Guideline Value for JABAR STREET

Jabar Street guideline value

The current guideline value of Jabar Street in Chengalpattu Natham village is Rs 1,650 per sq.ft, effective from 1 July 2024. This street falls under the Chengleput Joint II SRO and is classified as Residential Class I Type - I.

How the guideline value of Jabar Street has changed

The guideline value for Jabar Street has seen several revisions over the years. In the 2012 revision, the value was set at Rs 1,500 per sq.ft. However, this figure dropped to Rs 1,005 per sq.ft in the 2017 revision, marking a decrease of 33%. The value then increased significantly to Rs 1,500 per sq.ft in the 2023 revision, followed by a further increase to Rs 1,650 per sq.ft in the 2024 revision, reflecting a 10% rise.

From 2012 to 2024, the overall change in the guideline value is an increase of 10%. The register has no figures for the years 2002, 2003, and 2007 for Jabar Street.

Guideline values in Chengalpattu Natham

In Chengalpattu Natham, there are 88 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, making Jabar Street's 2024 figure below this median.

• J.C.K. Nagar: Rs 2,200 per sq.ft (2024)
• Jeevanatham Street: Rs 1,650 per sq.ft (2024)
• Kailasanathar Kovil Street: Rs 2,200 per sq.ft (2024)
• G.S.T.Salai (Main Road): Rs 4,400 per sq.ft (2024)
• G.S.T.Salai: Rs 3,850 per sq.ft (2024)
• Kalainagar Karunathi Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Jabar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jabar Street?

Jabar Street is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Chengalpattu Natham. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and consistency in property dealings.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Jabar Street?

The current guideline value of Jabar Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 1,500 to Rs 1,650 per sq.ft in 2024, with notable fluctuations in between, including a drop to Rs 1,005 in 2017 and a rise to Rs 1,500 in 2023.

What are the other streets in Chengalpattu Natham?

Other streets in Chengalpattu Natham include J.C.K. Nagar, Jeevanatham Street, Kailasanathar Kovil Street, G.S.T.Salai (Main Road), G.S.T.Salai, and Kalainagar Karunathi Street, with varying guideline values.

What fees are associated with purchasing property in Jabar Street?

When purchasing property in Jabar Street, buyers should consider stamp duty at 7% and a registration fee at 2%, both calculated based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Jabar Street?

The Chengleput Joint II Sub Registrar Office, which covers Jabar Street, is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.