Guideline Value for JUHU BEACH ROAD IV

Juhu Beach Road IV guideline value

The current guideline value of Juhu Beach Road IV is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Uthandi village and falls under the Neelankarai SRO, classified as Residential Special Type - III.

How the guideline value of Juhu Beach Road IV has changed

The guideline value for Juhu Beach Road IV has seen several revisions over the years. In 2012, the value was set at Rs 4,000 per sq.ft, which then decreased to Rs 2,680 per sq.ft in 2017. Following this, the value increased significantly to Rs 4,000 per sq.ft in 2023. As of 2024, the current value is Rs 4,400 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, comparing the years 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 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, with a median value of Rs 1,700 per sq.ft. Juhu Beach Road IV's 2024 figure of Rs 4,400 per sq.ft is above this median.

• Juhu Beach Road III: Rs 4,400 per sq.ft (2024)
• Juhu Beach Road II: Rs 4,400 per sq.ft (2024)
• Juhu Beach Road I: Rs 4,400 per sq.ft (2024)
• Juhu Beach Cross Road: Rs 3,900 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 Road IV

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, leading to a total of Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Juhu Beach Road IV?

The Juhu Beach Road IV is covered by the Neelankarai Sub Registrar Office located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Uthandi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the duty is charged on the higher of the two. This ensures that the state receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Juhu Beach Road IV is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then back to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,400 per sq.ft in 2024.

What is the land classification for Juhu Beach Road IV?

Juhu Beach Road IV is classified as Residential Special Type - III, which indicates its suitability for residential purposes.

What are the registration fees for buying property in Juhu Beach Road IV?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Neelankarai Sub Registrar Office?

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