Guideline Value for JAHIR HUSSAIN MAIN ROAD

Jahir Hussain Main Road guideline value

The current guideline value of Jahir Hussain Main Road is Rs 2,800 per sq.ft, effective from 1 July 2024. This road is located in the Sholinganallur - 1 village under the Neelankarai SRO, classified as Residential Class II Type - II.

How the guideline value of Jahir Hussain Main Road has changed

Over the years, the guideline value for Jahir Hussain Main Road has seen significant changes. In the 2017 revision, the value was set at Rs 1,675 per sq.ft. This increased to Rs 2,500 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has set the value at Rs 2,800 per sq.ft, reflecting a 12% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 67%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 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, and Jahir Hussain Main Road's 2024 figure of Rs 2,800 per sq.ft is above this median.

• Jahir Hussain 5th Street: Rs 1,700 per sq.ft (2024)
• Jahir Hussain 4th Street: Rs 1,700 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 Main Road

For a 1,000 sq.ft plot at the current rate of Rs 2,800 per sq.ft, the guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, totaling Rs 2,52,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jahir Hussain Main Road?

The Jahir Hussain Main Road 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 is a crucial factor in property transactions in Sholinganallur - 1, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration requirements.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are necessary for the legal transfer of property ownership. This ensures that all transactions are recorded accurately and reflect the established values within the area.

Frequently asked questions

What is the current guideline value of Jahir Hussain Main Road?

The current guideline value of Jahir Hussain Main Road is Rs 2,800 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,675 per sq.ft to Rs 2,800 per sq.ft in 2024, marking an overall increase of 67%.

What is the stamp duty for properties on Jahir Hussain Main Road?

The stamp duty for properties on Jahir Hussain Main Road is calculated at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Neelankarai Sub Registrar Office?

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

What are the guideline values of other streets in Sholinganallur - 1?

Other streets in Sholinganallur - 1 have guideline values ranging from Rs 1,700 per sq.ft. For example, Jahir Hussain 1st to 5th Streets all have a guideline value of Rs 1,700 per sq.ft as of 2024.