Guideline Value for JAFFERKHAN STREET

Jafferkhan Street guideline value

The current guideline value of Jafferkhan Street is Rs 3,200 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class III Type - I.

How the guideline value of Jafferkhan Street has changed

The guideline value for Jafferkhan Street has seen several revisions over the years. In 2007, the value was Rs 600 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012. However, this value dropped to Rs 2,010 per sq.ft in 2017 before rising to Rs 3,000 per sq.ft in 2023. The latest revision in 2024 set the value at Rs 3,200 per sq.ft, marking a 7% increase from the previous year.

From 2007 to 2024, the overall change in the guideline value is an increase of 433%. The revisions for 2002 and 2003 do not have figures recorded for Jafferkhan Street.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO, with guideline values ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value is Rs 2,700 per sq.ft, indicating that Jafferkhan Street's 2024 value is above this median.

• Jamalia Link Road: Rs 6,400 per sq.ft (2024)
• Jamalia Nagar: Rs 6,400 per sq.ft (2024)
• Jamalia Nagar Main Road & Cross Street: Rs 6,400 per sq.ft (2024)
• Jamal Nagar: Rs 5,400 per sq.ft (2024)
• Indira Nagar 4th Cross Street: Rs 2,200 per sq.ft (2024)
• Indira Nagar 3rd Cross Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Jafferkhan Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 32,00,000. The stamp duty at 7% would amount to Rs 2,24,000, and the registration fee at 2% would be Rs 64,000, totaling Rs 2,88,000. It is important to note that the 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 further assistance.

Which Sub Registrar Office covers Jafferkhan Street?

The Sub Registrar Office that covers Jafferkhan Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue from the transaction.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. This ensures transparency and standardization in property dealings within the region.

Frequently asked questions

What is the current guideline value of Jafferkhan Street?

The current guideline value of Jafferkhan Street is Rs 3,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 3,200 per sq.ft in 2024, showing an overall increase of 433% over the years.

What is the median guideline value in Perambur?

The median guideline value in Perambur is Rs 2,700 per sq.ft, and Jafferkhan Street's 2024 value is above this median.

What are the stamp duty rates for properties in Jafferkhan Street?

The stamp duty rate for properties in Jafferkhan Street is 7% of the guideline value or sale price, whichever is higher.

Which office handles property registrations for Jafferkhan Street?

The Purasaivakkam Sub Registrar Office handles property registrations for Jafferkhan Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.