Guideline Value for JEGADHAMBAL STREET

Jegadhambal Street guideline value

The current guideline value of Jegadhambal Street is Rs 3,200 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 - I.

How the guideline value of Jegadhambal Street has changed

The guideline value for Jegadhambal Street has seen several revisions over the years. In 2002, the guideline value was Rs 420 per sq.ft, which increased to Rs 461 per sq.ft in 2003. The value continued to rise, reaching Rs 700 per sq.ft in 2007, then jumping significantly to Rs 3,000 per sq.ft in 2012. However, it decreased to Rs 2,010 per sq.ft in 2017 before increasing again to Rs 3,000 per sq.ft in 2023. The latest revision in 2024 set the guideline value at Rs 3,200 per sq.ft.

In terms of percentage changes, the guideline value increased by 10% from 2002 to 2003, followed by a 52% increase from 2003 to 2007. There was a substantial rise of 329% from 2007 to 2012, but a decrease of 33% occurred from 2012 to 2017. The value then rose by 49% from 2017 to 2023, and the most recent revision shows a 7% increase from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by 662%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO with a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, placing Jegadhambal Street's 2024 figure above this median.

• Jegajeevan Ram Nagar: Rs 1,600 per sq.ft (2024)
• Jegajeevanram Nagar 1st Street: Rs 1,600 per sq.ft (2024)
• Jegajeevanram Nagar 2nd Street: Rs 1,600 per sq.ft (2024)
• Jegajeevanram Nagar 3rd Street: Rs 1,600 per sq.ft (2024)
• Jegajeevanram Nagar 4th Street: Rs 1,600 per sq.ft (2024)
• Jegajeevanram Nagar 5th Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Jegadhambal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,200 per sq.ft, the total guideline value amounts to Rs 32,00,000. The stamp duty at 7% would be Rs 2,24,000, and the registration fee at 2% would be Rs 64,000, bringing the total cost for these fees to Rs 2,88,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jegadhambal Street?

The Sub Registrar Office that covers Jegadhambal Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Perambur. It serves as a benchmark for determining the minimum sale price of a property, ensuring that transactions are recorded at a fair value as per government regulations.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory charges that must be paid during the registration process. This ensures that all property transactions are transparent and comply with the legal requirements set by the state.

Frequently asked questions

What is the current guideline value of Jegadhambal Street?

The current guideline value of Jegadhambal Street is Rs 3,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 420 per sq.ft in 2002 to Rs 3,200 per sq.ft in 2024, showing an overall increase of 662% over the years.

What are the stamp duty and registration fees for property in Jegadhambal Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 32,00,000. The stamp duty at 7% is Rs 2,24,000, and the registration fee at 2% is Rs 64,000, totaling Rs 2,88,000 for these fees.

Which office handles the registration for Jegadhambal Street?

The Purasaivakkam Sub Registrar Office handles the registration for Jegadhambal Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the median guideline value for streets in Perambur?

The median guideline value for streets in Perambur is Rs 2,700 per sq.ft, with Jegadhambal Street's 2024 figure of Rs 3,200 per sq.ft being above this median.