Guideline Value for JAWAHAR HUSEN 3RD STREET

Jawahar Husen 3rd Street guideline value

The current guideline value of Jawahar Husen 3rd 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 3rd Street has changed

The guideline value for Jawahar Husen 3rd Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 677 per sq.ft. This increased to Rs 752 per sq.ft in 2003, marking an 11% rise. The value then rose by 20% to Rs 900 per sq.ft in 2007. The next revision in 2012 saw a significant increase of 233%, bringing the value to Rs 3,000 per sq.ft. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, reflecting a 10% increase from 2012.

There are no figures available for the years 2017 and 2023 for this street. Overall, from 2002 to 2024, the guideline value has increased by 387%.

Guideline values in Mylapore

In Mylapore village, there are 883 streets under the Mylapore SRO that have 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 of Jawahar Husen 3rd Street is below this median.

• Jawahar Husen 2nd Street: Rs 3,300 per sq.ft (2024)
• Jawahar Husen 4th Street: Rs 3,300 per sq.ft (2024)
• Jawahar Husen 1st 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 3rd 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, leading to a total of Rs 2,97,000. Please 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 3rd Street?

The Sub Registrar Office that covers Jawahar Husen 3rd 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 crucial during the registration of property transactions in Mylapore. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the registration process is aligned with the official valuation set by the authorities.

Frequently asked questions

What is the current guideline value of Jawahar Husen 3rd Street?

The current guideline value of Jawahar Husen 3rd 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 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 the years.

What is the classification of land in Jawahar Husen 3rd Street?

Jawahar Husen 3rd Street is classified as Residential Class V Type - III under the Mylapore SRO.

Where can I find the Mylapore Sub Registrar Office?

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

How is stamp duty calculated for properties in Mylapore?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 33,00,000, the stamp duty would be calculated accordingly.