Guideline Value for Jagageevan Ram Street

Jagageevan Ram Street guideline value

The current guideline value of Jagageevan Ram Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Periyakuppam village, under the Tiruvallur Joint 1 SRO, and is classified as Residential Special Type - I.

How the guideline value of Jagageevan Ram Street has changed

The guideline value of Jagageevan Ram Street has seen several revisions over the years. In 2007, the value was Rs 350 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, there was a decrease to Rs 1,340 per sq.ft in 2017. The value then rose to Rs 2,000 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 2,200 per sq.ft. Notably, the register has no figures for the years 2002 and 2003 for this street.

From 2007 to 2012, the guideline value increased by 471%. However, it saw a decrease of 33% from 2012 to 2017. The value then surged by 49% from 2017 to 2023, followed by a 10% increase from 2023 to 2024. Overall, the guideline value has increased by 529% from 2007 to 2024.

Guideline values in Periyakuppam

In Periyakuppam village, there are 105 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,300 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value of Jagageevan Ram Street is above this median.

• Jagan Nathan Nagar: Rs 879 per sq.ft (2024)
• Ingarsal Street: Rs 1,100 per sq.ft (2024)
• Jain Nagar: Rs 1,650 per sq.ft (2024)
• Indira Nagar: Rs 879 per sq.ft (2024)
• Jansie Rani Street: Rs 1,100 per sq.ft (2024)
• Indira Gandhi Salai: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Jagageevan Ram Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Jagageevan Ram Street?

The Sub Registrar Office that covers Jagageevan Ram Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Periyakuppam. It serves as a reference point for calculating the stamp duty and registration fees, which are mandatory for property transactions.

When a property is registered, the guideline value is used to determine the applicable fees. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, ensuring that the appropriate amount is collected during the registration process.

Frequently asked questions

What is the current guideline value of Jagageevan Ram Street?

The current guideline value of Jagageevan Ram Street is Rs 2,200 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 350 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting a total increase of 529% over this period.

What are the other streets in Periyakuppam with their guideline values?

Other streets in Periyakuppam include Jagan Nathan Nagar at Rs 879 per sq.ft, Ingarsal Street at Rs 1,100 per sq.ft, Jain Nagar at Rs 1,650 per sq.ft, Indira Nagar at Rs 879 per sq.ft, Jansie Rani Street at Rs 1,100 per sq.ft, and Indira Gandhi Salai at Rs 1,100 per sq.ft.

What is the registration fee for property in Jagageevan Ram Street?

The registration fee for property in Jagageevan Ram Street is calculated based on the guideline value, which is currently Rs 2,200 per sq.ft. For a 1,000 sq.ft plot, the total registration fee would be Rs 44,000.

Where is the Sub Registrar Office for Jagageevan Ram Street located?

The Sub Registrar Office for Jagageevan Ram Street is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.