Guideline Value for JAMBUGESWARA NAGAR 9TH STREET

Jambugeswara Nagar 9th Street guideline value

The current guideline value of Jambugeswara Nagar 9th Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Korattur village under the Villivakkam SRO and is classified as Residential Class III Type - III.

How the guideline value of Jambugeswara Nagar 9th Street has changed

The guideline value for Jambugeswara Nagar 9th Street has seen several revisions over the years. In the 2012 revision, the value was set at Rs 1,500 per sq.ft, which then decreased to Rs 1,005 per sq.ft in the 2017 revision, marking a decline of 33%. However, the latest revision in 2024 has increased the guideline value to Rs 1,600 per sq.ft, representing a significant rise of 59% from the 2017 figure.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 7%. It is important to note that the guideline register has no figures for the years 2002, 2003, 2007, and 2023 for this street.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 8,200 per sq.ft, with a median value of Rs 2,500 per sq.ft. The guideline value for Jambugeswara Nagar 9th Street is below this median.

• JAMBUGESWARA NAGAR 8th STREET: Rs 1,600 per sq.ft (2024)
• Jambugeswara Nagar High Road: Rs 1,300 per sq.ft (2024)
• JAMBUGESWARA NAGAR 7th STREET: Rs 1,600 per sq.ft (2024)
• JAMBUGESWARA NAGAR (Kovil Land): Rs 1,600 per sq.ft (2024)
• JAMBUGESWARA NAGAR 6th STREET: Rs 1,600 per sq.ft (2024)
• JAMBUGESWARA NAGAR 5th STREET: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Jambugeswara Nagar 9th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total cost for these fees to Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Jambugeswara Nagar 9th Street?

The Sub Registrar Office that covers Jambugeswara Nagar 9th Street is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Korattur. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the current guideline value to ensure compliance with local regulations and to accurately assess the total costs involved in the transaction.

Frequently asked questions

What is the current guideline value of Jambugeswara Nagar 9th Street?

The current guideline value of Jambugeswara Nagar 9th Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, and then increased to Rs 1,600 per sq.ft in 2024.

What is the land classification for Jambugeswara Nagar 9th Street?

Jambugeswara Nagar 9th Street is classified as Residential Class III Type - III.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000 and the registration fee would be Rs 32,000, totaling Rs 1,44,000.

Which office handles registrations for Jambugeswara Nagar 9th Street?

The Villivakkam Sub Registrar Office handles registrations for Jambugeswara Nagar 9th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.