Guideline Value

Corporate

Guideline Value for Jagajeevan Ram Street

₹550/sq.ft.

The guideline value for Jagajeevan Ram Street in Vengambakkam village (Tambaram Joint 1 SRO, Chengalpattu zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Vengambakkam

Village

Tambaram Joint 1

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.26,mes Road, East Tambaram, Chennai-600059.
044-22397171
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Jagajeevan Ram Street

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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 Vengambakkam village, under the Tambaram Joint 1 SRO, and is classified as Residential Class I Type - II.

How the guideline value of Jagajeevan Ram Street has changed

The guideline value of Jagajeevan Ram Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 550 per sq.ft, an increase from Rs 500 per sq.ft in 2023, marking a change of +10%. Prior to that, the 2017 revision recorded a value of Rs 335 per sq.ft, which means there was a significant increase of +49% from 2017 to 2023. The 2012 revision also set the value at Rs 500 per sq.ft, indicating a decrease of -33% when compared to the 2017 figure.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by +10%.

Guideline values in Vengambakkam

In Vengambakkam, there are 88 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 5,000 per sq.ft, with a median value of Rs 770 per sq.ft. The guideline value of Jagajeevan Ram Street is below this median.

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, and the registration fee at 2% would be Rs 11,000, bringing the total fees to Rs 49,500. Please note that 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 Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Vengambakkam

The guideline value is a crucial factor in the registration process when buying or selling property in Vengambakkam. It serves as a benchmark for determining the minimum value of a property, ensuring that the transaction is recorded at a fair value.

When registering a property, buyers and sellers must consider the guideline value to calculate applicable stamp duties and registration fees. This ensures compliance with local regulations and helps in the accurate documentation of 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 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 2023 to Rs 550 per sq.ft in 2024. It was Rs 335 per sq.ft in 2017, and Rs 500 per sq.ft in 2012.

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

Other streets in Vengambakkam include Jayapaul Street at Rs 550 per sq.ft, Indira Gandhi Street at Rs 440 per sq.ft, and Green Square City at Rs 2,970 per sq.ft, among others.

How is the stamp duty calculated for properties on Jagajeevan Ram Street?

Stamp duty for properties on Jagajeevan Ram Street is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a stamp duty of Rs 38,500.

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

The Sub Registrar Office for Jagajeevan Ram Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.