Guideline Value for Jaganathanpuram 1st lane

Jaganathanpuram 1st lane guideline value

The current guideline value of Jaganathanpuram 1st lane is Rs 3,400 per sq.ft, effective from 1 July 2024. This street is located in Egmore village, under the Periamet SRO, and is classified as Residential Class III Type - II.

How the guideline value of Jaganathanpuram 1st lane has changed

The guideline value for Jaganathanpuram 1st lane has seen several revisions over the years. In 2002, the guideline value was Rs 469 per sq.ft. This increased to Rs 517 per sq.ft in 2003, marking a 10% rise. The value continued to rise significantly, reaching Rs 1,000 per sq.ft in 2007, which was a 93% increase from the previous year. In 2012, the value was Rs 3,100 per sq.ft, reflecting a substantial 210% increase from 2007. However, it dropped by 33% to Rs 2,077 per sq.ft in 2017.

From 2017 to 2023, the guideline value increased by 49%, bringing it to Rs 3,100 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 3,400 per sq.ft, which is a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has risen by 625%.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO carrying a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft, with a median value of Rs 7,100 per sq.ft. The guideline value of Jaganathanpuram 1st lane is below this median.

• Jaganathanpuram 1st street: Rs 3,400 per sq.ft (2024)
• Jaganathanpuram 2nd street: Rs 3,400 per sq.ft (2024)
• Jaganathanpuram 3rd street: Rs 3,400 per sq.ft (2024)
• Jaganathanpuram 4th street: Rs 3,400 per sq.ft (2024)
• Jaganathanpuram 5th street: Rs 3,400 per sq.ft (2024)
• Jaganathanpuram 6th street: Rs 3,400 per sq.ft (2024)

Stamp duty and registration fee for property in Jaganathanpuram 1st lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,400 per sq.ft, the total guideline value would be Rs 34,00,000. The stamp duty at 7% would amount to Rs 2,38,000, and the registration fee at 2% would be Rs 68,000. Together, these fees would total Rs 3,06,000. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jaganathanpuram 1st lane?

The Sub Registrar Office that covers Jaganathanpuram 1st lane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is an important factor during the registration of property transactions. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property in Egmore, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, which can significantly impact the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Jaganathanpuram 1st lane?

The current guideline value of Jaganathanpuram 1st lane is Rs 3,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 469 per sq.ft in 2002 to Rs 3,400 per sq.ft in 2024, reflecting an overall increase of 625%.

What is the classification of Jaganathanpuram 1st lane?

Jaganathanpuram 1st lane is classified as Residential Class III Type - II.

What are the stamp duty and registration fees for Jaganathanpuram 1st lane?

For a 1,000 sq.ft plot, the total stamp duty would be Rs 2,38,000, and the registration fee would be Rs 68,000, totaling Rs 3,06,000.

Where is the Sub Registrar Office for Jaganathanpuram 1st lane located?

The Periamet Sub Registrar Office is located at 1103, Poonamallee High Road, Chennai-600 003, and it covers Jaganathanpuram 1st lane.