Guideline Value for Jaganathan Street

Jaganathan Street guideline value

The current guideline value of Jaganathan Street, located in Thiruvancheri village, is Rs 1,980 per sq.ft, effective from 1 July 2024. This street falls under the Pallavaram SRO and is classified as Residential Class I Type - I.

How the guideline value of Jaganathan Street has changed

The guideline value for Jaganathan Street has seen several revisions over the years. The earliest recorded value is from 2007, set at Rs 200 per sq.ft. This figure increased significantly to Rs 1,800 per sq.ft in 2012, marking an increase of 800%. However, it then decreased to Rs 1,206 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 1,500 per sq.ft in 2023, which was a 24% increase from the previous figure. The most recent revision in 2024 has set the value at Rs 1,980 per sq.ft, reflecting a substantial increase of 32% from 2023.

It is important to note that there are no recorded figures for Jaganathan Street in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 890%.

Guideline values in Thiruvancheri

In Thiruvancheri, there are 70 streets under the Pallavaram SRO that have a guideline value for 2024, ranging from Rs 1,100 to Rs 5,000 per sq.ft. The median value is Rs 1,980 per sq.ft, which is the same as the guideline value for Jaganathan Street.

• Jai Nagar: Rs 3,850 per sq.ft (2024)
• Iyyanar Street: Rs 1,980 per sq.ft (2024)
• Jalan Kennady Street: Rs 1,980 per sq.ft (2024)
• Jayalalitha Street: Rs 1,100 per sq.ft (2024)
• Irataimalai Srinivasan Street: Rs 1,980 per sq.ft (2024)
• Jothi Nagar: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Jaganathan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, while the registration fee at 2% would be Rs 39,600. Together, these fees would total Rs 1,78,200. 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 Jaganathan Street?

The Sub Registrar Office that covers Jaganathan Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Thiruvancheri. It serves as a benchmark for calculating the stamp duty and registration fees, which are mandatory for property transactions.

When a property is registered, the higher of the guideline value or the sale price is used to determine the applicable fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Jaganathan Street?

The current guideline value of Jaganathan Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,980 per sq.ft in 2024, reflecting an overall increase of 890% over the years.

What is the median guideline value in Thiruvancheri?

The median guideline value in Thiruvancheri is Rs 1,980 per sq.ft, which is the same as the current value for Jaganathan Street.

What are the stamp duty rates for properties in Jaganathan Street?

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

Which office handles registrations for Jaganathan Street?

The Pallavaram Sub Registrar Office handles registrations for Jaganathan Street, located at 7th Main Road, New Colony, Chromepet, Chennai-600044.