Guideline Value for JAHEER USEN ST

Jaheer Usen St guideline value

The current guideline value of Jaheer Usen St in Paleripattu village is Rs 990 per sq.ft, effective from the 2024 revision. This street falls under the Avadi SRO and is classified as Residential Class II Type - I.

How the guideline value of Jaheer Usen St has changed

The guideline value for Jaheer Usen St has undergone several revisions over the years. In 2012, the guideline value was Rs 900 per sq.ft. This figure remained until the next revision in 2017, where it decreased to Rs 603 per sq.ft, reflecting a drop of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 900 per sq.ft. The most recent revision in 2024 saw another increase of 10%, resulting in the current guideline value of Rs 990 per sq.ft.

There are no figures available for the revisions in 2002, 2003, and 2007 for Jaheer Usen St.

Guideline values in Paleripattu

Paleripattu village has a total of 111 streets under the Avadi SRO, with the 2024 guideline values ranging from Rs 801 to Rs 4,200 per sq.ft. The median value for these streets is Rs 990 per sq.ft, which is equal to the guideline value of Jaheer Usen St.

• Ismail St: Rs 990 per sq.ft (2024)
• Kalaignar St: Rs 990 per sq.ft (2024)
• Gopal Naidu St: Rs 990 per sq.ft (2024)
• Kamaraj Nagar: Rs 1,980 per sq.ft (2024)
• Kamaraj Nagar 10th St: Rs 1,980 per sq.ft (2024)
• Kamaraj Nagar 1st St: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Jaheer Usen St

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, making the total cost Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Jaheer Usen St?

The Sub Registrar Office that covers Jaheer Usen St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Paleripattu. It serves as the minimum price for which a property can be registered, ensuring that the transaction is recorded at a value that reflects the local market conditions.

When a property is sold, the buyer must pay stamp duty and registration fees based on either the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Jaheer Usen St?

The current guideline value of Jaheer Usen St is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What is the land classification for Jaheer Usen St?

Jaheer Usen St is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Jaheer Usen St?

The Sub Registrar Office for Jaheer Usen St is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2% of the same amount. For example, a property valued at Rs 9,90,000 would incur a total of Rs 89,100 in fees.