Guideline Value for JONUGUNTA STREET

Jonugunta Street guideline value

The current guideline value of Jonugunta Street is Rs 104 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village, under the Pallipattu SRO, and is classified as Residential Class I Type - I.

How the guideline value of Jonugunta Street has changed

In the 2007 revision, the guideline value was Rs 25 per sq.ft. This increased significantly to Rs 80 per sq.ft in 2012, marking a rise of 220%. However, the value then decreased to Rs 54 per sq.ft in 2017, reflecting a decline of 33%. The guideline value saw a substantial increase of 85% to reach Rs 100 per sq.ft in the 2023 revision. The latest revision in 2024 has set the value at Rs 104 per sq.ft, which is a 4% increase from the previous year.

The register has no figures for Jonugunta Street for the years 2002 and 2003.

Guideline values in Kolathur

In Kolathur, there are 18 streets under the Pallipattu SRO that carry a 2024 guideline value ranging from Rs 104 to Rs 150 per sq.ft, with the median being Rs 104 per sq.ft. Jonugunta Street's 2024 figure aligns with this median.

• Kadastreet: Rs 104 per sq.ft (2024)
• Kalanzhi Street: Rs 104 per sq.ft (2024)
• Chinna Kanniyappanar Nagar: Rs 104 per sq.ft (2024)
• Methu Street: Rs 104 per sq.ft (2024)
• Bommarajupet.Yadasteeet: Rs 104 per sq.ft (2024)
• Nadu Street: Rs 104 per sq.ft (2024)

Stamp duty and registration fee for property in Jonugunta Street

For a 1,000 sq.ft plot at the current guideline value of Rs 104 per sq.ft, the total guideline value would be Rs 1,04,000. The stamp duty at 7% would amount to Rs 7,280, and the registration fee at 2% would be Rs 2,080, resulting in a total of Rs 9,360. 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 further calculations.

Which Sub Registrar Office covers Jonugunta Street?

The Sub Registrar Office that covers Jonugunta Street is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during property transactions in Kolathur, as it serves as a benchmark for assessing the value of properties. When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the current guideline value, as it determines the financial obligations associated with the transaction. This ensures that both parties are informed and can proceed with the registration process smoothly.

Frequently asked questions

What is the current guideline value of Jonugunta Street?

The current guideline value of Jonugunta Street is Rs 104 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly over the years, increasing from Rs 25 per sq.ft in 2007 to Rs 104 per sq.ft in 2024, which is an overall increase of 316%.

What is the land classification for Jonugunta Street?

Jonugunta Street is classified as Residential Class I Type - I under the Pallipattu SRO.

Where can I find the registration office for Jonugunta Street?

The registration office for Jonugunta Street is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft property at the current guideline value, the total fees would amount to Rs 9,360.