Guideline Value for JAHIR HUSSAIN 2ND STREET

Jahir Hussain 2nd Street guideline value

The current guideline value of Jahir Hussain 2nd Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 and falls under the Neelankarai SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Jahir Hussain 2nd Street has changed

According to the register, there are no figures for Jahir Hussain 2nd Street for the years 2002, 2003, 2007, 2012, and 2017. The guideline value was Rs 1,500 per sq.ft in the 2023 revision, which increased to Rs 1,700 per sq.ft in the 2024 revision, reflecting a change of +13%.

The current value of Rs 1,700 per sq.ft is the latest figure from the 2024 revision. This increase from the previous year's value indicates a notable adjustment in the guideline value for this street.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Jahir Hussain 2nd Street's 2024 figure below this median.

• Jahir Hussain 1st Street: Rs 1,700 per sq.ft (2024)
• Jahir Hussain 3rd Street: Rs 1,700 per sq.ft (2024)
• Jahir Hussain 4th Street: Rs 1,700 per sq.ft (2024)
• Jahir Hussain 5th Street: Rs 1,700 per sq.ft (2024)
• Jahir Hussain Main Road: Rs 2,800 per sq.ft (2024)
• Ismail Street: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Jahir Hussain 2nd 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 amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total fees together to Rs 1,53,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Jahir Hussain 2nd Street?

The Sub Registrar Office that covers Jahir Hussain 2nd 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 more information.

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

The guideline value is a crucial aspect of property transactions in Sholinganallur - 1, as it determines the minimum value at which a property can be registered. It is essential for buyers and sellers to be aware of this value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value will be used to calculate the stamp duty and registration fees. Buyers should be prepared to pay these fees based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Jahir Hussain 2nd Street?

The current guideline value of Jahir Hussain 2nd Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How much did the guideline value change from 2023 to 2024?

The guideline value increased by 13% from Rs 1,500 per sq.ft in 2023 to Rs 1,700 per sq.ft in 2024.

What is the median guideline value in Sholinganallur - 1?

The median guideline value in Sholinganallur - 1 is Rs 2,200 per sq.ft, which is higher than the current value of Jahir Hussain 2nd Street.

What are the stamp duty rates applicable?

The stamp duty rate is 7% of the guideline value or sale price, whichever is higher. The registration fee is 2% of the same amount.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.