Guideline Value for Jaganathanpuram 1st street

Jaganathanpuram 1st street guideline value

The current guideline value of Jaganathanpuram 1st street 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 street has changed

The guideline value for Jaganathanpuram 1st street has undergone several revisions over the years. In 2002, the value was Rs 469 per sq.ft, which increased to Rs 517 per sq.ft in 2003, marking a 10% rise. The value saw a significant jump to Rs 1,000 per sq.ft in 2007, reflecting a 93% increase. By 2012, the guideline value was Rs 3,100 per sq.ft, which was a 210% increase from 2007. However, it then decreased to Rs 2,077 per sq.ft in 2017, representing a 33% drop. The value rose again to Rs 3,100 per sq.ft in 2023, and the most recent revision in 2024 set it at Rs 3,400 per sq.ft, a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 625%. The register has no figure for this street in the years not mentioned.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO that have 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 for Jaganathanpuram 1st street is below this median.

• Jaganathanpuram 1st lane: 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 street

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 be Rs 2,38,000, and the registration fee at 2% would be Rs 68,000, resulting in a total cost of Rs 3,06,000. 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 Jaganathanpuram 1st street?

The Sub Registrar Office that covers Jaganathanpuram 1st street 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 essential factor when registering property transactions in Egmore. It is used to determine the stamp duty and registration fees applicable to the property, ensuring that all transactions are conducted at a standardized value set by the government.

When buying or selling property, the guideline value helps establish a baseline for the property's worth. This value is crucial for both buyers and sellers to understand the associated costs and legal obligations during the registration process.

Frequently asked questions

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

The current guideline value of Jaganathanpuram 1st street 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% over the years.

What are the guideline values for other streets in Egmore?

Other streets in Egmore, such as Jaganathanpuram 1st lane, 2nd street, 3rd street, 4th street, 5th street, and 6th street, all have a guideline value of Rs 3,400 per sq.ft for 2024.

What is the registration fee for property in Jaganathanpuram 1st street?

The registration fee for property in Jaganathanpuram 1st street is calculated based on the guideline value. For a plot valued at Rs 34,00,000, the registration fee at 2% would be Rs 68,000.

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

The Sub Registrar Office for Jaganathanpuram 1st street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.