Guideline Value for JAAGEER HUSSAIN STREET

Jaageer Hussain Street guideline value

The current guideline value of Jaageer Hussain Street is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Manali village, under the Thiruvottiyur SRO, and is classified as Residential Special Type - II.

How the guideline value of Jaageer Hussain Street has changed

The guideline value for Jaageer Hussain Street has seen several revisions over the years. In 2002, the value was Rs 90 per sq.ft, which increased to Rs 103 per sq.ft in 2003. Following this, the value rose significantly to Rs 200 per sq.ft in 2007, and then to Rs 1,100 per sq.ft in 2012. However, it dropped to Rs 737 per sq.ft in 2017 before increasing to Rs 1,100 per sq.ft in 2023, and finally reaching Rs 1,200 per sq.ft in the 2024 revision.

The changes between these revisions include a 14% increase from 2002 to 2003, a 94% increase from 2003 to 2007, a 450% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 9% increase from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by 1,233%.

Guideline values in Manali

In Manali village, there are 84 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,001 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,200 per sq.ft, placing Jaageer Hussain Street at this median value for 2024.

• Jalaganda Mariamman Koil Street: Rs 1,200 per sq.ft (2024)
• Indira Gandhi Street: Rs 1,200 per sq.ft (2024)
• Idapalayam (Puratcomhikavi Bharathidasan Street): Rs 1,200 per sq.ft (2024)
• Harikrishnapuram: Rs 1,200 per sq.ft (2024)
• Harikrishnan Perumal Koil Street: Rs 1,200 per sq.ft (2024)
• Jeevanandam Street: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Jaageer Hussain Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, leading to a total of Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Jaageer Hussain Street?

Jaageer Hussain Street falls under the jurisdiction of the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor in the registration process of property transactions in Manali. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. This ensures transparency and fairness in property transactions, as it reflects the official value set by the authorities.

Frequently asked questions

What is the current guideline value of Jaageer Hussain Street?

The current guideline value of Jaageer Hussain Street is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 90 per sq.ft in 2002 to Rs 1,200 per sq.ft in 2024, reflecting an overall increase of 1,233% over this period.

What is the land classification for Jaageer Hussain Street?

Jaageer Hussain Street is classified as Residential Special Type - II, indicating its designated use for residential purposes.

Where can I find the Thiruvottiyur Sub Registrar Office?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the stamp duty calculated for properties on Jaageer Hussain Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 12,00,000 would incur a stamp duty of Rs 84,000 at 7% and a registration fee of Rs 24,000 at 2%.