar: Rs 14,300 per sq.ft (2024)

Stamp duty and registration fee for property in J.J.Road

For a 1,000 sq.ft plot at the current guideline value of Rs 14,300 per sq.ft, the total guideline value amounts to 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, bringing the total to Rs 12,87,000. It is important to note that 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 J.J.Road?

The Sub Registrar Office that covers J.J.Road is the Chennai Central Joint I 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 Mylapore Part 1

The guideline value is a crucial factor in property transactions in Mylapore Part 1. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers should be aware that the guideline value can influence the overall cost of property transactions.

When registering a property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the registration reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of J.J.Road?

The current guideline value of J.J.Road is Rs 14,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From the 2023 revision to the 2024 revision, the guideline value increased by 10%, from Rs 13,000 per sq.ft to Rs 14,300 per sq.ft.

What is the land classification for J.J.Road?

The land classification for J.J.Road is Residential Special Type - IV.

Where can I find the Sub Registrar Office for J.J.Road?

The Sub Registrar Office for J.J.Road is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How is the stamp duty calculated for properties on J.J.Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 1,43,00,000, the stamp duty at 7% would be Rs 10,01,000.