Guideline Value for JAIN KOIL CROSS STREET

Jain Koil Cross Street guideline value

The current guideline value of Jain Koil Cross Street is Rs 1,930 per sq.ft, effective from 1 July 2024. This street is located in Karambakkam village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Jain Koil Cross Street has changed

The guideline value for Jain Koil Cross Street has undergone several revisions over the years. The earliest recorded figure is Rs 190 per sq.ft in 2002, which rose to Rs 219 per sq.ft in 2003, marking a 15% increase. In 2007, the value jumped significantly to Rs 500 per sq.ft, reflecting a 128% rise. The 2012 revision saw the value remain at Rs 1,750 per sq.ft, while in 2017, it increased to Rs 1,172 per sq.ft. The 2023 revision set the value at Rs 1,750 per sq.ft, and the most recent revision in 2024 established the current value at Rs 1,930 per sq.ft, a 10% increase from the previous year.

Between the 2017 and 2023 revisions, there was a notable increase of 49%. The 2012 to 2017 period saw a decrease of 33%. The significant rise from 2007 to 2012 was 250%. Overall, from 2002 to 2024, the guideline value has increased by 916%.

Guideline values in Karambakkam

In Karambakkam, there are 159 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 5,500 per sq.ft. The median guideline value is Rs 1,930 per sq.ft, which is equal to the current value of Jain Koil Cross Street.

• Jain Koil Street: Rs 1,930 per sq.ft (2024)
• Jaya Nagar: Rs 3,030 per sq.ft (2024)
• Jaya Nagar Chruch Street: Rs 3,030 per sq.ft (2024)
• Jayanagar Estates: Rs 3,030 per sq.ft (2024)
• Jaya Nagar Jaya Vinayagar Koil Street: Rs 3,030 per sq.ft (2024)
• Jaya Nagar Masque Street: Rs 3,030 per sq.ft (2024)

Stamp duty and registration fee for property in Jain Koil Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,930 per sq.ft, the total guideline value amounts to Rs 19,30,000. The stamp duty at 7% would be Rs 1,35,100, and the registration fee at 2% would be Rs 38,600, totaling Rs 1,73,700. It is important to note that the 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 Jain Koil Cross Street?

The Sub Registrar Office covering Jain Koil Cross Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Karambakkam, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that the transaction is legally recognized.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the financial aspects of property transactions. Understanding the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Jain Koil Cross Street?

The current guideline value of Jain Koil Cross Street is Rs 1,930 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most significant increase of 250% occurring from 2007 to 2012. Overall, the value has increased by 916% from 2002 to 2024.

What is the land classification for Jain Koil Cross Street?

The land classification for Jain Koil Cross Street is Residential Class III Type - I.

What are the stamp duty and registration fees for a property in Jain Koil Cross Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 19,30,000, with stamp duty at Rs 1,35,100 and registration fee at Rs 38,600, totaling Rs 1,73,700.

Where is the Sub Registrar Office for Jain Koil Cross Street located?

The Sub Registrar Office is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.