Guideline Value for JAWAHAR HUSEN 5TH STREET

Jawahar Husen 5th Street guideline value

The current guideline value of Jawahar Husen 5th 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 5th Street has changed

The guideline value for Jawahar Husen 5th Street has undergone several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 631 per sq.ft. This increased to Rs 701 per sq.ft in 2003, marking an increase of 11%. The value then rose significantly to Rs 900 per sq.ft in 2007, a change of 28%. In 2012, the guideline value reached Rs 3,000 per sq.ft, reflecting a substantial increase of 233% from the previous revision. However, it decreased to Rs 2,010 per sq.ft in 2017, a decline of 33%. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, which is a 64% increase from 2017.

The register has no figure for Jawahar Husen 5th Street for the year 2023. Overall, from 2002 to 2024, the guideline value has increased by 423%.

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. The median guideline value for these streets is Rs 8,800 per sq.ft, indicating that the guideline value of Jawahar Husen 5th Street is below this median.

• Jawahar Husen 4th Street: Rs 3,300 per sq.ft (2024)
• Jawahar Husen 6th Street: Rs 3,300 per sq.ft (2024)
• Jawahar Husen 3rd Street: Rs 3,300 per sq.ft (2024)
• Jawahar Husen 2nd Street: Rs 3,300 per sq.ft (2024)
• Jawahar Husen 1st 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 5th 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. 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 detailed calculations.

Which Sub Registrar Office covers Jawahar Husen 5th Street?

The Sub Registrar Office that covers Jawahar Husen 5th 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 plays a crucial role in the registration process of property transactions in Mylapore. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these charges are based on the higher of the guideline value or the actual sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Jawahar Husen 5th Street?

The current guideline value of Jawahar Husen 5th 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 from Rs 631 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 423% over the years.

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

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office covers Jawahar Husen 5th Street?

The Mylapore Sub Registrar Office covers Jawahar Husen 5th Street, 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, while Jawahar Husen 5th Street's 2024 value is below this median at Rs 3,300 per sq.ft.