Guideline Value for Jafferkhanpet Street Block 76,84

Jafferkhanpet Street Block 76,84 guideline value

The current guideline value of Jafferkhanpet Street Block 76,84 is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Jafferkhanpet Street Block 76,84 has changed

Over the years, the guideline value of Jafferkhanpet Street Block 76,84 has seen several revisions. The earliest recorded figure is from 2007, where the value was Rs 1,460 per sq.ft. This increased significantly to Rs 5,000 per sq.ft in 2012, marking a 242% rise. However, the value decreased to Rs 3,350 per sq.ft in 2017, which was a 33% drop. The value then rose to Rs 5,000 per sq.ft in 2023, followed by another increase to Rs 5,500 per sq.ft in 2024, representing a 10% change.

From 2017 to 2023, there was a notable increase of 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 277%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO that have a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, placing Jafferkhanpet Street Block 76,84 above that median.

• Jafferkhanpettai Road Block 84: Rs 5,500 per sq.ft (2024)
• Jaibalaji Nagar: Rs 4,100 per sq.ft (2024)
• Jaibalaji Nagar 180-250 Extension: Rs 4,100 per sq.ft (2024)
• Inner Ring Road (Jawaharlal Nehru) Road 100 Feet Road: Rs 11,000 per sq.ft (2024)
• Inner Ring Road (In-circle Road): Rs 11,000 per sq.ft (2024)
• Jaishankar Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Jafferkhanpet Street Block 76,84

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total fees to Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jafferkhanpet Street Block 76,84?

The Sub Registrar Office that covers Jafferkhanpet Street Block 76,84 is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value is a critical factor when buying or selling property in Kodambakkam. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees. Buyers should be aware that the guideline value can influence the overall cost of purchasing property.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the transaction is documented accurately and reflects the property's value as determined by the local authorities.

Frequently asked questions

What is the current guideline value of Jafferkhanpet Street Block 76,84?

The current guideline value of Jafferkhanpet Street Block 76,84 is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,460 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 277% over the years.

What is the median guideline value for streets in Kodambakkam?

The median guideline value for the 1,031 streets in Kodambakkam under the Ashok Nagar SRO is Rs 4,900 per sq.ft, with Jafferkhanpet Street Block 76,84 being above this median.

What are the stamp duty and registration fees for a property in Jafferkhanpet Street Block 76,84?

For a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000 and the registration fee would be Rs 1,10,000, totaling Rs 4,95,000.

Where is the Sub Registrar Office for Jafferkhanpet Street Block 76,84 located?

The Sub Registrar Office for Jafferkhanpet Street Block 76,84 is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.