Guideline Value for JAWAHAR PAKKAM

Jawahar Pakkam guideline value

The current guideline value of Jawahar Pakkam is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is part of Vadaagaram village under the Kodambakkam SRO, classified as Residential Class IV Type - III.

How the guideline value of Jawahar Pakkam has changed

The guideline value for Jawahar Pakkam has seen several revisions over the years. Starting from Rs 573 per sq.ft in 2002, it increased to Rs 634 per sq.ft in 2003, marking an increase of 11%. The value then rose significantly to Rs 750 per sq.ft in 2007, a jump of 18%. The next revision in 2012 saw the value at Rs 3,000 per sq.ft, an increase of 300% from the previous figure. However, it decreased to Rs 2,010 per sq.ft in 2017, reflecting a decline of 33%.

From 2017 to 2023, the guideline value increased to Rs 3,000 per sq.ft, which is a substantial rise of 49%. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, representing a 10% increase from 2023. Overall, from 2002 to 2024, the guideline value has increased by 476%. There are no figures available for the years not listed in the register for this street.

Guideline values in Vadaagaram

In Vadaagaram, there are 78 streets under the Kodambakkam SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median value for these streets is Rs 6,600 per sq.ft, placing Jawahar Pakkam's 2024 figure below that median.

• Indira Gandhi Nagar Main Road: Rs 3,800 per sq.ft (2024)
• Indira Gandhi Nagar 8th Street: Rs 3,800 per sq.ft (2024)
• Indira Gandhi Nagar 7th Street: Rs 3,800 per sq.ft (2024)
• Indira Gandhi Nagar 6th Street: Rs 3,800 per sq.ft (2024)
• Indira Gandhi Nagar 5th Street: Rs 3,800 per sq.ft (2024)
• Indira Gandhi Nagar 4th Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Jawahar Pakkam

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, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jawahar Pakkam?

The Sub Registrar Office that covers Jawahar Pakkam is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Vadaagaram. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the transaction is recorded accurately and legally.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. This ensures transparency and fairness in property transactions, protecting both buyers and sellers.

Frequently asked questions

What is the current guideline value of Jawahar Pakkam?

The current guideline value of Jawahar Pakkam 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 573 in 2002 to Rs 3,300 in 2024, reflecting an overall increase of 476% over the years.

What are the other streets in Vadaagaram and their guideline values?

Other streets in Vadaagaram include Indira Gandhi Nagar Main Road, Indira Gandhi Nagar 8th Street, Indira Gandhi Nagar 7th Street, Indira Gandhi Nagar 6th Street, Indira Gandhi Nagar 5th Street, and Indira Gandhi Nagar 4th Street, all valued at Rs 3,800 per sq.ft in 2024.

What is the stamp duty for property in Jawahar Pakkam?

The stamp duty for a property in Jawahar Pakkam is calculated at 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, this amounts to Rs 2,31,000.

Where is the Kodambakkam Sub Registrar Office located?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.