Guideline Value for JAHIR HUSSAIN 5TH STREET

Jahir Hussain 5th Street guideline value

The current guideline value of Jahir Hussain 5th 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 it falls under the Residential Class IV Type - I land classification.

How the guideline value of Jahir Hussain 5th Street has changed

The guideline value for Jahir Hussain 5th Street has undergone several revisions. The oldest available revision is from 2017, where the guideline value was Rs 1,005 per sq.ft. In the 2024 revision, this value increased to Rs 1,700 per sq.ft, marking a significant change of +69% from the 2017 figure. The register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for this street.

In summary, the guideline value increased from Rs 1,005 per sq.ft in 2017 to Rs 1,700 per sq.ft in 2024. The lack of figures in the intervening years indicates that the street's value was not assessed during those periods.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft, with a median value of Rs 2,200 per sq.ft. Jahir Hussain 5th Street's current guideline value is below this median.

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

Stamp duty and registration fee for property in Jahir Hussain 5th 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 cost for these fees to Rs 1,53,000. 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 Jahir Hussain 5th Street?

The Jahir Hussain 5th Street is covered by 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 plays a crucial role in the registration process when buying or selling property in Sholinganallur - 1. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is considered to ensure that the appropriate taxes are levied based on the assessed value of the property, which helps maintain transparency in real estate transactions.

Frequently asked questions

What is the current guideline value of Jahir Hussain 5th Street?

The current guideline value of Jahir Hussain 5th Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 1,005 per sq.ft to Rs 1,700 per sq.ft, which is a change of +69%.

Are there any years where the guideline value was not assessed for this street?

Yes, the register has no figures for Jahir Hussain 5th Street for the years 2023, 2012, 2007, 2003, and 2002.

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

The median guideline value for streets in Sholinganallur - 1 is Rs 2,200 per sq.ft, which is above the current value of Jahir Hussain 5th Street.

What are the fees associated with purchasing property in Jahir Hussain 5th Street?

The fees associated with purchasing property include a stamp duty of 7% and a registration fee of 2% based on the guideline value. For example, a 1,000 sq.ft plot would incur a total fee of Rs 1,53,000.