Guideline Value for JAWAHAR HUSEN 6TH STREET

Jawahar Husen 6th Street guideline value

The current guideline value of Jawahar Husen 6th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village and falls under the Mylapore SRO. The land classification for this area is Residential Class V Type - III.

How the guideline value of Jawahar Husen 6th Street has changed

The guideline value for Jawahar Husen 6th Street has seen several revisions over the years. The earliest recorded value was Rs 677 per sq.ft in 2002, which increased to Rs 752 per sq.ft in 2003, marking a change of +11%. By 2007, the value surged to Rs 900 per sq.ft, reflecting a significant increase of +20%. The 2012 revision brought the value to Rs 3,000 per sq.ft, representing a substantial rise of +233%. However, from 2012 to 2017, the value decreased to Rs 2,010 per sq.ft, a drop of -33%. The guideline value then rose to Rs 3,000 per sq.ft in 2023, and the most recent revision in 2024 set it at Rs 3,300 per sq.ft, marking a +10% increase.

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

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median guideline value in this area is Rs 8,800 per sq.ft, placing Jawahar Husen 6th Street's 2024 figure below that median.

• Jawahar Husen 5th Street: Rs 3,300 per sq.ft (2024)
• Jawahar Husen 4th 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 6th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, making the total Rs 2,97,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jawahar Husen 6th Street?

The Sub Registrar Office that covers Jawahar Husen 6th 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 during the registration of property transactions in Mylapore. It serves as a benchmark for calculating the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction.

When a property is bought or sold, the guideline value is used to ensure that the transaction is recorded accurately. This helps in maintaining transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value of Jawahar Husen 6th Street?

The current guideline value of Jawahar Husen 6th 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 677 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, showing an overall increase of +387% across the years.

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

The stamp duty is charged at 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which office handles registrations for Jawahar Husen 6th Street?

The Mylapore Sub Registrar Office handles registrations for Jawahar Husen 6th Street, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.

Are there other streets in Mylapore with the same guideline value?

Yes, several other streets in Mylapore, such as Jawahar Husen 5th Street, 4th Street, 3rd Street, 2nd Street, and 1st Street, also have a guideline value of Rs 3,300 per sq.ft as of 2024.