Guideline Value for Jagajeevan Ram Street

Jagajeevan Ram Street guideline value

The current guideline value of Jagajeevan Ram Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village under the Pammal SRO, classified as Residential Class II Type - I.

How the guideline value of Jagajeevan Ram Street has changed

The guideline value for Jagajeevan Ram Street has undergone several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft, which increased to Rs 1,000 per sq.ft in the 2023 revision. The latest revision in 2024 has raised the guideline value to Rs 1,100 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The significant changes between the revisions highlight the evolving nature of property values in the area.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft, with a median value of Rs 1,320 per sq.ft. Jagajeevan Ram Street's 2024 guideline value is below this median.

• Jayanthi Nagar: Rs 1,320 per sq.ft (2024)
• Jayanthi Nagar Karumariyamman Koil Street: Rs 1,100 per sq.ft (2024)
• Indra Gandhi Street: Rs 1,100 per sq.ft (2024)
• Jeevadoss Nagar: Rs 1,100 per sq.ft (2024)
• Jeeva Street: Rs 1,100 per sq.ft (2024)
• J.J. Nagar: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Jagajeevan Ram Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. 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 more details.

Which Sub Registrar Office covers Jagajeevan Ram Street?

The Sub Registrar Office that covers Jagajeevan Ram Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Pozhichalur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements and to accurately calculate the costs associated with property transactions.

Frequently asked questions

What is the current guideline value of Jagajeevan Ram Street?

The current guideline value of Jagajeevan Ram Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, marking a total increase of 64% over this period.

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

Other streets in Pozhichalur include Jayanthi Nagar at Rs 1,320 per sq.ft, and several streets at Rs 1,100 per sq.ft, such as Jayanthi Nagar Karumariyamman Koil Street, Indra Gandhi Street, Jeevadoss Nagar, and Jeeva Street.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in Tamil Nadu is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Jagajeevan Ram Street?

The Sub Registrar Office for Jagajeevan Ram Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. You can find more information on how to locate your SRO.