Guideline Value for JAGADAMBIKAI NAGAR 'APPAR STREET'

Jagadambikai Nagar 'appar Street' guideline value

The current guideline value of Jagadambikai Nagar 'appar Street' is Rs 3,400 per sq.ft, effective from 1 July 2024. This street is located in Padi village under the Villivakkam SRO, classified as Residential Class IV Type - II.

How the guideline value of Jagadambikai Nagar 'appar Street' has changed

Over the years, the guideline value for Jagadambikai Nagar 'appar Street' has seen several revisions. The 2012 revision set the value at Rs 3,100 per sq.ft, which was a decrease of 33% from the 2017 revision, where the value was Rs 2,077 per sq.ft. The 2023 revision increased the value to Rs 3,100 per sq.ft, and the latest revision in 2024 has raised it to Rs 3,400 per sq.ft, marking a 10% increase from the previous year.

The overall change from the 2012 revision to the 2024 revision reflects a 10% increase. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street in the register.

Guideline values in Padi

Padi village has a total of 354 streets under the Villivakkam SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 13,200 per sq.ft. The median value for these streets is Rs 3,800 per sq.ft, making the guideline value of Jagadambikai Nagar 'appar Street' below the median.

• Jagadambikai Nagar 'easwaran Koil Street': Rs 3,400 per sq.ft (2024)
• Jagadambikai Nagar 'manikavasakar Street': Rs 3,400 per sq.ft (2024)
• Jagadambikai Nagar 'nammalvar Street': Rs 3,400 per sq.ft (2024)
• Jagadambikai Nagar (Padi): Rs 3,400 per sq.ft (2024)
• Jagadambikai Nagar 'sekhizhar Street': Rs 3,400 per sq.ft (2024)
• Jagadambikai Street: Rs 3,400 per sq.ft (2024)

Stamp duty and registration fee for property in Jagadambikai Nagar 'appar Street'

For a 1,000 sq.ft plot at the current guideline value of Rs 3,400 per sq.ft, the total guideline value amounts to Rs 34,00,000. The stamp duty at 7% would be Rs 2,38,000, and the registration fee at 2% would be Rs 68,000, resulting in a total of Rs 3,06,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator to estimate your costs.

Which Sub Registrar Office covers Jagadambikai Nagar 'appar Street'?

The Sub Registrar Office that covers Jagadambikai Nagar 'appar Street' is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near Nolambur Eb Office. You can find your SRO for more details.

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

The guideline value is a crucial factor during property transactions in Padi. It serves as a benchmark for determining the minimum value of a property for registration purposes, ensuring that properties are not undervalued during the sale process.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory costs associated with property transactions. This ensures transparency and fairness in the registration process.

Frequently asked questions

What is the current guideline value of Jagadambikai Nagar 'appar Street'?

The current guideline value of Jagadambikai Nagar 'appar Street' is Rs 3,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,100 per sq.ft in 2023 to Rs 3,400 per sq.ft in 2024, marking a 10% increase. The value was Rs 2,077 per sq.ft in 2017 and Rs 3,100 per sq.ft in 2012, showing significant fluctuations in previous years.

What is the land classification of Jagadambikai Nagar 'appar Street'?

Jagadambikai Nagar 'appar Street' is classified as Residential Class IV Type - II, indicating its designation for residential use.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is 2%. For example, a 1,000 sq.ft plot at the current rate would incur a total cost of Rs 3,06,000 in fees.

Which Sub Registrar Office covers this area?

The Villivakkam Sub Registrar Office covers Jagadambikai Nagar 'appar Street', located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.