Guideline Value for Jaganatha Thottam

Jaganatha Thottam guideline value

The current guideline value of Jaganatha Thottam is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Mylapore Part 1 village, under the Chennai Central Joint I SRO, and is classified as Residential Class II Type - I.

How the guideline value of Jaganatha Thottam has changed

The guideline value for Jaganatha Thottam has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 7,700 per sq.ft, which reflects a 10% increase from the 2023 revision of Rs 7,000 per sq.ft. The register has no figure for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2023 revision, the last recorded value was Rs 7,000 per sq.ft. The changes in guideline value from 2023 to 2024 indicate a notable increase, aligning with the overall adjustments seen in the Chennai Central Joint I SRO region.

Guideline values in Mylapore Part 1

In Mylapore Part 1, there are 333 streets under the Chennai Central Joint I SRO, with guideline values ranging from Rs 4,400 to Rs 25,300 per sq.ft. The median guideline value for this area is Rs 8,800 per sq.ft, placing Jaganatha Thottam's 2024 figure below that median.

• Jaipur Colony: Rs 15,400 per sq.ft (2024)
• Jayammal Street: Rs 11,000 per sq.ft (2024)
• H.D.Raja Street: Rs 8,700 per sq.ft (2024)
• J.J.Road: Rs 14,300 per sq.ft (2024)
• Gowdia Mutt Road: Rs 13,200 per sq.ft (2024)
• Gowdia Mutt Lane: Rs 13,200 per sq.ft (2024)

Stamp duty and registration fee for property in Jaganatha Thottam

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value would be Rs 77,00,000. The stamp duty at 7% would amount to Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, resulting in a total of Rs 6,93,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Jaganatha Thottam?

The Sub Registrar Office that covers Jaganatha Thottam is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mylapore Part 1

The guideline value plays a crucial role in the registration process of property transactions in Mylapore Part 1. It is used to determine the stamp duty and registration fees that buyers must pay when acquiring property. The guideline value is a standard reference point set by the government to ensure uniformity in property transactions.

When selling property, the guideline value helps establish a baseline for pricing. It ensures that the sale price reflects the value recognized by the authorities, which is essential for legal and financial documentation during the registration process.

Frequently asked questions

What is the current guideline value of Jaganatha Thottam?

The current guideline value of Jaganatha Thottam is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Jaganatha Thottam has changed from Rs 7,000 per sq.ft in 2023 to Rs 7,700 per sq.ft in 2024, reflecting a 10% increase. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What are the guideline values of other streets in Mylapore Part 1?

Other streets in Mylapore Part 1 have varying guideline values, with rates ranging from Rs 4,400 to Rs 25,300 per sq.ft. For example, Jaipur Colony has a value of Rs 15,400 per sq.ft, while Jayammal Street is at Rs 11,000 per sq.ft.

What is the stamp duty for property in Jaganatha Thottam?

The stamp duty for property in Jaganatha Thottam is calculated at 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 77,00,000, the stamp duty would be Rs 5,39,000.

Where can I find the Sub Registrar Office for Jaganatha Thottam?

The Sub Registrar Office for Jaganatha Thottam is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find more details by visiting the provided link.