Guideline Value for Jaganathan Salai / Street

Jaganathan Salai / Street guideline value

The current guideline value of Jaganathan Salai / Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village under the Sembiam Sub Registrar Office (SRO). The land classification for this area is Residential Special Type - I.

How the guideline value of Jaganathan Salai / Street has changed

The guideline value for Jaganathan Salai / Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 4,400 per sq.ft, which is an increase of 10% from the 2023 revision of Rs 4,000 per sq.ft. Prior to that, the value remained unchanged at Rs 4,000 per sq.ft from the 2012 revision. The 2007 revision marked a significant increase, where the value was set at Rs 700 per sq.ft, representing a 471% rise to the 2012 figure.

Overall, from the 2007 revision to the current 2024 figure, there has been a substantial increase of 529%. It is important to note that there are no registered figures for Jaganathan Salai / Street in the years 2017, 2003, and 2002.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO, with guideline values ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, placing Jaganathan Salai / Street above this median value.

• Jaganathan Nagar: Rs 2,700 per sq.ft (2024)
• Jagannathan 10th Cross Street: Rs 2,700 per sq.ft (2024)
• Jagannathan 11th Cross Street: Rs 2,700 per sq.ft (2024)
• Jagannathan 12th Cross Street: Rs 2,700 per sq.ft (2024)
• Jagannathan 13th Cross Street: Rs 2,700 per sq.ft (2024)
• Jagannathan 14th Cross Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Jaganathan Salai / Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty, charged at 7%, would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total cost for these fees to Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jaganathan Salai / Street?

The Jaganathan Salai / Street falls under the jurisdiction of the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration of property transactions in Kolathur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the official value of the property, which can influence negotiations. It is essential to be aware of the current guideline value to ensure compliance with local regulations during the transaction process.

Frequently asked questions

What is the current guideline value of Jaganathan Salai / Street?

The current guideline value of Jaganathan Salai / Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 700 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 529%.

What is the land classification for Jaganathan Salai / Street?

The land classification for Jaganathan Salai / Street is Residential Special Type - I.

Which Sub Registrar Office covers Jaganathan Salai / Street?

The Sembiam Sub Registrar Office covers Jaganathan Salai / Street, located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is the stamp duty calculated for properties in Jaganathan Salai / Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 3,08,000.