Guideline Value for Jaganathan Salai

Jaganathan Salai guideline value

The current guideline value of Jaganathan Salai is Rs 3,301 per sq.ft, effective from 1 July 2024. This street is located in Peravallur village under the Sembiam Sub Registrar Office (SRO) and is classified as Residential Special Type - II.

How the guideline value of Jaganathan Salai has changed

The guideline value for Jaganathan Salai has seen several revisions over the years. In 2007, the value was Rs 1,000 per sq.ft, which increased to Rs 3,000 per sq.ft in 2012, marking a significant rise of 200%. However, from 2012 to 2017, the value decreased to Rs 2,010 per sq.ft, a reduction of 33%. The value then increased substantially to Rs 3,000 per sq.ft in 2023, reflecting a 49% rise. The latest revision in 2024 sets the value at Rs 3,301 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no figures available for Jaganathan Salai in the 2002 and 2003 revisions. Overall, from 2007 to 2024, the guideline value has increased by 230%.

Guideline values in Peravallur

In Peravallur, there are 423 streets under the Sembiam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 7,100 per sq.ft. The median value is Rs 3,301 per sq.ft, which is the same as the guideline value for Jaganathan Salai.

• Jaganathan Salai Lane: Rs 2,700 per sq.ft (2024)
• Jaganathan Street (Sundararaja Perumal Colony): Rs 4,200 per sq.ft (2024)
• Jaganathan Street (Vetri Nagar): Rs 4,200 per sq.ft (2024)
• Jawahar Nagar 10 Feet Road: Rs 4,200 per sq.ft (2024)
• Jawahar Nagar 1st Circular Road: Rs 4,200 per sq.ft (2024)
• Jawahar Nagar 1st Cross 1st Lane: Rs 4,200 per sq.ft (2024)

Stamp duty and registration fee for property in Jaganathan Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 3,301 per sq.ft, the total guideline value amounts to Rs 33,01,000. The stamp duty at 7% would be Rs 2,31,070, and the registration fee at 2% would be Rs 66,020, bringing the total cost to Rs 2,97,090. Please note that the 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 information.

Which Sub Registrar Office covers Jaganathan Salai?

The Sub Registrar Office that covers Jaganathan Salai is 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 Peravallur

The guideline value is a crucial factor in property transactions in Peravallur. It determines the minimum price at which a property can be registered and is used to calculate stamp duty and registration fees during the sale process. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements.

When a property is sold, the guideline value serves as a benchmark for the transaction price. If the sale price is lower than the guideline value, the higher value will be used for calculating taxes and fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Jaganathan Salai?

The current guideline value of Jaganathan Salai is Rs 3,301 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 3,301 per sq.ft in 2024, reflecting a total increase of 230% over the years.

What is the land classification for Jaganathan Salai?

Jaganathan Salai is classified as Residential Special Type - II, indicating its designation for residential use.

Where can I find more information on stamp duty and registration fees?

For more information on stamp duty and registration fees, you can use the stamp duty and registration fee calculator.

Which office handles property registrations for Jaganathan Salai?

The Sembiam Sub Registrar Office handles property registrations for Jaganathan Salai, located at 5, Papermills Road, Sembiam, Chennai - 600011.