Guideline Value for JAGADAMBAL STREET

Jagadambal Street guideline value

The current guideline value of Jagadambal Street is Rs 17,600 per sq.ft, effective from 1 July 2024. This street is located in Tnagar village, under the Thiyagaraya nagar SRO, and is classified as Commercial Special Type - III.

How the guideline value of Jagadambal Street has changed

The guideline value for Jagadambal Street has undergone several revisions since 2002. The figures are as follows: in 2002, the value was Rs 3,330 per sq.ft, which increased to Rs 3,696 per sq.ft in 2003. By 2007, the value saw a significant rise to Rs 4,000 per sq.ft, followed by a jump to Rs 16,000 per sq.ft in 2012. However, this value decreased to Rs 10,720 per sq.ft in 2017. In 2023, the value was Rs 16,000 per sq.ft, and it has now risen to Rs 17,600 per sq.ft in 2024.

Between the revisions, the changes were notable: from 2002 to 2003, the increase was +11%; from 2003 to 2007, it was +8%; a substantial rise of +300% occurred from 2007 to 2012; a decrease of -33% was seen from 2012 to 2017; a significant increase of +49% from 2017 to 2023; and finally, a +10% rise from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by +429%.

Guideline values in Tnagar

In Tnagar village, there are 262 streets under the Thiyagaraya nagar SRO, with guideline values for 2024 ranging from Rs 4,400 to Rs 27,500 per sq.ft. The median value is Rs 11,000 per sq.ft, placing Jagadambal Street's 2024 value above this median.

• Jagadeeswaran Street: Rs 9,900 per sq.ft (2024)
• Jawaharlal Nehru Street: Rs 6,600 per sq.ft (2024)
• Hospital Road Anna Road: Rs 5,500 per sq.ft (2024)
• Hindi Prachar Sabha Street: Rs 14,300 per sq.ft (2024)
• Hanumantha Rao Road(Street)(Cross Street): Rs 9,900 per sq.ft (2024)
• Habibullah Road (Part III Upto G.N.Chetty Street: Rs 17,600 per sq.ft (2024)

Stamp duty and registration fee for property in Jagadambal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 17,600 per sq.ft, the total guideline value would be Rs 1,76,00,000. The stamp duty at 7% would amount to Rs 12,32,000, and the registration fee at 2% would be Rs 3,52,000, making the total fees together Rs 15,84,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jagadambal Street?

The Sub Registrar Office that covers Jagadambal Street is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Tnagar. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When you register a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the correct amount of revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Jagadambal Street?

The current guideline value of Jagadambal Street is Rs 17,600 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 3,330 per sq.ft in 2002 to Rs 17,600 per sq.ft in 2024, showing an overall increase of +429%.

What is the land classification of Jagadambal Street?

Jagadambal Street is classified as Commercial Special Type - III, which affects its guideline value and usage.

What is the median guideline value in Tnagar?

The median guideline value in Tnagar is Rs 11,000 per sq.ft, with Jagadambal Street's value being above this median.

Where can I find more information about stamp duty and registration fees?

You can find more information and calculate your fees using the stamp duty and registration fee calculator available on our site.