Guideline Value for JAWAHAR STREET

Jawahar Street guideline value

The current guideline value of Jawahar Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class III Type - II.

How the guideline value of Jawahar Street has changed

Over the years, the guideline value for Jawahar Street has seen significant changes. Starting from Rs 461 per sq.ft in 2003, it increased to Rs 550 per sq.ft in 2007, marking a 19% rise. The value then surged dramatically to Rs 2,500 per sq.ft in 2012, reflecting a substantial 355% increase. However, from 2012 to 2023, the value remained unchanged at Rs 2,500 per sq.ft. The most recent revision in 2024 raised the guideline value to Rs 2,700 per sq.ft, an increase of 8% from the previous year’s figure of Rs 2,500 per sq.ft.

It is important to note that there are no figures available for Jawahar Street in the 2017 and 2002 revisions. Overall, from 2003 to 2024, the guideline value has increased by 486%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry a guideline value for 2024, ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, which aligns with the current guideline value of Jawahar Street.

• Jayalakshmi Nagar: Rs 2,200 per sq.ft (2024)
• Janagiraman Garden: Rs 3,800 per sq.ft (2024)
• Jamal Nagar: Rs 5,400 per sq.ft (2024)
• Jamalia Nagar Main Road & Cross Street: Rs 6,400 per sq.ft (2024)
• Jamalia Nagar: Rs 6,400 per sq.ft (2024)
• Jamalia Link Road: Rs 6,400 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 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty, charged at 7%, would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, making the total cost for these fees Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, 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 Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Perambur. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, which are mandatory for legal documentation.

It is essential to be aware that the guideline value can differ significantly between various streets and areas within Perambur, impacting the overall cost of property transactions. Buyers and sellers should always refer to the latest guideline values to ensure compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Jawahar Street?

The current guideline value of Jawahar Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2003, the guideline value has increased from Rs 461 per sq.ft to Rs 2,700 per sq.ft in 2024, representing an overall increase of 486%.

What is the land classification of Jawahar Street?

Jawahar Street is classified as Residential Class III Type - II under the current guidelines.

Where can I find the Purasaivakkam Sub Registrar Office?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is stamp duty calculated for properties in Jawahar Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For a property valued at Rs 27,00,000, the stamp duty at 7% would amount to Rs 1,89,000.