Guideline Value for JESUPATHAM STREET

Jesupatham Street guideline value

The current guideline value of Jesupatham Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village under the Pallavaram SRO, classified as Residential Class I Type - II.

How the guideline value of Jesupatham Street has changed

The guideline value for Jesupatham Street has seen several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which then decreased to Rs 2,010 per sq.ft in 2017. However, the 2023 revision increased it to Rs 3,000 per sq.ft, and the latest revision in 2024 raised it further to Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

In terms of percentage changes, the increase from 2017 to 2023 was 49%, while the decrease from 2012 to 2017 was 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Zaminpallavaram

Zaminpallavaram has a total of 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value is Rs 3,300 per sq.ft, which is equal to the current value of Jesupatham Street.

• Jesudhasan Street: Rs 3,300 per sq.ft (2024)
• Joseph Colony: Rs 3,300 per sq.ft (2024)
• Jothi Colony: Rs 3,520 per sq.ft (2024)
• Joy Nagar: Rs 3,520 per sq.ft (2024)
• Jayalakshmi Street: Rs 3,300 per sq.ft (2024)
• Jayalakshmi Nagar 1 To 3 Streets: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Jesupatham Street

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

Which Sub Registrar Office covers Jesupatham Street?

The Sub Registrar Office that covers Jesupatham Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of properties in Zaminpallavaram. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the established values.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property can be registered. This transparency aids in fair transactions and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Jesupatham Street?

The current guideline value of Jesupatham 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 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then back to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification of Jesupatham Street?

Jesupatham Street is classified as Residential Class I Type - II according to the local regulations.

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

The Sub Registrar Office for Jesupatham Street is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is stamp duty calculated for properties in Jesupatham Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot valued at Rs 3,300 per sq.ft incurs a stamp duty of Rs 2,31,000.