Guideline Value for JAGANTHAN STREET

Jaganthan Street guideline value

The current guideline value of Jaganthan Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Cantonment Pallavaram village, under the Pallavaram SRO, and falls under the Residential Class I Type - II land classification.

How the guideline value of Jaganthan Street has changed

The guideline value for Jaganthan Street has undergone several revisions over the years. In 2012, the guideline value was set at Rs 3,000 per sq.ft, which was then revised to Rs 2,010 per sq.ft in 2017, marking a decrease of 33%. The value increased significantly to Rs 3,000 per sq.ft in 2023, and then further rose to Rs 3,300 per sq.ft in 2024, reflecting a 10% increase from the previous year. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 10%.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for Jaganthan Street. The 2023 revision marked a 49% increase from the 2017 figure, demonstrating substantial growth in the guideline value over the recent years.

Guideline values in Cantonment Pallavaram

Cantonment Pallavaram has a total of 81 streets under the Pallavaram SRO, with guideline values for 2024 ranging from Rs 1,650 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, placing Jaganthan Street's current value above this median.

• Janab Ismail Street: Rs 2,700 per sq.ft (2024)
• Ismoil Street: Rs 3,300 per sq.ft (2024)
• Indragandhi Road: Rs 5,500 per sq.ft (2024)
• Jeeva Nagar: Rs 2,700 per sq.ft (2024)
• Hussain Saheb St: Rs 2,700 per sq.ft (2024)
• Hospital Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Jaganthan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty, calculated at 7%, would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Jaganthan Street?

The Sub Registrar Office that covers Jaganthan Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration of property transactions in Cantonment Pallavaram. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps establish a fair price for the transaction, which is essential for both buyers and sellers to understand their financial obligations. It is advisable to check the latest guideline values before proceeding with any property transaction.

Frequently asked questions

What is the current guideline value of Jaganthan Street?

The current guideline value of Jaganthan Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then increased to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification of Jaganthan Street?

Jaganthan Street falls under the Residential Class I Type - II land classification.

Where is the Sub Registrar Office located?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is stamp duty calculated for properties in Jaganthan Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 2,31,000.