Guideline Value

Corporate

Guideline Value for JAHIR HUSSAIN 1ST STREET

₹1700/sq.ft.

The guideline value for Jahir Hussain 1st Street in Sholinganallur - 1 village (Neelankarai SRO, Chennai zone) is Rs 1700 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 13% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sholinganallur - 1

Village

Neelankarai

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹1700 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Jahir Hussain 1st Street

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Jahir Hussain 1st Street guideline value

The current guideline value of Jahir Hussain 1st Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 under the Neelankarai SRO and is classified as Residential Class IV Type - I.

How the guideline value of Jahir Hussain 1st Street has changed

The guideline value for Jahir Hussain 1st Street has undergone several revisions. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the value at Rs 1,500 per sq.ft, and the latest 2024 revision increased it to Rs 1,700 per sq.ft, marking a change of +13%.

In summary, the guideline value for Jahir Hussain 1st Street was Rs 1,500 per sq.ft in 2023 and has increased to Rs 1,700 per sq.ft in 2024. This value is below the median guideline value of Rs 2,200 per sq.ft for the 754 streets in Sholinganallur - 1 under the Neelankarai SRO.

Guideline values in Sholinganallur - 1

The guideline values for properties in Sholinganallur - 1 range from Rs 1,000 to Rs 8,800 per sq.ft as per the 2024 revision. Jahir Hussain 1st Street's guideline value is below the median of Rs 2,200 per sq.ft.

Stamp duty and registration fee for property in Jahir Hussain 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total fees to Rs 1,53,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jahir Hussain 1st Street?

The Sub Registrar Office that covers Jahir Hussain 1st Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for additional information.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value is a crucial factor in the registration process, as it determines the stamp duty and registration fees applicable when buying or selling property. It is essential to be aware of the current guideline value to calculate the costs accurately.

When a property is purchased, the higher value between the guideline value and the sale price is used to compute the stamp duty. This ensures that the registration fees reflect the true value of the transaction, safeguarding the interests of both the buyer and the government.

Frequently asked questions

What is the current guideline value of Jahir Hussain 1st Street?

The current guideline value of Jahir Hussain 1st Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value was Rs 1,500 per sq.ft in 2023 and increased to Rs 1,700 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value for streets in Sholinganallur - 1?

The median guideline value for the 754 streets in Sholinganallur - 1 is Rs 2,200 per sq.ft. Jahir Hussain 1st Street's guideline value is below this median.

What are the stamp duty and registration fees for properties on Jahir Hussain 1st Street?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,53,000.

Which office handles registrations for Jahir Hussain 1st Street?

The Neelankarai Sub Registrar Office handles registrations for Jahir Hussain 1st Street. It is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.