Guideline Value for Jagajeevamram Street

Jagajeevamram Street guideline value

The current guideline value of Jagajeevamram Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Thiruvallur village and falls under the Tiruvallur Joint 1 SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Jagajeevamram Street has changed

The guideline value for Jagajeevamram Street has undergone several revisions over the years. In the 2007 revision, the value was Rs 320 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in the 2012 revision. However, this figure dropped to Rs 1,340 per sq.ft in the 2017 revision before rising again to Rs 2,000 per sq.ft in the 2023 revision. The current value of Rs 2,200 per sq.ft reflects a 10% increase from the previous year.

From 2017 to 2023, the value increased by 49%, while the change from 2012 to 2017 was a decrease of 33%. The most notable increase occurred from 2007 to 2012, where there was a substantial rise of 525%. Overall, from 2007 to 2024, the guideline value has increased by 588%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thiruvallur

In Thiruvallur village, there are 172 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,850 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value of Jagajeevamram Street is above this median.

• Iyyanar Avenue: Rs 1,650 per sq.ft (2024)
• Iyveliagram Colony: Rs 880 per sq.ft (2024)
• Iyveliagaram Street: Rs 1,100 per sq.ft (2024)
• IOB Colony: Rs 2,200 per sq.ft (2024)
• Inkarlal Street: Rs 1,100 per sq.ft (2024)
• Indira Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Jagajeevamram Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jagajeevamram Street?

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

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Thiruvallur, the guideline value is used to calculate the stamp duty and registration fees that must be paid during the registration process.

It is essential for buyers and sellers to be aware of the guideline value, as it impacts the overall cost of the transaction. Ensuring that the property is registered at the correct guideline value helps in maintaining transparency and legality in property dealings.

Frequently asked questions

What is the current guideline value of Jagajeevamram Street?

The current guideline value of Jagajeevamram 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 from Rs 320 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 588% over the years.

What is the land classification for Jagajeevamram Street?

The land classification for Jagajeevamram Street is Residential Special Type - I.

Where is the Sub Registrar Office located for Jagajeevamram Street?

The Tiruvallur Joint 1 Sub Registrar Office is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

How is stamp duty calculated for properties in Jagajeevamram Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 22,00,000, the stamp duty at 7% would be Rs 1,54,000.