Guideline Value for JAWAHAR STREET

Jawahar Street guideline value

The current guideline value of Jawahar Street, located in Chembarambakkam village under the Poonamallee SRO, is Rs 878 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - V land classification.

How the guideline value of Jawahar Street has changed

The guideline value for Jawahar Street has seen several revisions over the years. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 800 per sq.ft, which increased to Rs 878 per sq.ft in the 2024 revision, marking a change of +10%.

As of the 2024 revision, the current guideline value stands at Rs 878 per sq.ft. This is a notable increase from the previous year, reflecting the latest assessment of property values in the area.

Guideline values in Chembarambakkam

In Chembarambakkam, there are 64 streets under the Poonamallee SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Jawahar Street's 2024 figure below that median.

• Jawahar Street 97/4c, 4i, 4j, 5,6,7,8,910: Rs 878 per sq.ft (2024)
• Industrial: Rs 1,950 per sq.ft (2024)
• Highlight: Rs 3,400 per sq.ft (2024)
• Gandhi Street Athukkal Therukenar Varai: Rs 878 per sq.ft (2024)
• Gandhi Street Aathukal Street Till Well 97/4c, 4i,4j,5,6.7.8.9.10: Rs 878 per sq.ft (2024)
• Eternity Phase II: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Jawahar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 878 per sq.ft, the total guideline value amounts to Rs 8,78,000. The stamp duty at 7% would be Rs 61,460, while the registration fee at 2% would be Rs 17,560, bringing the total charges to Rs 79,020. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jawahar Street?

The Sub Registrar Office that covers Jawahar Street is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is a critical reference for determining the minimum price at which a property can be registered in Chembarambakkam. When buying or selling property, it is essential to consider the guideline value, as it influences the stamp duty and registration fees applicable during the transaction.

During the registration process, the guideline value serves as a baseline for calculating the associated duties and fees. Buyers should be aware that the duty is charged based on the higher of the guideline value or the sale price, ensuring that the registration reflects the true value of the property.

Frequently asked questions

What is the current guideline value of Jawahar Street?

The current guideline value of Jawahar Street is Rs 878 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Jawahar Street was Rs 800 per sq.ft in 2023 and increased to Rs 878 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Jawahar Street?

Jawahar Street is classified as Residential Class I Type - V, which indicates its designation for residential purposes.

What are the stamp duty and registration fees for properties in Jawahar Street?

For a property valued at Rs 8,78,000, the stamp duty would be Rs 61,460 and the registration fee would be Rs 17,560, totaling Rs 79,020. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Jawahar Street?

The Sub Registrar Office for Jawahar Street is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.