Guideline Value for Jagajeevanram Street

Jagajeevanram Street guideline value

The current guideline value of Jagajeevanram Street is Rs 1,650 per sq.ft. This street is located in Chitlapakkam village, under the Tambaram Joint 1 SRO, and is classified as Residential Class I Type - III.

How the guideline value of Jagajeevanram Street has changed

The guideline value for Jagajeevanram Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was a decrease of 33% from the previous revision in 2017, where the value was Rs 1,005 per sq.ft. The 2023 revision saw an increase to Rs 1,500 per sq.ft, followed by a further increase to Rs 1,650 per sq.ft in the 2024 revision, marking a 10% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value is Rs 1,650 per sq.ft, which is the same as the current guideline value for Jagajeevanram Street.

• Jahir Hussian St: Rs 1,650 per sq.ft (2024)
• Jarchi salai mairo avenue: Rs 1,650 per sq.ft (2024)
• Jawahar Street: Rs 1,650 per sq.ft (2024)
• Jaya Nagar 2nd Cross Street: Rs 3,850 per sq.ft (2024)
• Jaya Nagar 2nd Main Road: Rs 3,850 per sq.ft (2024)
• Jaya Nagar 3rd Cross Street: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Jagajeevanram Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, making the total charges Rs 1,48,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jagajeevanram Street?

The Sub Registrar Office that covers Jagajeevanram 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 Chitlapakkam

The guideline value is a crucial factor in the property registration process in Chitlapakkam. It serves as a benchmark for determining the minimum sale price of a property, ensuring that transactions are conducted fairly and transparently.

When buying or selling property, the guideline value is utilized to calculate the applicable stamp duty and registration fees. This helps in maintaining a standardized approach to property transactions within the region.

Frequently asked questions

What is the current guideline value of Jagajeevanram Street?

The current guideline value of Jagajeevanram Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2023 to Rs 1,650 per sq.ft in 2024, which is a 10% increase. It was Rs 1,005 per sq.ft in 2017 and Rs 1,500 per sq.ft in 2012.

What are the stamp duty rates for properties on Jagajeevanram Street?

The stamp duty for properties on Jagajeevanram Street is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office located for Jagajeevanram Street?

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

What is the land classification for Jagajeevanram Street?

Jagajeevanram Street is classified as Residential Class I Type - III, indicating its suitability for residential purposes.