Guideline Value for JAGATH AVENUE 1 TO 4 STREETS

Jagath Avenue 1 To 4 Streets guideline value

The current guideline value for Jagath Avenue 1 To 4 Streets in Zaminpallavaram village is Rs 2,750 per sq.ft, effective from 1 July 2024. This area falls under the Pallavaram SRO and is classified as Residential Class II Type - I.

How the guideline value of Jagath Avenue 1 To 4 Streets has changed

The guideline value for Jagath Avenue 1 To 4 Streets has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 2,750 per sq.ft, which reflects a 10% increase from the 2023 revision of Rs 2,500 per sq.ft. The 2012 revision also recorded Rs 2,500 per sq.ft, indicating no change from 2012 to 2023. Notably, the register has no figures for the revisions in 2002, 2003, 2007, and 2017.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. This consistent increase highlights the adjustments made to the guideline values over time, particularly in the most recent revision.

Guideline values in Zaminpallavaram

Zaminpallavaram village has a total of 638 streets under the Pallavaram SRO, with guideline values for 2024 ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 3,300 per sq.ft, positioning Jagath Avenue 1 To 4 Streets below this median.

• Iyswarya Nagar: Rs 2,750 per sq.ft (2024)
• Javvadhu Hussain Street: Rs 2,160 per sq.ft (2024)
• Jayalakshmi Avenue: Rs 3,300 per sq.ft (2024)
• Jayalakshmi Nagar: Rs 3,300 per sq.ft (2024)
• Jayalakshmi Nagar 1 To 3 Streets: Rs 3,300 per sq.ft (2024)
• Jayalakshmi Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Jagath Avenue 1 To 4 Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total fees to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jagath Avenue 1 To 4 Streets?

The Sub Registrar Office that covers Jagath Avenue 1 To 4 Streets is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Zaminpallavaram, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate applicable fees, including stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. The guideline value can vary between different streets within the same village, reflecting local market conditions.

Frequently asked questions

What is the current guideline value for Jagath Avenue 1 To 4 Streets?

The current guideline value for Jagath Avenue 1 To 4 Streets is Rs 2,750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed in recent years?

The guideline value has changed from Rs 2,500 per sq.ft in 2023 to Rs 2,750 per sq.ft in 2024, marking a 10% increase. There was no change from 2012 to 2023, as the value remained at Rs 2,500 per sq.ft.

What is the land classification for Jagath Avenue 1 To 4 Streets?

Jagath Avenue 1 To 4 Streets is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Jagath Avenue 1 To 4 Streets is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 27,50,000, the stamp duty at 7% would be Rs 1,92,500.