Guideline Value for JOSHAB STREET

Joshab Street guideline value

The current guideline value of Joshab Street is Rs 1,000 per sq.ft, as per the 2023 revision. This street is located in Kelambakkam village, under the Thiruporur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Joshab Street has changed

The guideline value of Joshab Street has undergone several revisions over the years. In the 2007 revision, the guideline value was set at Rs 300 per sq.ft. This figure saw a significant increase in the 2012 revision, where it jumped to Rs 1,000 per sq.ft, marking a rise of 233%. However, in the 2017 revision, the value dropped to Rs 670 per sq.ft, reflecting a decrease of 33%. The most recent revision in 2023 saw the guideline value return to Rs 1,000 per sq.ft, which is a 49% increase from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 233%. It is important to note that there are no figures available for the years 2002, 2003, and 2024 in the register for this street.

Guideline values in Kelambakkam

Currently, the guideline value for Joshab Street stands at Rs 1,000 per sq.ft. Unfortunately, there are no specific village figures provided. As for other streets in Kelambakkam, there are no details available at this time.

Stamp duty and registration fee for property in Joshab Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would amount to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000. Together, these fees would total Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Joshab Street?

The Sub Registrar Office that covers Joshab Street is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO by visiting find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Kelambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure that the transaction complies with legal requirements.

At the time of registration, the guideline value is used to calculate the stamp duty and registration fees. These fees are based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Joshab Street?

The current guideline value of Joshab Street is Rs 1,000 per sq.ft, according to the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, and returned to Rs 1,000 per sq.ft in 2023.

What is the registration office for Joshab Street?

The registration office for Joshab Street is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

Are there any other streets in Kelambakkam with guideline values?

Currently, there are no specific guideline values provided for other streets in Kelambakkam.

How are stamp duty and registration fees calculated for properties on Joshab Street?

Stamp duty is calculated at 7% of the guideline value, while the registration fee is charged at 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 90,000 based on the current guideline value.