Guideline Value for JUHU BEACH CROSS ROAD

Juhu Beach Cross Road guideline value

The current guideline value of Juhu Beach Cross Road is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Uthandi village, under the Neelankarai SRO, and is classified as Residential Special Type - IV.

How the guideline value of Juhu Beach Cross Road has changed

The guideline value for Juhu Beach Cross Road has undergone several revisions over the years. The 2012 revision set the value at Rs 3,500 per sq.ft, which was then reduced to Rs 2,345 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 3,500 per sq.ft, and the most recent 2024 revision raised it further to Rs 3,900 per sq.ft.

In terms of percentage changes, the value increased by 49% from 2017 to 2023, and by 11% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 11%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Uthandi

In Uthandi, there are 197 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 14,700 per sq.ft. The median value for these streets is Rs 1,700 per sq.ft, making the 2024 figure for Juhu Beach Cross Road above that median.

• Juhu Beach Road I: Rs 4,400 per sq.ft (2024)
• Juhu Beach Road II: Rs 4,400 per sq.ft (2024)
• Juhu Beach Road III: Rs 4,400 per sq.ft (2024)
• Juhu Beach Road IV: Rs 4,400 per sq.ft (2024)
• Jothi / Aravindan Garden: Rs 1,100 per sq.ft (2024)
• Kalyana Sundaram Charity: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Juhu Beach Cross Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total to Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Juhu Beach Cross Road?

The Juhu Beach Cross Road falls under the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process for property transactions in Uthandi. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a benchmark for both parties. It is essential to be aware of the current guideline value to understand the financial implications of the transaction, including the costs associated with registration.

Frequently asked questions

What is the current guideline value of Juhu Beach Cross Road?

The current guideline value of Juhu Beach Cross Road is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2023 to Rs 3,900 per sq.ft in 2024. It was Rs 2,345 per sq.ft in 2017 and Rs 3,500 per sq.ft in 2012.

What is the land classification for Juhu Beach Cross Road?

Juhu Beach Cross Road is classified as Residential Special Type - IV under the Neelankarai SRO.

What are the stamp duty and registration fees for properties in this area?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 2,73,000 and the registration fee would be Rs 78,000, totaling Rs 3,51,000.

Where is the Sub Registrar Office for Juhu Beach Cross Road located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.