Guideline Value for JAWAHAR HUSEN 2ND STREET

Jawahar Husen 2nd Street guideline value

The current guideline value of Jawahar Husen 2nd 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 2nd Street has changed

The guideline value for Jawahar Husen 2nd Street has undergone several revisions over the years. Starting from Rs 677 per sq.ft in 2002, it increased to Rs 752 per sq.ft in 2003, marking an 11% rise. The value then saw a 20% increase to Rs 900 per sq.ft in 2007, followed by a significant jump of 233% to Rs 3,000 per sq.ft in 2012. However, between 2012 and 2017, the value decreased by 33% to Rs 2,010 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 3,300 per sq.ft, reflecting a 64% increase from 2017.

There is no figure available for the year 2023 in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 387%.

Guideline values in Mylapore

Mylapore village has a total of 883 streets under the Mylapore SRO, with guideline values ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median value for these streets is Rs 8,800 per sq.ft, placing Jawahar Husen 2nd Street's 2024 figure below this median.

• Jawahar Husen 1st 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 2nd 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, resulting in a total of Rs 2,97,000. 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 Jawahar Husen 2nd Street?

The Sub Registrar Office that covers Jawahar Husen 2nd 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 in property transactions in Mylapore. It serves as the basis for calculating stamp duty and registration fees when buying or selling property. The fees are determined by the higher of the guideline value or the sale price, ensuring that the government collects appropriate taxes on property transactions.

When registering a property, buyers must provide the guideline value to the registration office, which will then calculate the necessary fees. This process ensures transparency and helps maintain a standardized valuation for properties across the region.

Frequently asked questions

What is the current guideline value of Jawahar Husen 2nd Street?

The current guideline value of Jawahar Husen 2nd Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 677 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, which is an overall increase of 387%.

What is the land classification for Jawahar Husen 2nd Street?

Jawahar Husen 2nd Street is classified as Residential Class V Type - III.

Where can I find the registration office for Jawahar Husen 2nd Street?

The registration office for Jawahar Husen 2nd Street is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.

What is the median guideline value for streets in Mylapore?

The median guideline value for streets in Mylapore is Rs 8,800 per sq.ft, which means that the guideline value of Jawahar Husen 2nd Street is below this median.