Guideline Value for JAWAHAR HUSEN 1ST STREET

Jawahar Husen 1st Street guideline value

The current guideline value of Jawahar Husen 1st Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village, under the Mylapore SRO, and is classified as Residential Class V Type - III.

How the guideline value of Jawahar Husen 1st Street has changed

The guideline value for Jawahar Husen 1st Street has undergone several revisions over the years. In 2002, the guideline value was Rs 677 per sq.ft. This increased to Rs 752 per sq.ft in 2003, marking an 11% rise. By 2007, the value had jumped to Rs 900 per sq.ft, a 20% increase. The value then saw a significant increase to Rs 3,000 per sq.ft in 2012, which represented a 233% rise. However, it decreased to Rs 2,010 per sq.ft in 2017, reflecting a 33% drop. The value then rose to Rs 3,000 per sq.ft in 2023, followed by a further increase to the current rate of Rs 3,300 per sq.ft in 2024, which is a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 387%. There are no figures available for the revisions in years not listed, and the register has no figure for this street in those years.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 25,800 per sq.ft, with a median value of Rs 8,800 per sq.ft. The guideline value for Jawahar Husen 1st Street is below this median.

• Jawahar Husen 2nd Street: Rs 3,300 per sq.ft (2024)
• Jawahar Husen 3rd Street: Rs 3,300 per sq.ft (2024)
• Jawahar Husen 4th Street: Rs 3,300 per sq.ft (2024)
• Jawahar Husen 5th Street: Rs 3,300 per sq.ft (2024)
• Jawahar Husen 6th Street: Rs 3,300 per sq.ft (2024)
• Janaki Avenue (Mrc Nagar 40 Feet Road): Rs 17,600 per sq.ft (2024)

Stamp duty and registration fee for property in Jawahar Husen 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. 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 Jawahar Husen 1st Street?

The Sub Registrar Office that covers Jawahar Husen 1st Street is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Mylapore. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable fees. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value for Jawahar Husen 1st Street?

The current guideline value for Jawahar Husen 1st Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 677 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 387% over this period.

What is the stamp duty for property in Jawahar Husen 1st Street?

The stamp duty for property in Jawahar Husen 1st Street is calculated at 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Jawahar Husen 1st Street located?

The Sub Registrar Office for Jawahar Husen 1st Street is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.

How can I calculate the registration fees for a property?

You can calculate the registration fees using the stamp duty and registration fee calculator available online.