Guideline Value for Jagajeevan Ram Street

Jagajeevan Ram Street guideline value

The current guideline value of Jagajeevan Ram Street is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Agaramthen village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Jagajeevan Ram Street has changed

The guideline value for Jagajeevan Ram Street has seen several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which then decreased to Rs 335 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 500 per sq.ft. The most recent 2024 revision has further increased the guideline value to Rs 550 per sq.ft, marking a 10% rise from the previous year.

It is important to note that there are no recorded figures for Jagajeevan Ram Street in the revisions from 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Agaramthen

Agaramthen village has a total of 125 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 440 to Rs 3,700 per sq.ft. The median value for these streets is Rs 830 per sq.ft, indicating that the guideline value of Jagajeevan Ram Street is below this median.

• Jayamangala Nagar: Rs 990 per sq.ft (2024)
• Jayapaul Street: Rs 830 per sq.ft (2024)
• J.J. Nagar 1st Street: Rs 550 per sq.ft (2024)
• J.J. Nagar 2nd Street: Rs 550 per sq.ft (2024)
• J.J. Nagar 3rd Street: Rs 550 per sq.ft (2024)
• J.J. Nagar 4th Street: Rs 550 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 guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, while the registration fee at 2% would be Rs 11,000. Together, the total charges would be Rs 49,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. 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 Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process of property transactions in Agaramthen. When a property is bought or sold, 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 guideline value as it can affect the overall costs involved in property registration. Ensuring compliance with the guideline value helps facilitate a smoother transaction process.

Frequently asked questions

What is the current guideline value of Jagajeevan Ram Street?

The current guideline value of Jagajeevan Ram Street is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification for Jagajeevan Ram Street?

The land classification for Jagajeevan Ram Street is Residential Class I Type - III.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500 and the registration fee would be Rs 11,000, totaling Rs 49,500.

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

The Tambaram Joint 1 Sub Registrar Office is located at No.26, mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.